By: Tim Melvin of Benzinga
Consider the life of a banker running a small bank today.
It used to be a great life running one of these little banks. You oversaw a network of 10 or 15 branches in smaller towns or suburbs across the country and were a well-liked business leader of your community.
More than likely you weren't just a member of the Rotary and other civic groups, you were an officer of the group.
Bankers helped people buy homes, grow their businesses, put their kids through college and even save for and fund their retirement. The employees had good jobs and made decent money and really liked the bank and the officers. The stock price was at a nice premium from the original offering price and most folks in town were pretty excited about that. On weekends, the bankers probably played golf and went to local college games with local politicians, developers and car dealers. Continue reading "What's Happening To The Smaller Banks?"