Jeff For Banks

Beware of the Yutes!

February 4, 2010 | Jeff For Banks, Uncategorized

In the 1992 classic movie My Cousin Vinny, Joe Pesci referred to his clients as “yutes”. Fred Gwynn, who played the judge, asked for clarification, not understanding Pesci meant “youths”. Bear with me, I have a point. I was with a bank executive today that told me that 40% of OTS examiners had less than […]

I-Banker Will Work For Food

February 2, 2010 | Jeff For Banks

Bank Director Magazine had its annual “Acquire or Be Acquired” conference last week. Surprisingly, an investment banker from a regional investment banking firm opined that a flood of capital was going to enter the banking industry, triggering “hundreds of bank mergers”. Well, given the chart below, his colleagues hope he is right. There is tuition […]

Banks and Old Time Hockey

January 31, 2010 | Jeff For Banks, Uncategorized

I went to see an AHL hockey game last night, the Hershey Bears versus the Albany River Rats. You are probably already thinking of how I’m going to build a bridge between hockey and banking, but bear with me. You, like me, probably think of hockey players as some version of the 1970’s movie Slap […]

The Mortgage Market Meltdown & Uncle Sam

January 30, 2010 | Jeff For Banks

There is a lot of troubling discussion about what to do so the mortgage meltdown that occurred in late 2008 does not happen again. Public outrage was first directed at banks in general, then migrated upstream to the big “fat-cat bankers”, i.e. those top 19 banks that were told to take TARP funds. Now, politicians […]

About Jeff For Banks

January 29, 2010 | Jeff For Banks, Uncategorized

Welcome to my new blog about community banking. I titled it “Jeff For Banks” because I tend to be pretty passionate about the long term sustainability of the community banking industry. As an industry consultant, I am constantly learning about success stories in our industry. But banking is undergoing tremendous sea changes, and I thought […]