Small banks popping up all over, management prof says

An article in the Stamford Advocate on the increase in the number of small local banks that are opening to give customers an alternative to the mega-banks that have been swallowing up smaller independents over the past decade quotes Lewis Mandell, professor of finance and managerial economics, who said community banks are popping up all over the nation, and they tend to turn profitable after a few years. Go to article.