Small Banks Prosper In Business Rebound

Although pessimism pervades recent economic reports, according to research released by Greenwich Associates, small and mid-sized companies plan to increase capital expenditures and hire more employees. Approximately 72% of small businesses and nearly 80% of mid-sized companies reported that business rebounded and improved since the height of the financial crisis, and approximately 50% of them looked to banks outside the top 20 institutions in the US this past year for their credit needs.