 |
| Photo via Chicago Sun-Times |
The dramatic turnabout for Seaway is highly unusual. “I've never seen a material error that goes in the bank's favor after a turnaround team comes in,” says Paul O'Connor, a locally based 30-plus-year veteran of the banking industry and currently an investment banker for community banks. “I've seen many that go in the opposite direction.”So after having changed the executive team at the bank this past summer and talks of finding new investors or the bank having a loss it turns out Seaway actually made money this year.
Read the article to see how they did it. And check out this graphic lifted directly from Crain's.
No comments:
Post a Comment
PLEASE READ FIRST!!!! Comment Moderating and Anonymous Comment Policy
While anonymous comments are not prohibited we do encourage you to help readers identify you so that other commenters may respond to you. Either read the moderating policy for how or leave an identifier (which could be a nickname for example) at the end of the comment.
Also note that this blog is NOT associated with any public or political officials including Alderman Roderick T. Sawyer!