Monday, November 12, 2012

Patty DeDominic talks about Bankers, Investment Banks and Community Banks

Community Banker, Private Banker or  Investment Banker?

Who are you?

What is your next career step?   Which of these important jobs feels right for you?

Do you prefer solving the puzzles of entrepreneurial businesses?  The millions of America's small businesses have been acknowledged as an important aspect of our economic backbone and a driving force of the American economy.  Do you enjoy helping people at the community level or are you more strategic in your thinking?  Would you prefer to raise capital by underwriting or acting as the client's agent in big deals and the issuance of securities?  Which is more like you: hands on, or behind the scenes; taking deposits of thousands and lending hundreds of thousands at a time, or financing cities, universities or fire departments with multi million-dollar bonds? 

There is such a huge difference in these jobs that is a wonder that they both are called bankers!

Wikipedia says "A community bank is a depository institution that is typically locally owned and operated. Community banks tend to focus on the needs of the businesses and families where the bank holds branches and offices. Lending decisions are made by people who understand the local needs of families, businesses and farmers. Employees often reside within the communities they serve.

In the United States, community banks are defined as independent banks and savings institutions
 holding companies with aggregate assets less than $1 billion.[1] From 1985 to 2004 they comprised
 94% of all banks in the United States, but the proportion of expanding total national deposits that
 the Community Banks held declined from about 25.89% of all U.S. deposits
 in 1985 to 13.55% of the U.S. deposits in 2003.[1][2][3]"

According to Wiki Pedia 
Investment Banks 

An investment bank is a financial institution that assists individuals, corporations and governments in
raising capital by underwriting and/or acting as the client's agent in the issuance of securities.

 An investment bank may also assist companies involved in mergers and acquisitions, and provide
 ancillary services such as market making, trading of derivatives, fixed income instruments,

Unlike commercial banks and retail banks, investment banks do not take deposits. 

Would you like to become an Investment Banker?
 An adviser who provides investment banking services in the United States must be a 
licensed broker-dealer and subject to Securities & Exchange Commission (SEC) and
 Financial Industry Regulatory Authority (FINRA) regulation.[1]  "

If you are interested in furthering your banking career in any of these areas or if you are a employer or
recruiter looking for top talent, please write to me at  or call Monday - Friday
for a free 25 minute consultation.   805 453 7490

Learn more about careers in banking at  

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