The New Old Bank

As Wall Street's seismic shift goes on, private equity waits to get its crack at banks

October 6, 2008

A large number of commercial banks failed in the late 1980s as borrowers caught in regional downturns couldn't repay debts. The chaos in financial services now, though, represents an opportunity to invest in what Manuel Mehos, chairman of Green Bancorp, believes will be a 'golden age in banking.' He may not be alone in his thinking. US commercial banks offering traditional checking and savings accounts, small business credit lines and plain vanilla investment products like certificates of deposit may attract much broader private equity fund interest than in years past.

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