From the Experts


We All Have Standards, Right?

Posted June 27, 2017 by Stephen D. Heckard in From the Experts.

Each one of us has our own set of standards, what we understand to be acceptable and what isn’t acceptable. Standards define a minimally acceptable behavior. Standards define how we live our lives. If we don’t live up to personal standards, then we must answer to ourselves and possibly to others. Standards certainly apply to our professional lives. Standards can be identified in how we conduct business, and how well we perform our daily responsibilities. In fact, every employee at your bank has a responsibility to demonstrate standards of performance.

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Where Have You Gone George “De Novo” Bailey?

Posted June 16, 2017 by Michael M. Moran in From the Experts.

Where have you gone George “De Novo” Bailey? Or, maybe more appropriately with regard to the Michigan community banking space, when (if ever) does the next Bill Broucek-like banker emerge on the scene? I’ve commented in past months about both the challenges (operational,regulatory and competitive) facing community bankers and the dearth of traditional de novo activity coming out of the Great Recession. Recent discussions with long-time NBD banker and correspondent banking legend, Don Jeffrey, underscored what is common knowledge to every community banker in Michigan: their ranks have dwindled over the years, and some of the historical “back-filling” that used to occur via access to both talent and capital investment is now rapidly facing a nearly 10-year drought. Succinctly, a picture is worth a thousand words:

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Big Brother Actually is Watching

Posted June 7, 2017 by Stephen D. Heckard in From the Experts.

Big brother is watching…and it isn’t a bad thing. In fact, it is a very good thing, one that has the potential to strengthen the entire financial services industry.

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There has to be a Better Way

Posted May 24, 2017 by Michael M. Moran in From the Experts.

The Dodd-Frank Act became public law in the 111th Congress nearly seven years ago. Its objective, as the country moved through the Financial Crisis and the devastating effects of the Great Recession, was primarily four-fold:

-Promote the financial stability of the United States by improving accountability and transparency in the financial system

-End “Too Big to Fail”

-Protect the American taxpayer by ending bailouts

-Protect consumers from abusive financial services practices

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The Cost of Saying Good-Bye

Posted May 16, 2017 by Stephen D. Heckard in From the Experts.

Two years ago, I was asked to review data processing contracts for a small bank to determine departure costs as part of a potential acquisition. We have a very active Investment Banking Division that provides assistance to banks looking to acquire and banks looking to be acquired. In either case from time-to-time, I am asked to provide estimates for terminating processing contracts and deconversion charges. I would like to share with you two recent examples regarding terminating processing contracts.

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