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THE VIRTUES OF GROWTH BIGGER IS BETTER (AGAIN) Twenty years ago, the mantra in banking was that “bigger is better” – that size alone was a virtue. The rationale back then will sound familiar to bankers today. “Two years ago I thought we could survive,” said Gerry Cameron, chairman and CEO of U.S. Bancorp when it merged in 1997 with First Bank System. “Then I started to realize how many technology projects we had to delay because we didn’t have enough resources.” No one revered scale more than Hugh McColl, the chairman and CEO of NationsBank at the time. It…

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John Maxfield


John Maxfield is a freelance writer for Bank Director magazine. He was previously the senior banking specialist at The Motley Fool. He regularly writes for Bank Director magazine and BankDirector.com. His work has been syndicated widely to national publications including USA Today, Time and Business Insider, and he’s been a regular guest on CNBC. John has a bachelor’s degree in economics from Lewis & Clark College and a juris doctorate from Southern Methodist University. He’s a licensed attorney in the State of Oregon.

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