Jeff For Banks

OCTOBER 30, 2010

'"When two men in business always agree, one of them is unnecessary." ~ William Wrigley, Jr. "We would have had more time to discuss strategic objectives if Jeff dispensed of his comic routine." So went a piece of feedback I received from a participant in a strategic planning session that I was moderating. My internal reaction. argue back, defend my position, convince myself that the problem is with the person giving feedback.

Strategy 75

Strategy Community How To Training 75

Jeff For Banks

OCTOBER 17, 2010

'I wrote a post a couple of months ago regarding diseconomies of scale under the premise that at some asset size-point, getting larger does not impact your efficiency and expense ratios in a material way (see link to that post below). Yet in spite of my efforts, bankers and industry experts continue to bang the drum for economies of scale. I decided to take a second look at the data to see if I was wrong in my premise.

North Carolina 66

North Carolina America Strategy California 66

Jeff For Banks

OCTOBER 21, 2010

'What are the Markets Thinking? Bond markets have been the big winners in the third quarter. Rates have fallen to incredible lows; Pimco, a large money manager, has referred to them as “Eisenhower” lows because they were prevalent in the 1950s. Treasuries are the biggest winners of all with the 2 year yield now at 0.43%, the 5 year at 1.26%, and the 10 year at 2.49%; the 5 year and 10 year yields fell 75 and 58 basis points, respectively, since late June.

Taxes 60

Taxes Marketing Capital Policies 60

Jeff For Banks

OCTOBER 2, 2010

'In a previous post I mentioned that my wife and I are refinancing our mortgage because of the extraordinarily low rates available (see link to that post below). As part of the process we received the Good Faith Estimate (“GFE”) of costs associated with obtaining a mortgage loan. A key and expensive component of the cost is title and settlement services.

Taxes 60

Taxes Community Retail Community Bank 60

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