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Scott Bessent: “We have lost more than 50% of the small and community banks.”

Featuring: Scott Bessent, Republican | Secretary of the Treasury | National

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Conversation with Scott Bessent, US Secretary of the Treasury | WEF Annual Meeting 2026

Published | Video Starts at 23:44

Because what happened after the great financial crisis, all the regulations from Dodd Frank we had too big to fail. But then with small banks you were too small to succeed. This regulatory morass. We have lost more than 50% of the small and community banks. And they, they power small business lending, real estate lending and ag lending. So we are trying to bring that back. Yeah, it's a great point because farmers really need the lending of these small community banks. (23:44–23:50)

CLAIM

Asserts that over 50% of small and community banks have been lost.

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