Sunday, January 30, 2011

Port Jefferson banks experience recession aftershock firsthand


http://tinyurl.com/y9s6glz
Port Jefferson has always been considered one of the more financially successful towns on Long Island but one local bank has witnessed, first hand, the financial distress faced by many local small business owners.

Ever since the economic distress, most recently faced by America in September of 2008, the term "Main street" has come to refer to the small town economies across the U.S. Many of these towns have been hard hit by the recession and are still struggling to recover.