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You're either all in or you're all out — with Will Chase
Manage episode 322962433 series 3252541
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My guest today is Will Chase. Will is the former CEO of Triumph Bank. Triumph Bank was started right before the Financial crisis of 2008 with just a few million dollars and sold for over 130 million dollars. The number of new banks opening around the United States has drastically changed since the 2008 financial crisis, and I wanted to find out why. This episode will give you much more than that and the future of banking. This is a great episode that also covers:
- What it actually looks like to quit your job at 50 and go all in a start-up bank even when you don’t know if you’ll make it
- How to win in the service industry when big banks keep acquiring market share
- Being 5 million dollars in the hole and working your way out of it after the 2008 financial crisis
- Why it makes no sense to start a bank anymore
- Plus much more!
Please enjoy this week’s episode with Will Chase! Links:
https://money.cnn.com/2015/07/29/investing/dodd-frank-new-banks/#:~:text=Only%20three%20new%20banks%20have,agency%20that%20approves%20new%20banks https://www.investopedia.com/articles/economics/09/financial-crisis-review.asp https://www.americanbanker.com/news/simmons-first-doubles-up-in-tennessee-with-two-bank-acquisitions#:~:text=The%20%2423.3%20billion%2Dasset%20Simmons,%2C%20Tennessee%2C%20for%20%24146.3%20million.
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