63. You're either all in or you're all out — with Will Chase

Triumph Bank was started right before the Financial crisis of 2008 with just a few million dollars and sold for over 130 million dollars. The number of new banks opening around the United States has drastically changed since the 2008 financial crisis, and I wanted to find out why. This episode will give you much more than that and the future of banking.This is a great episode that also covers:
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• What it actually looks like to quit your job at 50 and go all in a start-up bank even when you don’t know if you’ll make it
• How to win in the service industry when big banks keep acquiring market share
• Being 5 million dollars in the hole and working your way out of it after the 2008 financial crisis
• Why it makes no sense to start a bank anymore
• Plus much more!
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Please enjoy this week’s episode with Will Chase!

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Links:

https://money.cnn.com/2015/07/29/investing/dodd-frank-new-banks/#:~:text=Only%20three%20new%20banks%20have,agency%20that%20approves%20new%20banks

‍‍https://www.investopedia.com/articles/economics/09/financial-crisis-review.asp

‍‍https://www.americanbanker.com/news/simmons-first-doubles-up-in-tennessee-with-two-bank-acquisitions#:~:text=The%20%2423.3%20billion%2Dasset%20Simmons,%2C%20Tennessee%2C%20for%20%24146.3%20million