Slideshow 'This Is a Generational Opportunity': Week's Best Quotes

Published
  • November 06 2013, 10:50am EST
10 Images Total

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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Arguing that federal bank regulations put smaller lenders at a disadvantage:

"We fight a constant undercurrent of those who would like to see a single financial regulator and an industry of just a handful of banks."

— John Ryan, CEO of the Conference of State Bank Supervisors

Related Article: CSBS' Ryan Calls for Regulatory Rethink for Small Banks

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On Samuel L. Jackson's use of the word 'damn' in a new commercial for Capital One (COF):

"Profanity has no place anywhere, really."

— Monica Cole, executive director of conservative media watchdog One Million Moms

Related Article: Capital One Cleans Up Samuel Jackson Ad After 'Damning' Criticism


Kevin Lynch, CEO of Oritani Financial (ORIT) in Washington Township, N.J., on why he is unconcerned about a possible decline in prepayment fee income from refinanced mortgages:

"I'd rather keep the loans."

Related Article: Banks Brace for End of Prepayment Penalty Boom


On the merger agreement between Heritage Oaks Bancorp (HEOP) and Mission Community Bancorp (MISN), two community banks in central California:

"If we didn't buy them, someone else possibly would have."

— Simone Lagomarsino, CEO of Heritage Oaks

Related Article: The Beauty of the Low-Risk, In-Market M&A Deal

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On HomeStreet Bank's decision to expand its mortgage business as other banks are pulling back:

"It's not a 'Field of Dreams' strategy of 'Open it and they will come.' This is a generational opportunity to hire competent and quality lenders."

— Mark Mason, CEO of HomeStreet

Related Article: HomeStreet Expands in Mortgages in Contrarian Play


On a new survey showing that bankers are increasingly optimistic about completing M&A deals in the next year:

"We are all figuring out how to do business despite the dysfunction of Washington."

— Emmett Daly, a principal in investment banking at Sandler O'Neill

Related Article: Bank M&A Prospects Improve as Dealmakers Look Past Washington

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On why F.N.B. Corp. (FNB) in Hermitage, Pa., which recently announced a capital raise, may be thinking of entering the M&A market:

"There is pressure to strike while the iron's hot… [T[he strategy hinges on their ability to trade at a price multiple north of two times."

— Jason O'Donnell, an analyst at Merion Capital

Related Article: F.N.B.'s Refuels, But Where (and What) Will It Buy Next?

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Matthew Converse, chief executive of Sevier County Bank on how the Securities and Exchange Commission's decision to lift a ban on advertising private placements could benefit his small, rural bank:

"Having the ability to market our wares to a broader base of investors, when we have a story to tell, would be huge."

Related Article: Small Banks Embrace Chance to Advertise Private Placements


On the declining use of a toll-free credit-counseling service that the CARD Act required lenders to offer troubled borrowers:

"I did expect that more consumers would use that number. Frankly I would have thought this was exactly what the American consumer was after."

— Gail Cunningham, vice president of the National Foundation for Credit Counseling

Related Article: CARD Act Disclosures May Have Little Sway Over Consumers