Description: Visit Jeff For Banks blog for banking strategy, profitability, efficiency, and whatever else comes to the author's mind.
A blog designed to provide an outlet for Jeff's and other unvarnished opinions on community financial institutions. Sometimes serious, other times not, Jeff's opinions are his own and may not represent the opinions of his esteemed employer.
//Jeff Marsico remarks to the 2023 New Jersey Bankers' Association Annual Convention: May 19, 2023//
Four decades ago, the prolonged savings-and-loan crisis devastated the industry. Between 1980 and 1995, more than 2,900 banks and thrifts with collective assets of more than $2.2 trillion failed. More recently and by comparison, the mortgage meltdown and subsequent global financial crisis took down more than 500 banks between 2007 and 2014, with total assets of nearly $959 billion.