Posts Tagged ‘Old Banking Formula’
Can doing the right, fair and honest thing for your customers, shareholders, employees and communities parlay into a nice return to investors? At Independence Bank there are
232 revolutionaries that work at the bank and believe in an
Old Banking Formula that has proven two years running that it is more than possible. ABA Banking Journal announced in its June 2010 issue that
Independence Bank has been named one of the Nation's Top 10 Performing Banks (page 36) in the >$100 million <$3 billion category.
IB placed #8 this year, bettering last year's #11 finish.
When you examine the top 25 it might seem odd that a bank whose
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Post by Chris Reid at June 18th, 2010
They can’t be in banking. Reform in banking would simply impose what a group of lawmakers would deem “improvement.” Revolution in banking would mean a thorough cleansing of several practices in our industry. This “Mr. Clean” scrubbing would hit today's financial industry very hard, diminishing the bottom line for many banks for several years to come. Our nation’s larger banks rely heavily on “other” service charge income, specialty loan products and higher risk investments to beef up the “next quarter’s earnings.” Deviating from these practices would add dramatically to the already dismal returns and capital problems that many banks acrossread more...
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Post by Chris Reid at March 8th, 2010
Equal Housing Lender Member FDIC