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The Community Reinvestment Act promotes local development

by Rev. Gilbert Cox

The days when bankers actually knew their customers, like Jimmy Stewart did in the movie, “It’s a Wonderful Life,” are ending fast. Today, Missouri’s local banks are rapidly being bought up by huge national institutions with no local relationships with our community.

However, though banks may no longer know their neighbors, there is an important law which ensures that communities can continue to know their banks.

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