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Friday, November 21, 2014

7:15 a.m. - 8:00 a.m.

BREAKFAST BRIEFING: THE FAB FOUR VERSUS THE GREATEST: THEIR FAMED MEETING AS AN EXAMPLE OF COMING SUCCESS IN COMMERCIAL LENDING

William H. Phelan, President & Co-Founder, PAYNET, INC.

Sponsored By:

PayNet, Inc

On February 18, 1964 the Fab Four met the Greatest in Miami Beach. Today this PR event seems obvious as the de facto meeting of artistic and sports figures of that era. At the time, The Beatles were newcomers on their first visit to America and Cassius Clay had not yet won the heavy weight crown. Just as this iconic meeting foreshadowed coming fame for the Beatles and Cassius Clay, the conditions for Commercial & Industrial lending signal a sign of success to come for bankers.

60 months into the current economic expansion, banks face an economy that continues to drag its feet, combined with heightened regulations and stubbornly high operating costs. New competition from alternative sources of credit, like peer to peer and working capital lenders are emerging when the “bull market” in lending is showing its age. Banks are still well positioned to win and serve the lion’s share of the C&I market with their broad reach, cheap access to capital and expertise. The key to success is finding new ways to do banking that are cheaper. 

This presentation will outline the rising credit risks that accompany accelerated economic growth. PayNet’s insights will rely on the largest database of commercial loans on private companies to support results for rising risks.

Note:  Breakfast will be served during the session and attendance will be guaranteed to the first TBD registrants.  You may register at the conference registration counters.

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