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Bankers would like to find a few more commercial lenders

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Commercial lenders are in short supply, according to 43 percent of the bank executives and board members who responded to Bank Director’s 2016 Compensation Survey. The results point to a troublesome shortage of the people who help drive the bulk of the banking industry’s revenue. Commercial loans accounted for 38 percent of all loans made by commercial banks and savings institutions in the second half of 2015, according to the Federal Deposit Insurance Corp. Forty percent of survey respondents indicate that recruiting commercial lenders is a top challenge for 2016, and it’s a position many banks are desperate to fill: Forty-three percent are willing to pay highly for talented commercial lenders. Read more