The latest revelations about foreclosure documents is one more indication of the "quality" of bank management, throughout the industry. In the old days managers were trained and often started out in the collection department, so that they would learn how difficult it is to collect a bad loan (BEFORE they were given lending authority).
First Union was a lousy bank, but they didnt take prisoners when they bought a bank and STI should have adopted that same policy.
SunTrust is filled with some of the worst the NCF and Crestar had to offer.
But Phil was willing to give up a LOT to merge with the OLD Wachovia(they stabbed him the back). So there is no telling what he gave up to merge with Crestar.
I didnt know of any women who went from the ATL bank to an affiliate.
I think she is a big liar.
BTW, our stupid little affliate always beat out the Atlanta bank in ROA and ROE.
Amazing since we were so stupid.
Our trails have crossed many times. I am enjoying retirement and hope you are. I have mixed emotions about the Sun merger but the way the Crestar merger was handled was one of if not the worse thing SunTrust ever did. And Shareholders will pay for a long time on the decision to make Richmond the headquarters for Mortgage Lending while leaving the Crestar management in place.
Have a good day.
I am sure we knew each other and had great respect for each....I never said I was an expert...I just spoke the truth about Sun and Crestar...hope you are enjoying your retirement..
Being there 50 years does not make you the expert. Matter of fact you were there about 30 years to many. This is about the numbe of years you were riding the gravy train. You get set in your ways and start believing that what you think is correct. It is none of your business where I was at in Atlanta or the affiliates, also I spent time in some of the subsidaries. By the way turn you caps off if you know how.