There will always be an opportunity for boutique banks, based on the number of new ones starting up all the time. It does not mean boutique banks will go out of existence.
More Quotes from John Carusone:
As a bicoastal wealth management bank, First Republic needs to be in the Northeast and, of course, Fairfield County. Last month's acquisition of First Signature Bank positions them in the important markets of Boston and greater Greenwich. Still, they're going to have tough competition. These markets attract the best and the brightest in private banking.John Carusone
The organizers of this bank are sophisticated, so they have a higher probability of success than most.
John Carusone
Investing in a startup community bank can be a very good investment if you are patient, because the pay off is years away.
John Carusone
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Now about those ghosts. I'm sure they're here and I'm not half so alarmed at meeting up with any of them as I am at having to meet the live nuts I have to see every day.
Bess Truman
There is only one optimist. He has been here since man has been on this earth, and that is man himself. If we hadn't had such a magnificent optimism to carry us through all these things, we wouldn't be here. We have survived it on our optimism.
Edward Steichen
The fewer the facts, the stronger the opinion.
Arnold H. Glasow