In an era when bankers are too often vilified as evil or incompetent, it’s worth taking a moment to point out that an awful lot of bankers aren’t that, at all, and instead are great managers, great people, and credits to their communities. One such banker is Ed Garding, CEO of First Interstate Bank, who announced last month he’s retiring from First Interstate after 44 years there.
There’s nothing flashy about Ed—or the bank he runs, for that matter. That’s meant as a compliment: when much of the rest of the banking industry stared into the abyss during the credit crunch, First Interstate barely missed a beat. That’s in large part because of the solid, prudent management culture there that Ed played a large part in molding, and then carried on as CEO. It’s fair to say that if every bank were run as well as First Interstate, there never would have been a crackup in the first place.
Good luck to Ed in retirement. He will be missed. The banking industry is losing one of its most rock-solid citizens.
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