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Chelsea State Bank and ICBA: Shop Local for the Holidays

(Chelsea Update would like to thank Nicole Bell for providing this information.) 

Chelsea State Bank joins the Independent Community Bankers of America (ICBA) in encouraging consumers to shop locally—online or in person—when purchasing gifts for friends and family during the holiday season.

When you support locally owned and operated businesses by shopping or dining locally, $48 out of every $100 is returned to the local economy, boosting job growth, charitable giving and civic engagement (compared to just $14 out of every $100 spent at national chains). Local businesses also create 62% of new jobs in the U.S. annually, which means your support for these businesses also helps keep the local economy thriving.

“We proudly support our community’s economic engines—small businesses—and encourage consumers to shop locally during the holidays and year-round,” said Joanne Rau, president and CEO, Chelsea State Bank. “When you reinvest in the businesses that support your neighbors, you’re making an investment in our collective future—supporting your friends and neighbors and helping our community prosper.”

As the primary and preferred lending source for the nation’s small businesses, community banks continue to fund entrepreneurs’ dreams—one loan at a time. In fact, community banks make more than 60 percent of all small business loans under $1 million and serve as the only physical banking presence in nearly one in three U.S. counties.

Show support for local entrepreneurs and small businesses throughout the year.

To find our nearest community bank location, visit ICBA’s community bank locator at www.banklocally.org.

About Chelsea State Bank
Chelsea State Bank is a full-service financial institution with offices in Chelsea and Dexter. The bank was formed 125 years ago by local business leaders to provide timely financial solutions to individuals, families, and businesses in the community. This tradition of community service continues today. For more information, please call 734-475-1355 or visit www.chelseastate.bank. Member FDIC.            

About ICBA
The Independent Community Bankers of America® creates and promotes an environment where community banks flourish. ICBA is dedicated exclusively to representing the interests of the community banking industry and its membership through effective advocacy, best-in-class education, and high-quality products and services.

With nearly 50,000 locations nationwide, community banks constitute roughly 99 percent of all banks, employ nearly 700,000 Americans and are the only physical banking presence in one in three U.S. counties. Holding nearly $5.9 trillion in assets, over $4.9 trillion in deposits, and more than $3.5 trillion in loans to consumers, small businesses and the agricultural community, community banks channel local deposits into the Main Streets and neighborhoods they serve, spurring job creation, fostering innovation and fueling their customers’ dreams in communities throughout America.

For more information, visit ICBA’s website at www.icba.org.

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