Finance expert Mike Periu on Key Trends Will Change How You Bank
small banks and credit unions are working hard to win your business.
November 06, 2012 Access to basic banking services has become more expensive in recent years. As banks look to offset loan and other losses, they are increasing the fees they charge consumers and small-business owners for paid services and converting previously free services (like checking) to paid.
Small community banks and credit unions, however, still have not seen a significant increase in new accounts. Despite the complaints, customers tend to stay with their existing bank for convenience, trust and other factors. Yet some small banks are becoming more creative and taking the initiative to become more competitive with their larger competitors. This makes them viable alternatives for small-business owners interested in switching.
About Mike Periu
Mike is a seasoned executive with experience in small business finance and management. He is the founder of Proximo, LLC a leading provider of corporate, consumer and small business education and training services with an emphasis on finance and technology.
Mike Periu is also a leading national voice for individual empowerment through financial education and entrepreneurship. He has been interviewed over 500 times in national and international media, including NBC, Univision, CNN en español, Telemundo, HITN, TVE, RTE, SBS, MegaTV and others.
Mike writes regularly for American Express OpenForum, Yahoo! Finanzas and is a Huffington Post contributor.
Mike has degrees in Finance and International Business from Georgetown University. He is on the Board of Directors of the Council for Economic Education and was a Fellow at the Kauffman Foundation’s Labs for Enterprise Creation.
