WASHINGTON -- Commercial banks could lose their dominant position in the small-business lending market and not even know what hit them, a prominent industry consulting group warned.

Reporting on a study her firm conducted for the Association of Reserve City Bankers, an analyst for Furash & Co. said the "commercial banking industry's traditional small-business franchise is at risk" to nonbank competitors and changing market conditions.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.