Question

What is the major difference between a nationwide bank and a community bank?

The community bank offers more services.
The nationwide bank services only local customers.
The nationwide bank has fewer branches.
The community bank services only local customers.

Answer 1

The community bank services only local customers.

Explanation: Community banks focus on a local geographic area and serve local customers with relationship-based, often narrower services; nationwide banks operate across many regions with larger branch networks and broader product offerings.