memo chan's video: Germany: Where big banks go into crisis localism thrives

W/S Gammesfeld W/S The bank of Gammesfeld SOT, Peter Breiter owner of One Man Bank: "Here we only concentrate on People from Gammesfeld, if you live 10km away, sorry, you can't be a customer. Infact the furthest away one of our customers lives is about 700 metres." W/S Peter Breiter on the phone SOT, Breiter: "People get a personal service here, I know everyone who comes in, of course I do, they're my neighbours. This means there's big trust. They aren't just a number or part of a money making machine" M/S Breiter typing on an old typing machine C/U Old banking machine M/S Breiter demonstrates how machine works W/S Children enter the bank C/U Toy in the bank Bretier puts the money on the table M/S Child counts the money SCRIPT Germany: Where big banks go into crisis, localism thrives As the European banking system is struggling with the sovereign debt crisis, small German banks have capitalised on the doubts to the global banks and localised. The little German city of Gammesfeld has set up a One Man Bank, in response to consumer concern. Peter Breiter, owner of the One Man Bank, explained the stringent conditions he put into place to insure localism: "Here we only concentrate on People from Gammesfeld, if you live 10km away, sorry, you can't be a customer. In fact the furthest away one of our customers lives is about 700 metres." With only 900 customers, Peter believes he can offer something that bigger banks cannot: "People get a personal service here. I know everyone who comes in, of course I do they are my neighbours. This means there's big trust. They aren't just a number or part of a money making machine." The bank operates only traditional retail banking, meaning that it does not offer any credit card, shares, funds or online banking. It does not even have an ATM; customers have to withdraw their money in the traditional way of approaching the teller.