Stuck in the Mud or Maybe Just Lazy

I spent the morning reviewing among other things, the general news of the day and wow that was a downer. Maybe someone just needs to pull the light cord on Greece, count to ten and turn it back on and see what may happen. Uuppahh!

Upon looking at the stock market pages I noticed my bank’s share price had dropped below $2 per share.  This shocking observation drove me to perform a quick study of my banks financials and I started connecting some dots. These are the dots that the news and my own observations have been collecting for months now but I have been too slow to piece together.

What I am trying to articulate is that although I love my little bank for all of its conveniences and nice staff, it is little and as such I am uncertain about its future. Talent or at least perceived talent has been observed leaving the building at about the same flow rate as its capital. Upon reviewing recent headlines I discovered that the new bank CEO has come from a previous bank which was absorbed by the FDIC during his watch which begs the question,”why would a board want to hire a banker who’s last command had sunk?”  I suppose everyone needs a second chance but ironically my bank has never been that generous so what gives now?  Is the new CEO an expert on FDIC takeovers and if so, what the hell am I doing with this bank?”

I then reviewed my banks board and concluded that it is fairly diverse but lacking in one area: MERCHANTS!  The banks board has no merchant representation . The board has a retired lawyer, an accountant, an aerospace executive, a commercial real estate investor but no merchant. Ironically, I would bet that it is the merchants steady daily deposits that are keeping our little bank afloat right now because the money flows are most certainly not coming from their commercial real estate customers.

Of course all of these discoveries made my overactive mind wander east and back in time to my ancestral roots in the Ozarks and illuminated old family imagery of a farm, a barn and land lost to an unknown bank desparately attempting to survive at the expense of hard working families.  Imagine a melange of imagery from The Wizard of Oz, The Grapes of Wrath, Its a Wonderful Life and throw in some good old fashioned family photos of people adorned in denim bib jeans, lace up boots posed in front of crappy looking buildings and old cars and well, now you know what I am thinking at the moment. Yikes!

Am I steering my family into the past by ignoring these obvious facts? Sickly enough I looked up real estate in our clans old county in Missouri and proudly presented an image of a farm to my wife. The property had river frontage, new buildings, two wells and new fencing surrounding 45 acres of grass, trees and even some dirt. A deal for sure if you compare it to what I owe on my trusty little mid century traditional plunked down on a generous eight thousand square feet of prime coastal mojave scrub lands.

I can almost see us standing their, posing for the picture. The only true difference between that imaginary photo and the one in my scrap book from 1937 is that I should know better.

My great grandfather didn’t have the benefit of all of the things provided to me by my clan or by our society. He was out their in the dirt with few options but obviously, he did a good job or I wouldn’t be sitting here writing this right now. Thanks Andy!(my namesake)

Andy Killion has just completed his first book entitled “How to Fail in Business, while trying really hard” It will be available in December 2011. and on Facebook.

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