The new tax overhaul is welcome news to community bankers. Banking is seen as one of the industries most favorably affected. This new plan will mean more income and more investment opportunities for both community banks and their business customers. However, there will be some changes in tax deductions, potential deferred tax asset charge offs and other elements that could affect your bank as well.
PCBB's white paper, New Tax Overhaul: What It Will Mean for Your Community Bank and Your Customers, provides insight into these areas.