by Ken Chase | Mar 28, 2023 | Banks, News
North Carolina-based regional bank First Citizens has agreed to purchase Silicon Valley Bank, according to a March 26 statement from the Federal Deposit Insurance Corporation (FDIC). The FDCI confirmed that it had agreed to the deal, which will see the regulatory...
by Brian Pillmore | Mar 28, 2023 | Brian's Blog
It’s a recipe for mediocrity. I have friends approach me time to time about starting a bank with them. I never take them up on it, but “don’t be a generalist banker” is always the advice I offer. “Begin with the end in mind,” as Covey said. Be laser-focused on a few...
by Brian Pillmore | Mar 28, 2023 | Brian's Blog
It might sound odd, but they have their reasons. The bigger a bank gets, the more regulations it has to abide by. And if it gets big enough, it’s labeled a SIFI (Systemically Important Financial Institution). AKA → You are “too big to fail” and the government will...
by Brian Pillmore | Mar 28, 2023 | Brian's Blog
Why?? Because I hate to say it,But we did not deliver the other 84 well at all… We were really good with the 6 I picked out though, So I made it a point to ONLY sell those. Even if someone came to me asking for one of the 84 – I would decline. I was asked about...
by Brian Pillmore | Mar 28, 2023 | Brian's Blog
I’ll be diving into the 4 most important metrics over the next 4 Fridays. We’ll look at: 1️⃣ Balance Sheet Leverage2️⃣ Cash Flow Leverage3️⃣ Profitability4️⃣ Capitalization Which one matters most?How are they calculated?What happens if 2 are great and 2 are terrible?...
