article thumbnail

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

Jeff For Banks

Between 1995 and its peak in March 2000, the Nasdaq Composite stock market index rose 800%, only to fall 740% from its peak by October 2002, giving up all its gains during the bubble. We knew there was tremendous hubris in the subprime market. The Y2K scare also had companies pouring money into tech firms. What caused it?

FDIC 78
article thumbnail

The top-performing community banks of 2021

Independent Banker

A: We strategically positioned ourselves to take advantage of the market. We’ve been the number one SBA lender in our market for the past two years, so we were well positioned to assist our clients with the PPP program. We were gaining more market share by calling on all the Realtors. Q: Why has Genesee Regional Bank succeeded?

article thumbnail

Who were ICBA’s Top Lenders of 2022?

Independent Banker

Using FDIC data for 2021, we calculated a lender score out of 100 for each community bank. He sensed the family’s passion and liked their idea of starting with selling milk at farmers’ markets, roadside shops and small grocery stores. By Ed Avis. Methodology. When the owners of a small family dairy asked The Peoples Bank in Marion, Ky.,