Community Bank? I don't think so....

Don't be fool by the Marketing Messages of the Mega Banks such as Wells Fargo and others. I pick on WF because although they are second to only BOA in their size their Marketing Message states that they are a Community Bank.

But how can they be? Isn't a community bank located in that community to serve it's clients. How if you are publicly traded company, based out of SF and have acquired another publicly traded company in Wachovia can you be more dedicated to serving your customers than Wall Street.

I claim it is virtually impossible to serve two masters. In fact, if some organization is so disrespectful in their marketing message to lie to their client base, what makes you think that they will do anything more than provide idol lip service to clients the depositor rather than to Wall Street itself.

Please feel free to comment as always. Let me know what you think.