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In Response To:
Thread Starter: Pale Rider
Title: Re: FDIC Takeover

Originally Posted By: Anonymous
How about your CRA Officers? I just figure larger banks are going to handle that on a corporate level. I have plenty other experience (mortgage, commercial, loan review, compliance)but I figure they won't do much reshuffling. I think I'll be one of the first out the door.



I was the compliance officer/regulatory liaison for a couple of Southwest Plan shops back in the 80's and early 90's. I was much younger than and had small children, so there was no way I was going to wait it out and see if I could survive the final solution.

Most of the acquiring banks are going to have fully functioning compliance and audit functions, so unless you branch network is being picked up in an area in which the acquiror has no existing facitilies, the back office functions will be phased out, especially after the computer conversions have taken place.