WASHINGTON — The Federal Deposit Insurance Corp. released a report Wednesday that tried to put to rest fears that community banks are headed for extinction.

The study, which follows the FDIC's earlier community bank research in 2012 and is part of a broader agency initiative to reach out to smaller institutions, says their resilience and focus on services overlooked by larger banks will likely preserve community banks' role in the future, even if consolidation continues at a sustained pace.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

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