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Why Banks Merge: Listen to the Sellers

Jeff For Banks

September 2004, driving from a meeting in New York, on the grossly miss-titled Cross Bronx Expressway, Nathan Stovall, a reporter from SNL Financial gave me a call. The question: What was up with an upstate New York bank? And what is social media? He printed it as I said it. Our combination.

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Predicting the Next Banking Crisis Is a Fool’s Game. Not Learning From the Last One: Equally Foolish

Jeff For Banks

percent in 2004, a decline of 1.1 By comparison, non-high-tech industries lost 689,000 jobs between 2001 and 2002 but recovered the lost jobs by 2004. Although community banks did not lend to sub-prime borrowers in any meaningful way, did we participate? High-tech employment fell from 12.1 What caused a dot-com bubble?

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Guest Post: Financial Markets and Economic Update by Dorothy Jaworski

Jeff For Banks

Facebook continues to be whipsawed and other major names like Google, Amazon, Netflix, and Microsoft fell in sympathy with their social media favorite. Dorothy has been with Penn Community Bank and its predecessor since November, 2004. Tech stocks added to the volatile environment during the past few months.