Small lenders surpass larger banks
The little guy is pulling ahead, as smaller banks adjust faster to handling all of the regulations coming down the pipeline. Loans at small banks grew at a 4.7% annual rate at the end of the second quarter compared with a growth rate of less than 1% for big banks.
Per The Wall Street Journal:
As long as regulatory uncertainty remains, big banks will continue to be at a disadvantage, according to bank analysts and executives. "This could have a significant impact on lending from big banks in the year and years ahead," said Scott Anderson, chief economist at San Francisco-based Bank of the West.