And so it begins. Bank Director’s annual Acquire or Be Acquired (#AOBA13) conference, which is widely regarded as the financial industry’s premier M&A event. This year the event is located at the breathtaking Phoenician Resort in Scottsdale Arizona. With over 600 bankers in attendance, I can now see why this has been one of the only things talked about at the office for months now. At the moment I am slightly overwhelmed at the overall magnitude of the event, but I am very eager to get my very first AOBA under my belt.
Because of my travel arrangements, the first session I was able to sit in on was the Keynote address by Ray Davis, President & CEO, Umpqua Holdings Corporation. This Portland, Oregon based bank is redefining the industry with their truly unique way of offering financial services to their customers. While they offer all of classic banking services, Ray Davis also revealed to us today that you can also walk in and see a yoga class, or the local bowling team meeting there. Personally, I think this is such an interesting concept. Umpqua makes the effort to truly reach the community they are in. In the long run, I truly believe this will make a huge difference for them.
Here are a couple quotes from Ray Davis:
- Size has nothing to do w/ remaining a community bank. It’s a state of mind & the self-discipline to stay the course.
- Growth Strategy: Invest, Create, Expand.
- Don’t wait. Laggers will be losers.
- Technology – How does it enhance customer experience?
There were many great presenters today, and it is safe to say that Acquire or be Acquired is well underway! That’s it for now, stay tuned to see what the rest of the conference has to offer!