by Brian Pillmore | Jan 21, 2023 | Brian's Blog
You know what’s scary?Riding 20ft waves on a tiny boat in Colombia. You know what’s not scary?Deposit to Loan Ratios. A few years ago I was visiting Colombia with my family and we decided to visit a National Park and we would take a little boat to get there. What a...
by Brian Pillmore | Jan 20, 2023 | Brian's Blog
Banks are struggling to keep up with technology trends. But it’s only because that’s what they’re telling themselves.Let me explain. The problem isn’t keeping up with technology,It’s feeling like you HAVE to. What’s the point of integrating technology anyways? I can...
by Brian Pillmore | Jan 17, 2023 | Brian's Blog
So, you have to fire someone. Here are 3 things to do as you approach the problem. 1. Just rip the band aid off. (being direct is respectful and feedback is a gift) 2. There is no time like the present. (sunk cost) 3. Short and sweet. (no one like a long goodbye)...
by Brian Pillmore | Oct 20, 2022 | Brian's Blog
Did you see the latest fine that the SEC dished out? The U.S. Securities and Exchange Commission confirmed this week that it has levied a $35 million penalty against Morgan Stanley Smith Barney related to the firm’s failure to protect its customers’ personal...
by Brian Pillmore | Oct 6, 2022 | Brian's Blog
I took the financials from a trucking company into my credit guy.I was excited until my credit guy told me we couldn’t do the deal.Not now. Not ever. “Why?” I said. He pulled out a piece of scrap paper. 3 lines was all it took. It was simple math. 1....
by Brian Pillmore | Sep 21, 2022 | Brian's Blog
Deposits matter. An experienced chief risk officer told me once, “Deposits are the inventory of banks.” A good friend and business partner in the retail business (cigars and whiskey, fun!) told me, “You can’t sell what you don’t...
