Volatility in the financial markets is nothing new.
I’ve spent almost 30 years in banking, witnessing several recessions, economic cycles, and banking crises. I understand how important it is to navigate through times like these for our customers and for our communities. And by all measures, 2023 was another extraordinary year.
Not just in the challenges we faced but in the way our economy remained resilient in the face of uncertainty. For instance, this past year the banking industry was turned on its head as we faced the largest banking crisis in more than a decade. Our economy continued to shift under the weight of an inverted yield curve, recessionary fears, inflationary pressures, wavering consumer confidence, and slowing demand. We have been plagued with partisan political infighting as a country and the growing fears of global instability amidst wars in Europe and turmoil in…
