Benefits of Banking Locally


June 15, 2021
New Valley Bank & Trust

When we say we support local, we mean local. New Valley Bank works hard to provide businesses and families in our community with the best banking services possible. Seriously, ask around! There’s no doubt that having a connection with a smaller organization like our own can benefit you in multiple ways.

If you don’t believe us now, keep reading to learn all the perks of banking locally:

Quick Decision Making

Time is far too limited to wait around to hear back from an organization about qualifying for a loan. If you need to buy a car, expand your business, or just get some help to shore up cash flow, you need to know right away if they can help you. That’s not always the case with big, national banks that claim they don’t have the time.

Instead, we make decisions fast and right here in our local branch. In fact, the decision maker is someone you can meet with and talk to about all of the services you need. How great is that? At New Valley Bank, we know the importance of a fast turnaround to both residential and commercial clients.

We are ready to respond faster than big-name banks when our customers are under intense financial pressure.  When COVID-19 (Coronavirus) hit and the Paycheck Protection Program (PPP) rolled out, we were right there for our clients, working alongside them, ensuring their finances were in check.

Personalized Service

What do you think banking on a first-name basis means to us? That really does mean getting to know our clients and providing one-on-one support. We’ll ask about your family or say hello in the grocery store. New Valley Bank is about collaborating and partnering with you to get the amount and level of service you need. We’re partners first, bankers second.

That’s important for many reasons. Not only is it just the right thing to do, but it also helps you to gain confidence in our team. When you need help, you can feel better about coming in to see us. When you have questions, you feel at ease asking them!

We once had a client switch to New Valley Bank after being a loyal customer of 20 years to a big-name bank that fell victim to fraud, and the corporation said they couldn’t help them — 20 years! Here, we are your financial partners through the good, the bad, and the scary.

Customized Offerings

There are plenty of big-name banks that offer loans and credit cards. Been there, done that. Many of them have very specific profiles and boxes to place each customer into based on their qualifications and needs. It is a rather automated and formal process.

It doesn’t always fit either! There are countless instances where you need more personalized offers that match your specific financial goals and needs. Customized options are better; they give you the flexibility you need to achieve any range of goals. At the same time, it creates a way for you to get the help you need even when you may not check all of the boxes the big bank wants you to meet.

New Valley Bank understands that everyone is different, so financial tools shouldn’t be so standardized to leave you out.

Competitive Fees

Cutting out all of the overhead and profit-focused goals in big banks allows our smaller community bank to offer competitively low-interest rates and fees across all products and services we offer. Think about it: there are fewer expenses we have to meet because we don’t have a huge organizational structure to pay.

That means direct savings opportunities for you as our clients — you’re welcome! When you bank with us, for any reason, you’ll see lower interest rates and better overall fee structures. We’re also more transparent than ever about what it costs to use our services (and often, you are not paying much of anything to access competitive savings accounts). Sometimes, you’ll even see higher interest rates on your savings opportunities here due to our lower, more competitive costs.

Local Economy Support

Another clear advantage of working with our team is that what you do here goes right back into the community. When you bank locally, you are doing your best to support your community’s small businesses and organizations. We repeatedly reinvest in the local community, helping you see better results: more companies, more financial security, and better overall access to earning potential.

What’s most important when choosing a bank as a business owner or for personal reasons is ensuring you have access to the services you need. The good news? There’s no deviation from the big banks here — what they can offer is what we offer in most cases.

You lose nothing when you bank locally. You gain financially and in supporting your community. The quality of service is better, too!

Discover the Benefits of Banking Locally With New Valley Bank

The perfect time to learn more about New Valley Bank? Right now! Reach out to our team to answer any questions you have about banking locally.

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Benefits of Banking Locally