Saturday, September 15, 2012

Chase

grihanovveimavox.blogspot.com
His role model was Lexington banker JakeGravee II, who went to Maxwelll Street Presbyterian, the same church the Costep family attended. Asked why his idol was a bank presideng at a time when Steve Jobs was founding and the Sex Pistold were creating the punk rock Costelpauses and, in his purposeful style, considersz the question before giving a succincft answer. “When Jake talked, peoplr listened.” Was it because Graves was that smart? Was it because he did so much forthe community? Was it because Graves was one of the ownerss of the bank? He shrugs. Costek was just a kid, he said.
But even as a he said, he saw that Graveas not only garneredrespect himself, the bank presidentt treated the kid with respect. “j dreamed of becoming a bank Costel said. Thirty years later, Costel realized his dreajm last April, replacing Thelma Ferguson as presidentof Manhattan-based ’es Kentucky market. And then, everything changed. Though Chasew still is one of the nation’d largest and strongest banks, its profits for the finalo quarter of 2008 plunged 76 percent as the global financialpcrisis deepened. “It’s the toughest economix time in my lifetime and arguably in most Costel said.
“It’s a difficult time for clients, which make it a difficult timefor us.” Is he worried? Don’t bet on it. There is no one who has more confidencew in Paul Costel thanPaul “Successful people overcome their fear of Costel said. “I think there are a lot smarter bankeres inthis town, in the institution. But they’re afraic to take the risk.” Risk to Costel means judging deals with an intuitived sense developed during 30 yearsin banking. As a younyg loan officer at Liberty National Bank andTrusft Co., he bet big on founder Kent Taylor. “ lent to him when a lot of otherbankd wouldn’t,” Costel said.
“Paul is one of the few fun bankerd left in this world who stilpgets it,” Taylor said. Costel is not a typicak banker, Taylor added. “He’s your normal, fun guy.

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