We empower more people to make decisions. Merger activity will still occur, Stanford thinks, but a change in the way in which transactions are accounted for will affect their number. Some settling out in the industry is on tap. Compass Bank has come to town from Birmingham, Alabama, having acquired Western Bank in 1999. According to president George J. Hall, the Compass customer base is representative of New Mexico as a whole with an added focus on businesses in commercial, residential and industrial development.
Customers get everything from personal interaction to full menus.
Hall says no. Large, medium or small, New Mexico banks are regrouping and repositioning. The customer, it would appear, is the winner. Susan Craig reports frequently for the New Mexico Business Journal. All rights reserved.