Interactive Q&A: Ted Awerkamp, President and CEO of Mercantile Bancorp [View article]
Hi Ted, thanks for putting yourself up to the scrutiny of the Seeking Alpha community.
There seems to be an ongoing trend within the community banking sector towards consolidation through the purchase of competing community banks. A case in point was Sovereign Bank's purchase of Independence Community Bank. As a former account holder at Independence, I've seen the negative impact that their buyout had on my service and I therefore migrated to another bank.
Have you seen account attrition in the banks you've been purchasing? With all the benefits of scale, do you find that your core clients are unhappy or happy with the results of your business strategy? How do you propose to keep the quality of service of a small community bank intact, while incorporating it into your growing organization?
Interactive Q&A: Adam Yan, CEO of e-Future Information Technology (EFUT) [View article]
Hi Adam,
I've never heard of your company until this morning when I received my SA email alert and saw your Q&A. This interview is quite informative but I want real meat and potatoes about the competitive environment you face.
Can you explain who your main competitors are and what your competitive advantage is?
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Latest | Highest ratedInteractive Q&A: Ted Awerkamp, President and CEO of Mercantile Bancorp [View article]
There seems to be an ongoing trend within the community banking sector towards consolidation through the purchase of competing community banks. A case in point was Sovereign Bank's purchase of Independence Community Bank. As a former account holder at Independence, I've seen the negative impact that their buyout had on my service and I therefore migrated to another bank.
Have you seen account attrition in the banks you've been purchasing? With all the benefits of scale, do you find that your core clients are unhappy or happy with the results of your business strategy? How do you propose to keep the quality of service of a small community bank intact, while incorporating it into your growing organization?
Thank you in advance for your reply.
The Secret to Choosing Chinese Stocks [View article]
Interactive Q&A: Adam Yan, CEO of e-Future Information Technology (EFUT) [View article]
I've never heard of your company until this morning when I received my SA email alert and saw your Q&A. This interview is quite informative but I want real meat and potatoes about the competitive environment you face.
Can you explain who your main competitors are and what your competitive advantage is?
Cheers - Yale