'They Shouldn't Sell that Stuff': The Week's Best Quotes
July 9, 2013 8:00 AM
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.
(Image: Thinkstock)
On the bright side of the losses his bank took in Florida's real estate bust:
"The bad news was that we lost $30 million, but the good news was that we lost $30 million."
John W. Allison, chairman of Home BancShares (HOMB)
Related Article:
On JPMorgan Chase's (JPM) decision to halt sales of debt to third-party collectors:
"They shouldn't sell that stuff."
Peter Holland, who runs the University of Maryland School of Law's consumer-debt defense clinic
Related Article:
(Image: Fotolia)
On new guidelines issued by the Office of the Comptroller of the Currency for sales of delinquent consumer debt:
"Bank by bank, they understand it's going to be a higher bar."
Kathy Gouldie, OCC lead retail credit expert
Related Article:
(Image: Thinkstock)
On relations between the OCC and mutual thrifts since the end of the Office of Thrift Supervision in 2011:
"I hear from most of my peers that things are going pretty well"
Susan Ralston, chief executive of Bank@LANTEC.
Related Article:
On why BNC Bancorp's (BNCN) follow-through on its business plan makes the stock an ideal investment:
"There is a lot of security investing in people who do what they say they're going to do."
Ken Thompson, Aquiline Capital Partners
Related Article:
(Image: Thinkstock)
On why it made sense for Prosperity Bancshares (PB) to pay a high premium for FVNB Corp.:
"You get what you pay for."
John Rodis, an analyst at FIG Partners
Related Article:
(Image: Thinkstock)
On why small banks are passing up the chance to enter the booming trade-finance field:
"Most community banks are sticking to what they know."
Bill Houck, the regional director of the Small Business Administration's Middle Atlantic office of international trade
Related Article:
(Image: Thinkstock)
On his plans to include a robot and other high-tech gadgets at a branch in Washington:
"Our goal was to be anything but a traditional bank."
John Kreighbaum, president/CEO, Premara Financial
Related Article:
On the media attention paid to his trial for writing messages critical of banks on sidewalks outside Bank of America (BAC) branches:
"I couldn't have done better if I rented an airplane with a banner and put billboards up all over town."
Jeff Olson, critic of big banks
Related Article:
(Image: Thinkstock)
On the widespread confusion among business customers about the impact of the healthcare reform act:
"It comes up in almost every client conversation."
Doug Petno, the chief executive of JPMorgan Chase's commercial bank
Related Article:
On Green Dot's (GDOT) 10-day holding period for remotely deposited personal checks:
"Perhaps the worst funds availability I've seen. A nonstarter, in my humble opinion."
Bob Meara, senior analyst at Celent
Related Article:
(Image: Thinkstock)
