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WWHGD Partner, Stephen Walsh, Quoted in Birmingham Business Journal Article

Industry-Wide Forces Cut Into Local Banking Workforce

Birmingham Business Journal
February 3, 2022

Weinberg Wheeler Hudgins Gunn & Dial Partner Stephen Walsh was recently quoted in a Birmingham Business Journal article entitled "Industry-Wide Forces Cut Into Local Banking Workforce." Walsh said the increasing number of mergers and acquisitions in banking, especially for midsize banks, has been driven by an industry-wide focus on compliance.

“They’re not going to have as robust of a compliance department as the large banks do. So I think that is one of the things that’s driving some M&A activity,” he said.

Walsh went on to credit Birmingham’s strong banking culture and the efforts of many local banks to forge and maintain strong customer relationships.

“The relationship is critical, but so is the technology,” he said. “Banks need to really be focusing on both fronts, and they are.”

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