These aren't the best days for banks, as reduced profit margins and a credit crunch make it difficult to build capital.
But Tim Crimmins prefers to look at today's financial landscape in its proper contexr, having already endured a real downturn.
"What happened in 1990 and 1991 hadn't been seen since the 1930s, with the number of bank failures, foreclosures, and regulatory orders," said Crimmins, president and CEO of the Bank of Western Massachusetts (BWM). "That really cast a cloud over the industry, and it virtually shut down the credit markets. People had a hard time finding money to finance expansion or even the day-to-day aspects of their businesses."
At that …
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