by Brian Pillmore | Mar 24, 2023 | Brian's Blog
Estimated reading time: 2 minutes This MUST have been illegal!!! You’re about to see lots of articles with titles like this… If you look at these 2 charts, you can see how many insiders – that doesn’t necessarily mean decision-makers – took out loans from...
by Brian Pillmore | Mar 24, 2023 | Brian's Blog
Estimated reading time: 2 minutes The biggest thing that community banks have going for them is their relationships with the community and their commitment to customer service. 9 times out of 10, they beat the regional and national banks in these categories,But get...
by Brian Pillmore | Mar 24, 2023 | Brian's Blog
Estimated reading time: 1 minute It all comes down to Tangible vs. Intangible Equity. Book Value = Tangible Assets – Tangible Liabilities But there is so much more to it than that. Tangible Assets are the things that can quickly become cash: 1️⃣ Cash and cash...
by Brian Pillmore | Mar 20, 2023 | Brian's Blog
Estimated reading time: 2 minutes There are 2 primary reasons: 1️⃣ Higher rates slow the economy2️⃣ The Federal Budget Deficit is too high The entire goal of raising interest rates is to slow the economy, make money more expensive, reduce spending, and therefore...
by Brian Pillmore | Mar 20, 2023 | Brian's Blog
Estimated reading time: 2 minutes Especially in banking.And that’s exactly what got Wells Fargo into hot water.You probably remember 2013 and the chaos surrounding Wells Fargo.“8 is great” surfaced as their internal slogan.Employees were told to push all customers to...
