Banks may have the market share, but its Erie School Employees FCU that is on the cover of a Monopoly like game available here. Called "Erie in a Box," businesses and organizations from throughout the city are featured on squares in the board game. The game is sponsored by the Erie Times-News.
CEO James Schenck says the institution's military focus means it must provide services for a group of consumers who move every few years. That has helped it focus more on mobile services and less on brick and mortar.
Though it is unclear why Rhinebeck Bancorp is looking to form Rhinebeck Commercial Bank, other mutual banks have pursued the strategy to work around a state law barring them from working with municipalities.