Shop Local Tip #10: Switch BanksKeep your savings or your loans with local Allston indie community banks or credit unions. When you bank local, more money stays in Allston because the interest, the deposits or the loan payments you make help the bank to lend to local businesses or families in your community. These banks can offer the same capabilities as the big banks, but they concentrate on serving only one or two communities based on their smaller asset size. Since they’re locally owned and focus on serving the businesses and families in their geographic area, they build up local wealth in your community. And there is usually greater stability in personnel at a Allston community bank meaning that you’ll likely be dealing with the same banker for years. | |||||||||
