Notable Quote

"...small and medium-size banks that have in mind remaining independent forever based on the competitive advantages of personal service, may be engaging in wishful thinking. Such banks run the risk of an overnight evaporation of any premium to book value of their franchises."

Bradford M. Johnson, President, Heron Hill Corp, and director of two community banks, Santa Fe, NM in an article in American Banker, August 29,1995.

Copyright © 1995 Bankers' Hotline. Originally appeared in Bankers' Hotline, Vol. 6, No. 2, 11/95