Jack Milligan, editor-at-large for Bank Director
The year 2011 was probably most notable for all the things that didn’t happen. The U.S. economy didn’t tumble into a double dip recession as some economists once feared, even though growth was modest at best. The long awaited boom in bank mergers didn’t occur either, as many prospective buyers and sellers were held back by a combination of valuation, capital and asset quality issues. And it was a year in which there were markedly fewer bank failures than in previous years—there were 92 failures in 2011 compared to 157 in 2010—as the industry slowly recovered from the Great Recession...
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Jack Milligan is editor-at-large of Bank Director, an information resource for directors and officers of financial companies. You can connect with Jack on LinkedIn or follow @BankDirectorEd on Twitter.