A local bank refers to a financial institution that operates within a specific geographic area, typically serving a particular community, city, or region. Unlike larger national or international banks, local banks focus on providing financial services and products to the residents and businesses of their immediate locality. These banks often prioritize personalized customer service, community engagement, and a deeper understanding of the unique financial needs of their local clientele. Local banks can play a vital role in supporting the economic development of the communities they serve by offering a range of services such as savings and checking accounts, loans, and investment opportunities. The emphasis on local relationships distinguishes these banks, fostering a sense of community and mutual support.