due to massive exodus of all the good RMs, the bad ones left are all getting raises!
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NC, TN... a couple of other markets. Ask around and you'll confirm it.
And you know this how?
Banking at the business level is about relationships. Bill and his gang of merry thieves don’t care about small and medium businesses. They spout all this community care and purpose nonsense and it’s become a joke. The real bankers have left the building and the good bench warmers are gone also. Leshner can’t even get the good Wells bankers to come over. Huntington just added an old school eastern NC Wells banker as they continue to build out their Carolinas footprint. Only a matter of time before they buy an Atlantic Union or like small bank and have branches in the Carolinas that will continue ki-ling the SunTruist brand.
So many good RM’s in CCB are gone (or working servicing roles) that it’s truly unreal.
I remember when I started we were trying to ‘right size’ the portfolios and make them smaller. Now in a lot of cases these leftover RM’s have had to take on double or triple the book. Mess.
Those in the “know” know how to play the game at Truist…….
Raising their pay isn’t going to help retain clients who have been leaving in droves. It’s about the customers stupid! This is an attempt to show they care and we all know they don’t.