August 19, 2013
Greg Edwards Reporter- St. Louis Business Journal
Last week’s Federal Reserve Bank of St. Louis report on second-quarter results at 85 local banks was concrete evidence of continuing improvement in the banking industry, but I’m also hearing a lot more optimism in the words of bankers I talk with.
Here are snippets of what I’ve heard:
“The trends are improving” — Bob Stroh, chairman, chief executive and CFO of Tempo Bank in Trenton, Ill.
“Commercial loan proposals are starting to return” — Larry Ziglar, president, First National Bank in Staunton, Ill.
The 85 banks reported 18 percent higher profits in the first half of the year, to a combined $245 million from $208 million in the first half last year.
“It’s pretty much a good news story,” said Julie Stackhouse, senior vice president at the St. Louis Fed.