The Future Of Banking

BANKS MUST BE FREE--AND WILLING--TO CHANGE, OR THEY MAY DIE

Want a revealing glimpse at the future of banking in America? Consider the tale of Stephen D. Nygren. In 1973, the Atlanta businessman and a partner scraped together their savings, got a $25,000 loan from Trust Co. of Atlanta, and started the Pleasant Peasant, a trendy eatery. The new business was a smash. But cautious local banks refused to finance expansion beyond the first two locations. "We had to find a way around the tyranny of the banks," Nygren recalls.

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