Posted: January 18th, 2017 | By: James Watkins
Professor Tanya Marsh was quoted in the following story, “Bricks-and-Mortar Banks Stage a Comeback,” written by James Watkins and published in Ozy magazine on Wednesday, Jan. 18, 2017.
An excerpt follows:
Professor Tanya Marsh explains that member benefits to large banks, such as low transaction costs, affordable credit cards and wide national presence dissuade membership to the community banking industry. Following the financial crisis, Marsh argues that community banks become vulnerable and reliant on the commercial housing market. Marsh believes the community banking industry requires greater reform outside the repeal of Dodd-Frank “if they’re going to survive.”
