Most community bank execs expect housing market crash

• The survey, conducted by Wakefield Research in August, included 100 community banking executives and 50 credit union executives who manage between $500 million and $50 billion in assets.

Meanwhile: Local banks say they played a big role in the pandemic recovery.

• The bank leaders indicate that on average, about a quarter of their business customers would have shuttered over the last year and a half, without their assistance.

Watch this space: The transition to digital has been sluggish for community banks.

• About 99% of execs acknowledged their institutions haven’t fully embraced digital banking — and 44% say one reason is that their leadership doesn’t believe in it.