On the latest installment of NH Business, host Fred Kocher is joined by Chris Logan to discuss the anxiety surrounding the recent bank failures, and how this situation will impact the Granite State

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New Hampshire banks have responded well to the nationwide bank failures that have been a looming concern for the banking industry over the past few years.

In the wake of the 2008 financial crisis, many banks across America have failed, leaving customers stranded and causing widespread panic in the financial markets. However, New Hampshire banks have been able to weather the storm, thanks to their prudent management strategies and a focus on community-based lending.

One of the key reasons that New Hampshire banks have been successful is their focus on community-based lending. This means that they are more likely to lend to local businesses, which often have a personal connection to the bank, and are more likely to repay their debt. This approach has proven to be effective, as local businesses have been able to access the capital they need to grow, while the banks have seen a steady stream of income.

Another factor that has contributed to the success of New Hampshire banks is their conservative approach to lending. Unlike many of their counterparts in bigger cities, New Hampshire banks have been careful to not extend credit to risky borrowers, which has helped them to avoid many of the financial problems that have plagued other banks across the country. This approach has allowed them to maintain a high degree of stability, even in the face of an economic downturn.

Finally, New Hampshire banks have been able to innovate in ways that have helped them to remain competitive and meet the needs of their customers. For example, many banks have embraced technology to offer online banking services that allow customers to access their accounts from anywhere, at any time. Additionally, banks have been able to partner with fintech companies to develop new financial products that help customers to manage their finances more effectively.

Overall, New Hampshire banks have responded well to the nationwide bank failures, thanks in large part to their focus on community-based lending, their conservative approach to lending, and their willingness to innovate. As a result, they are well-positioned to continue serving the financial needs of their customers well into the future.