Is your bank going through a transition? In today’s fast-paced business environment, change in the banking industry is increasingly common. Mergers, acquisitions, reorganizations, and even market departures can all impact your banking relationship—and your business.
Trey Cunningham, president of the Kansas City Market for Midwest BankCentre, shares a few key things to keep in mind to avoid disruption.
Key Takeaways:
- Ask About Credit Culture
- Transitions may bring shifts in how credit decisions are made.
- Understand whether lending standards or approval processes are changing.
- Clarify Decision-Making
- Find out who is making decisions that affect your business.
- Ensure you still have access to the right people at the right time.
- Know Who Manages Your Account
- Relationships can shift quickly during transitions.
- Confirm who your dedicated banker or relationship manager will be.
- Alignment is Critical
- The most important factor is whether your goals and needs still align with your bank’s direction.
- If they don’t, it may be time to explore other options.
At Midwest BankCentre, we believe in stable, relationship-focused banking. If you’re experiencing uncertainty with your current institution, our team is here to provide the clarity and support your business needs. Visit us online, stop by a branch, or give us a call to learn more.