Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Frustration among small business owners toward their banks appears to be growing, and a number of them said they are making plans to jump ship over the next two years.

The findings come from a new Aite Group LLC report of 283 owners and executives of businesses that generate less than $10 million in annual revenue. Among small businesses that are “disappointed” with their financial institutions, 31% stated they “definitely” or “probably will” switch to a new financial institution over the next two years. Thirty-eight percent of the disappointed bank with the big four banks, while 41% bank primarily with regionals. The big four are Bank of America, Citigroup, JPMorgan Chase and Wells Fargo/Wachovia.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times
Live Chat

Copyright © 2022 ALM Media Properties, LLC. All Rights Reserved.