Ten years ago, the economy was thriving, jobs were plentiful and people were buying houses left and right. Banks were powerful entities in the loan empire. The number of banks available to choose from was numerous, and people loved the choices and low interest rates.
Now, our economy is struggling, jobs are lost and people are losing homes left and right. Banks are losing money and many are closing. So what is a bank to do in order to reclaim its rightful place in the loan industry? It merges with another bank- two banks are better than one…right?