Page 280 - BWM March 2013

280 | Business World Magazine | March 2013
ing company. For all of its growth, which is
continuing, Consumers National Bank has
never deviated from its objective to serve its
community of customers. In fact, communi-
ty service is not only the bank’s greatest asset,
but the overarching principle guiding every
operational process. Since 2008, Ralph J.
Lober II has served as President and CEO at
Consumers National Bank. He explains the
difference between operations at a commu-
nity bank like his versus that of megabanks
advertised at-large. “We do what almost ev-
ery community banker does on a daily basis.
We accept deposits in our markets and turn
them around to make loans into the same
communities; local loans for individual,
business and agricultural purposes. With the
large megabanks, the local deposits are sent
off for deployment in other major cities or
even countries, which doesn’t help the towns
that are here. While those activities serve a
purpose to the largest companies, they do
not help Main Street.”
A FRIEND IN NEED
And just as the megabank has less financial
connectivity with the community there is
sometimes less compassion or flexibility
Bank Founders- These Were the founders of the Minerva National Bank 1965 (which tu