Insights & News
What's new at Artisan Advisors and in the world around us.
ANOTHER GREAT TIME TO START A NEW BANK…?
It definitely could be, but let’s start with some not so ancient history.
Back in late 2008-09, the Great Recession was beginning to cause serious headaches for many banks, even the strongest ones. Earlier that year I had committed to move forward with the business plan to start a new community bank, thanks to the support of a large health insurance company supplying the initial capital. In retrospect, I doubt we could have raised individual investor capital in a market back then without them. Read More.
THREE TIPS FROM THE WORK OUT TRENCHES
Work out is coming back. Despite a cash infusion from the federal government designed to keep small businesses afloat, many will struggle to survive this ruthless pandemic economy. More loans will become more troubled and focus will shift from normal operations to work out. It’s inevitable.
To be most effective, work out requires a trench mentality. It’s a tough fight, but everyone involved needs to work together, to come out of it as whole as possible. I’ve spent 13 years in the work out trenches and learned a few things along the way. As we enter the work out phase of this crisis, keep these tips in mind. Read More.
YOUR QUESTIONS ABOUT COVID-19 AND REGULATORS
TODAY. TOMORROW. AND POST-PANDEMIC
By this time, you have already activated your financial institution’s Pandemic and Business Continuity plans. Your regulators are contacting you for updates. You are addressing customer service and staff needs. You are also working with your vendors to determine how COVID-19 will impact the critical services they provide. It’s a strong start – but what’s next?
Everyone is working at top speed to answer that question and all the others that emerge in this rapidly changing crisis. Read More.
Hecht and Mercer Added to Artisan Roster
Artisan Advisors is pleased to announce that we have added two exceptional banking specialists to our roster: John Hecht and Ron Mercer.
John and Ron each bring decades of experience and a wealth of knowledge to Artisan. John’s C-suite track record for delivering results in both banking and corporate environments is undeniable and positions him well to provide insightful counsel to our clients on a broad range of issues. Ron’s entrepreneurial spirit and unparalleled reputation as an appraisal and workout expert combine to make him an invaluable asset on any client team. You can read more about them and their extensive experience below. Read More
I am not sure how long this pandemic will last. It will pass, but when? A stimulus package is on the way - a package designed not just to provide immediate relief, but to move the economy back to pre-virus vitality. This, of course, will require the United States to turn on the economic switch, to open the markets up, and get people back to work. Again, the question is when? Read More
The Leap from Theory to Practice - Putting Your Business Continuity and Crisis Plans to Work
The COVID-19 crisis continues to evolve hour by hour throughout the world. The timeline for flattening the curve remains unclear. In response, federal and state governments around the country have become more aggressive in their actions to stem the spread of the virus. Clearly, we as a country are learning how to deal with a pandemic crisis on the fly. Read More
Optimism – and a Solid Business Continuity Plan – are your Best Friends Right Now
Bankers’ attitudes about the Coronavirus pandemic mostly mirror that of the larger population. There are a number of bankers who think Coronavirus will be a short-term negative blip in what will continue to be strong operating performance over the next several years, while other bankers think this pandemic will make the financial crisis of 2008-2010 look like a walk in the park. Read More
The Real Estate Report
The Quarterly Real Estate Report for Illinois, Indiana, Iowa, and Wisconsin. This helpful resource is your guide to economic and real estate outlooks for the upcoming quarter.