Will "Plain Vanilla" Kill Community Banking?
Jeff For Banks
JANUARY 27, 2011
'I was at a strategic planning retreat a few weeks back where a colleague lauded the concept of bankers getting back to plain vanilla community banking. I hear and read this often. Most recently Valley National Bancorp''s highly respected CEO, Gerald Lipkin stated: "The positive [fourth quarter] results are attributable to management''s common sense and highly focused approach to traditional banking — gathering deposits and making relatively low-risk loans." ?
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