I do business with the local bank, but some have been enticed to go to Agstar and i can`t think of the other 2 in the proposed merger. It`ll reduce competition for sure. Don`t know about some of these but i wonder if they don`t cater more to the higher leveraged, higher roller type borrowers?
My local banker is more on my side and would lock up the brakes if I got too wild...which is a great thing to have another set of eyes as an extra fail safe before one would do something stupid. Perhaps the Agstars have the same conservative loan officers as local banks, it`s just you get the idea that they`ll give you poker chips so long as there`s collateral in the pile.
