Why bank local
mobank believes in community. It’s at the core of everything we do. We believe that together, we can leave our mark on this world. It all starts right here. At the local level.
According to The 3/50 Project, when our money’s spent locally, 68 percent of it stays in the community. And, if each of us spent $50 a month between three local establishments, the impact would be huge.
There’s a shift in moving toward banking locally. When mobank receives a deposit, we lend it back to people who live right here, in this community – in home mortgages or small business loans. It’s all part of building a strong community.
mobank is healthy, in large part because we know our customers. When we lend money to people we know, we get paid back. We’re passionate about supporting locally owned businesses, restaurants, nonprofits and artists. And we encourage our customers to do the same. It adds jobs, stability and growth.
Locally owned small businesses are the backbone of our community. If they thrive, we all thrive. When you bank with us, you invest in them.
We all have the power to be the difference in our community.