Originally posted by @Ron Healy :
@Andrew Syrios your comments are right on the button. Communities throughout the mid-west in particular will have a very difficult time recovering without local banking services. While the number of small banks in the US has been shrinking for years, Dodd-Frank has significantly added to the burden.
I think the problem is that Dodd Frank makes it almost impossible to start a new community bank, so as long as it's in place (at least in the way it is now) there's no way they can recover which puts a huge damper on small business since most small businesses get their loans from community banks.