Magazine article The RMA Journal

Profile: Jerry Brandt Is Hooked-On Banking and on RMA Training

Magazine article The RMA Journal

Profile: Jerry Brandt Is Hooked-On Banking and on RMA Training

Article excerpt

Jerry Brandt, principal of Brandt Financial Consultants in River Falls, Wisconsin, can be found in his office or on the road visiting clients, five days a week. His primary clients are banks with assets under $250 million, for whom he conducts commercial loan reviews, assists with staffing, and provides other services. He is also an active member of RMA, currently serving as a Minnesota Committee and Wisconsin Board member.

As a fellow financial services industry professional, you might ask, what's so unusual about Jerry Brandt's life? A hectic schedule such as his is typical for someone involved in banking. There's a catch to this story, though: Brandt is supposed to be retired.

"Well, that's true," he laughs. "But I guess I've been working for so long, I don't know how not to!"

Brandt's banking career dates to 1956, when he worked as a messenger for a commercial bank. He worked his way up the banking ladder at several banks until 1984, when he joined the FDIC Department of Liquidation as a department leader assigned to investigate failed banks.

"I found the transition from banker to regulator interesting," he says. "I could use my banking knowledge as a lender to investigate banks that made loans improperly. I knew what to look for and where, and how to pursue officer liability claims against banks."

In 1988, Brandt left the FDIC as part of the agency's staff-reduction initiative. He worked for a bank until he was rehired by the FDIC in 1989 during the savings and loan crisis. …

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