Talent Selection & Recruiting: Indiana Banks

The banking job market has been hit hard.  There's no denying that.  But, there is a sense growing out there, as oneIndiana Chief Credit Officer told me yesterday, that if Washington would make a decision on the bailout package and the value of depressed assets, the capital markets will come back quickly and there could be new jobs created to clean up the mess.  Right now, jobs posted on Indiana Banker seem to be at an all time low.

We've learned that some private equity firms are getting an early look at some of the troubled loan portfolios the government has to help determine the value of these assets.  And, experienced bankers are convinced that with the right level of scrutiny there is money to be made in managing these troubled portfolios.  The question is what price will have to be paid for them and when?  

Will this create a boon for executive recruiting in banking and development of massive talent selection strategies forIndiana banks?  Probably not.  But, it could create the need for some specialized custom recruiting services in theprivate equity community.  Stay tuned....