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The Week's Best Quotes: Subprime Farmers, Hunting for Debtors, Multifamily Bubble

The most notable quotes from American Banker stories of the previous week. Readers are encouraged to add their own observations in the Comments fields at the bottom of each slide.

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On why banks often use the U.S Department of Agriculture's insurance program when lending to farmers: On why banks often use the U.S Department of Agriculture's insurance program when lending to farmers: "I'm not saying they're deadbeats, but I'm also saying they're not prime bank customers."

- John Blanchfield, senior vice president at the American Bankers Association

Related Article: Banks Push for More Government-Backed Farm Loans

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On the challenge of tracking down debtors: On the challenge of tracking down debtors: "It's like hunting an animal in the woods."

- Ron Brown, chief executive of investigation and asset-recovery firm CSI Group

Related Article: Why Debt Collectors Should Not 'Friend' Debtors on Facebook

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On the risk that the Dodd-Frank Act could exacerbate the damage during times of financial stress: On the risk that the Dodd-Frank Act could exacerbate the damage during times of financial stress: "Enhancing the scope for intervention and enhancing the tools just spreads the poison that boxes us in, in a crisis."

- Jeff Lacker, president of the Federal Reserve Bank of Richmond

Related Article: Fed's Lacker: How to Stop Bailouts for Good

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On Fannie and Freddie's growing presence in multifamily lending: On Fannie and Freddie's growing presence in multifamily lending: "The government pie has brought a lot of investors to the market."

- Jamie Woodwell, vice president of commercial real estate research at the Mortgage Bankers Association

Related Article: Love of Multifamily Lending Lingers, But for How Long?

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On the claim that customers prefer hometown banks: On the claim that customers prefer hometown banks: "Money is money. People don't care anymore where a bank is headquartered."

- Mitchell Feiger, chief executive of MB Financial

Related Article: Wintrust Sees Room to Go Big in Chicago

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On why many small banks are reluctant to sell: On why many small banks are reluctant to sell: "If you're a healthy bank, why would you merge now? The premiums aren't there."

- Todd Grayson, executive vice president of South Central Bank in Chicago

Related Article: WinTrust Sees Room to Go Big in Chicago

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On the high cost of cancelling pending M&A deals: On the high cost of cancelling pending M&A deals: "You spend a lot of time and effort, so if it [a deal] doesn't close, you've lost all of it."

- Jeff Gerrish, a partner at Gerrish McCreary Smith

Related Article: M&A Cancellations Slow, But Still a Risk for Banks

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On how pressure on acquirers' to boost earnings could trigger more M&A: On how pressure on acquirers' to boost earnings could trigger more M&A: "The new reality is that bank stocks are [worth more than] 60% to 70% of tangible book when buyers such as Renasant have an improved currency and need earning assets at reasonable yields."

- Chris Marinac, analyst with FIG Partners

Related Article: Pricey Deal in Mississippi Reflects Pressure on Buyers to Grow

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On pending state legislation to ban retailers from levying surcharges on credit card transactions: On pending state legislation to ban retailers from levying surcharges on credit card transactions: "I believe that card issuers are unfairly gouging merchants and retailers, and hopefully this legislation can slow that practice."

- West Virginia State Senator Truman Chafin

Related Article: Seven States Eye Ban on Credit Card Surcharges

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On the combination student ID-debit cards that some universities have introduced: On the combination student ID-debit cards that some universities have introduced: "Schools are getting into bed with these financial institutions with these cards and some are doing it in order to be compensated by the bank."

- John Hirabayashi, president and chief executive of Community First Credit Union of Florida

Related Article: CFPB Scrutiny of Bank-College Partnerships Deepens

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On how Dodd-Frank and the Jumpstart Our Business Startups, or JOBS, Act have helped small banks but overlooked thrifts: On how Dodd-Frank and the Jumpstart Our Business Startups, or JOBS, Act have helped small banks but overlooked thrifts: "The level playing field is tilted way against the S&Ls. This was allowed to go through without anyone screaming foul."

- Doug Faucette, a lawyer with Locke Lord

Related Article: Small Thrifts Getting Short Shrift from D.C.

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On the Treasury's decision to cancel its auction of Coastal Banking Co.'s Tarp shares after the bank's finances improved: On the Treasury's decision to cancel its auction of Coastal Banking Co.'s Tarp shares after the bank's finances improved: "They tell me this is kind of unusual. The Treasury said there have been a few of these auction agreements they've had to break because of subsequent bad news, buy they can't remember one they've had to break because of good news."

- Coastal Banking Co. chief financial officer Paul Garrigues

Related Article: Tarp Auction of Coastal Banking in S.C. Cancelled as Bank's Finances Improve

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On his decision to join a community bank after working for the likes of Citigroup, Ally and Freddie Mac: On his decision to join a community bank after working for the likes of Citigroup, Ally and Freddie Mac: "I'd like to think my career isn't always focused on putting out fires."

- Al Celini, chief risk officer of Sun Bancorp in Vineland, N.J.

Related Article: Sun's Celini Trades In His Train Pass, Firefighter Hat
Arguing that banks have done a bad job of showing the value of checking accounts: Arguing that banks have done a bad job of showing the value of checking accounts: "Do you know of any other business that gives that away for free?"

- Citizens National Bank President and Chief Executive Brad Tidwell

Related Article: Service Charges Starting to Rebound at Community Banks

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The most notable quotes from American Banker stories of the previous week. Readers are encouraged to add their own observations in the Comments fields at the bottom of each slide.

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