- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: If you received $500K, how would you invest it?
Posted on 5/15/14 at 8:55 am to TheHiddenFlask
Posted on 5/15/14 at 8:55 am to TheHiddenFlask
quote:
1) what is sub 5?
2) what is a "larger state bank"? 5 branches is mom and pop.
3) what mad men are accepting 3 year term on a 20 year am. You clearly aren't that comfortable with the loan.
4) Mom and pop places are more expensive and usually lack the sophistication and thoughtfulness in deal structure that the big banks have.
5) fun trips?
6) I have never seen a single loan we originated sold off.
1. under 5% interest
2. a bank that's regional, not one of the majors
3. 3 years then we refinance or pay it off
4. completely false statement.
5. i get asked by bankers all the time ski, hunt, go eat, they court business.
2
Posted on 5/15/14 at 9:02 am to trillhog
I have to agree with Trillhog on ability to borrow from community banks -v- larger national banks.
I can borrow all day long, although I do need a personal guaranty. I've found community banks are much more sophisticated than larger national banks due to caliber of employee.
The bank I'm on a board of pays above average wages, even to the tellers. I went to a conference one time and listened to some VP from BoA. The Pres. of ,my bank started to laugh as he tried to explain what an APOD was, and the best measure of value and safety on commercial loans. Our default ratio is virtually zero. They cannot say the same with all of their degrees and "sophistication", if that's what you call it.
There is a reason banker's salaries are what they are. Many are not very good at what they do, and their pay scale reflects it.
I can borrow all day long, although I do need a personal guaranty. I've found community banks are much more sophisticated than larger national banks due to caliber of employee.
The bank I'm on a board of pays above average wages, even to the tellers. I went to a conference one time and listened to some VP from BoA. The Pres. of ,my bank started to laugh as he tried to explain what an APOD was, and the best measure of value and safety on commercial loans. Our default ratio is virtually zero. They cannot say the same with all of their degrees and "sophistication", if that's what you call it.
There is a reason banker's salaries are what they are. Many are not very good at what they do, and their pay scale reflects it.
Posted on 5/15/14 at 2:23 pm to trillhog
quote:
i get asked by bankers all the time ski, hunt, go eat, they court business.
Eating and hunting are standard. Big banks do that as well, but probably on a nicer scale.
You go on comped ski trips and you don't think you're overpaying.... That's some good stuff.
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News