Preview

Case Analysis of First National Bank

Powerful Essays
Open Document
Open Document
1456 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Case Analysis of First National Bank
First National Bank | A Case Study “If we don't change, we don't grow. If we don't grow, we aren't really living.” -Gail Sheehy | Amil, Paula BiancaIsidoro, Joanna MarieRojas, RobertSampang, Makrene LaraSeptember 17, 2010Prof. Aliza Racelis |

-------------------------------------------------
EXECUTIVE SUMMARY

-------------------------------------------------
Point of View: Sammy Viray, New FNB President

-------------------------------------------------

-------------------------------------------------
Background Information
Sammy Viray and his assessment of the bank * In June 3, 1993, Sammy Viray reported to First National Bank (FNB) as its new president. * Studied in one of the prestigious Ivy League schools in the US and rose to become an influential bank officer at Citibank, a multinational bank, in the ‘80s and the president of a government bank prior to joining FNB. * After weeks of observation, he thought that the bank needs a “major surgery”. He made a list of what should be accomplished within his first year as president: * Modernization of operations through computerization making all branch operations “on-line.” * Branches and departments should have financial targets. * Human Resources Development programs were needed. * New products and services had to be introduced. * More branches should be opened. * He was convinced that FNB should not waste time because of the liberization of the banking industry. * He thought that younger employees seemed to be more aggressive and capable of coping with his vision.
The Bank * First National Bank has been in business for 30 years. * It has 50 branches as of 1993. * It has a foreign partner with 40% interest on FNB’s stocks. * Sixty percent of FNB’s stocks is held by a single family who dominates he management policies at the Board level. * Because the former president was Chinese, majority of the bank’s business

You May Also Find These Documents Helpful

  • Satisfactory Essays

    Boubyan Bank Case Study

    • 533 Words
    • 3 Pages

    Boubyan Bank was established in 2004 by Ameri decree. It was the first Islamic bank after KFH who was monopolized the Islamic banking market for more than 25 years. This was a big challenge for Boubyan to show its ability to compete. At the beginning Boubyan show some good performance compared to the size of the bank and the limited experience, at this stage Boubyan did not use any information system technology to support the sales strategy and everything was done manually.…

    • 533 Words
    • 3 Pages
    Satisfactory Essays
  • Satisfactory Essays

    1. What are the core business processes1 (i.e. high level; major business and financial services) performed at Bank of America as part of its product and service offerings?…

    • 459 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    “When we are no longer able to change a situation, we are challenged to change ourselves.” By Victor Frankl…

    • 1710 Words
    • 7 Pages
    Good Essays
  • Better Essays

    The Boat Nam Le

    • 1409 Words
    • 6 Pages

    “Change is part of the human condition and affects myself, others and the world in diverse and complex ways.”…

    • 1409 Words
    • 6 Pages
    Better Essays
  • Powerful Essays

    [ 22 ]. Edward Kaplan. The Bank of the United States and the American Economy. (West Port, CT: Greenwood Press, 1999 ) 29…

    • 4255 Words
    • 18 Pages
    Powerful Essays
  • Better Essays

    Belmont State Bank, with their current computer system is virtually wide open for an attack from external or internal sources because of their password requirements. That is the first thing that jumped out when reading the scenario. This is probably the easiest type of password there is to crack. And if not the easiest, it is certainly one of the easiest. It would probably take less than one minute for even an inexperienced hacker to crack a four (4) digit numeric password. Belmont State Bank should require at least a 6 to 8 digit password containing upper-case and lower-case letters, at least 1 number, and at least 1 special character. (Vanin, 2012)…

    • 1747 Words
    • 7 Pages
    Better Essays
  • Satisfactory Essays

    Todd Lubar Research Paper

    • 297 Words
    • 2 Pages

    He was Legacy Financial group until 2005 when he decided once again to move forward and accept a job as Senior Vice President with Carter Funding which is a division of First Magnus Financial Corp based out of Arizona, he held that position until August of 2007.…

    • 297 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    The Canadian National Bank is a case involving employee grievances and ethical issues. On February 26, 1997, Lesley Mahon was shocked and upset about the serious allegation complained formally by her subordinate—Pam Stewart to the "National Committee for Employee Concerns"(NCEC). She was wondering if there was any action to take to solve the problem. This situation was a breakout of their conflicts in a long period. The main two causes of the issues were Lesley’s leadership and Pam’s obstinacy. There were different kinds of actions that Lesley could take, and finally she should talk to her subordinate to analysis and understand the motivation and behavior of a difficult employee to solve the problem thoroughly, and at the same time learn experience from this crisis.…

    • 1067 Words
    • 5 Pages
    Good Essays
  • Powerful Essays

    In the United States, we continue to enjoy the longest economic expansion in our nation’s history, and, following passage of financial modernization legislation, banks and other financial institutions now enjoy unprecedented strategic opportunities.…

    • 6118 Words
    • 25 Pages
    Powerful Essays
  • Good Essays

    Holes Quote Analysis

    • 674 Words
    • 3 Pages

    “Growth is painful. Change is painful. But nothing is more painful than staying stuck somewhere you don’t belong.” -Mandy Hale…

    • 674 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Century National Bank has offices in several cities in the Midwest and the southeastern part of the United States. Mr. Dan Selig, president and CEO, would like to know the characteristics of his checking account customer. To better understand the customers, Mr. Selig asked Ms. Wendy Lamberg, director of planning, to select a sample of customers and prepare a report. To begin, she has appointed a team from her staff and the team has selected a random sample of 60 customers. All the information gathered is tabulated in the table below:…

    • 2139 Words
    • 9 Pages
    Powerful Essays
  • Good Essays

    To: BCOM Classmates From: Helen Le Date: September 27, 2017 Subject: Informational Interview Memo One of the easiest way to learn about a subject in your field is to ask the people who are already in it. For this informational interview I interviewed Andrew Rodriguez at Wells Fargo Bank in Norcross.…

    • 1065 Words
    • 5 Pages
    Good Essays
  • Good Essays

    This act completely restructured America’s banking system by separating commercial and investment banks. This was crucial because at the time banks were using people’s money to invest in the stock market, and that is what caused over five thousand banks to fail during the Great Depression. The commercial banks were now for individual deposits and loans and investment banks were for sophisticated financial products for big U.S. corporations. One of the most important ideals that transpired from the Banking Act of 1933 was the idea of the Federal Deposit Insurance Cooperation…

    • 533 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    * Chase-“Led by David Rockefeller during the 1970s and the 1980s, Chase Manhattan emerged as one of the largest and most prestigious banking concerns, with leadership positions in syndicated lending, treasury and securities services, credit cards, mortgages, and retail financial services. Weakened by the real estate collapse in the early 1990s, it was acquired by Chemical Bank in 1996 retaining the prominent Chase name. Prior to its notable merger with J.P. Morgan & Co., the new Chase expanded the investment and asset management groups through two acquisitions. In 1999, it…

    • 1250 Words
    • 5 Pages
    Powerful Essays
  • Better Essays

    "Change has a bad reputation in our society. But it isn't all bad — not by any means. In fact, change is necessary in life — to keep us moving ... to keep us growing ... to keep us interested . ... Imagine life without change. It would be static ... boring ... dull."…

    • 1051 Words
    • 5 Pages
    Better Essays