Are Regulations Killing the Small Community Bank in America?

(JSTOR Daily, November 4, 2015)

Stamps, Arkansas is a town of some 1,500 people in the southwest corner of the state. Its sole claim to fame—other than being the only town in the U.S. named Stamps—is as the childhood home of Maya Angelou, the Presidential-Medal-of-Freedom-winning author and poet. Like many nearby towns its size, Stamps has declined both in population and commerce in recent decades. Many of the old buildings in the downtown district sit empty. Standing watch over them is the locally-owned Bodcaw Bank, still open for business as it has been since 1903.

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