Driven By with Sam Coates

My guest today is Will Chase. Will is the former CEO of Triumph Bank.  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: 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! Please enjoy this week’s episode with Will Chase! 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.

Show Notes

My guest today is Will Chase. Will is the former CEO of Triumph Bank.  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:

  • 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!

Please enjoy this week’s episode with Will Chase! 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.

What is Driven By with Sam Coates?

Sharing experiences, insights, and the drivers behind why my guests have built what they have built and how this applies to what drives you.