If You Can't Trust Your Banker Who Can You Trust?

About the Book

Have you ever wondered what goes on behind the scenes in a bank?  This book is about the author’s experiences while he worked in several banks.  He will also share his experiences working for the FDIC assisting with the closing of failed banks and savings & loans during the banking crisis of the 80’s.

He tells about embezzlements in the banking industry.  He also tells about the important job that the Federal Deposit Insurance Corporation (FDIC) played in the closing of over thirty banks and savings & loans throughout the northwest region.  He will describe some of the challenges the FDIC had with the banking industry and share stories of how some of the banks were mismanaged which resulted in failure. 

Do you know how the financial institutions make money and operate?  This book will attempt to explain the inside operations of the banking industry.  You will have more of an insight into how and why some of your bankers make the decisions that affect you as a customer. 

What do you know about the FDIC?  This book will clarify the role of the FDIC and the challenges they face supervising the banking industry. 

Current economic concerns are bringing the banking industry back into the headlines.  This book may help you understand some these concerns and how the actions by the Federal Reserve Bank may help in their attempts to work with the industry. 

About the Author

Jerry Brandt began his career in banking when he graduated from high school.  His first job was as a bank messenger.  This began a fifty year lesson in banking and working with people.  Throughout his career he has worked in several banks. He experienced first hand the different roles of a banker.  He worked in every department of a bank such as bookkeeper, teller, loan officer in consumer loans, real estate loans and commercials loans, investment officer, cashier, vice president, and eventually chief executive officer (CEO) and on a board of directors.

He has been an instructor of several banking courses for bank employees.  He assisted in instructing a course on how to investigate a failed bank for the FDIC in Washington DC.  He has completed many courses on accounting, management, economics and bank audit.

After working over 27 years in the banking field, he accepted a position with the FDIC.  His first job was as an investigator for the FDIC Department of Liquidation (DOL).  This required travel to over five states to investigate failed banks.  During these investigations, he was responsible for suits against bankers by pursuing prosecution for Bond Claims on discovered fraud.  He cooperated with the FBI on some of those cases.  He also filed claims on Director and Officer liability in many institutions. 

The FDIC position lead to a new position managing failed savings & loans for the Resolution Trust Corporation (RTC) which covered a ten state area. He was given the responsibility of managing the failed institutions replacing the president and board of directors.  

 Many of the S & L’s had over $300 million dollars up to five billion dollars in assets and 300 employees up to 3,500 employees.  In the 80”s he worked in over 16 closed banks and 18 failed savings & loans in the nation.  He worked for the FDIC/RTC in many roles for over an eight year period of time.  He has worked for Farmers Home Administration, Farm Credit Association and a major accounting firm.  He currently works as a bank consultant.