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Mr. Arthur L. Loomis II


Loomis & Co.

Direct Phone: (518) ***-****       

Email: a***@***.com

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Loomis & Co.

Background Information

Employment History


Northeast Capital & Advisory Inc


Loomis & Co.


B.A. Degree

Cornell University

M.B.A. degree

Cornell University

Web References (74 Total References)

Affiliate Members - Maine Bankers Association [cached]

Arthur L. Loomis, II (518) 786-0100

"The Long Island marketplace is huge," ... [cached]

"The Long Island marketplace is huge," said Art Loomis, president of Loomis & Co. in Latham, N.Y. "I think they will definitely be a factor in terms of market competition.

It's run by Jay Sidhu," Loomis said.
"He has a lot of sophisticated institutional money following him," Loomis said.
"He's a very astute marketing person," Loomis said. "He's very creative in figuring out things that your typical depositor or customer will want."
Customers pays interest slightly under 1 percent on certificates of deposits and as much as 1.33 percent on federal home loan debt or money borrowed from the Federal Reserve.
"It's going to heat things up on the Island in terms of additional activity on the deposit side and the loan side of the house," Loomis said.
Customers has about $6.1 billion in outstanding loans, including about 14 percent to small businesses. If the bank's presence could mean opportunity for borrowers, it also could lead to deals for local banks.
"He's done a very good job with acquisitions," Loomis said.

"If you want to develop commercial ... [cached]

"If you want to develop commercial lending activity, it's not really necessary to have branch distribution that was once thought necessary," said Arthur Loomis, president of Latham-based bank consulting firm Loomis & Co.

That's not to say all branches will soon be gone. Despite emerging remote-capture technologies, it's still helpful for companies to be able deposit checks at nearby branches, Loomis said.
But "banks are being forced to confront situations where it's a luxury to have people and branches," Loomis said, and if foot traffic continues to decline, they may be "better cutting hours, consolidating branches or reducing the head count."

Contacts [cached]

Arthur L. Loomis, II (518) 786-0100

About North East Capital & Advisory, Inc. [cached]

Arthur Loomis, II

Arthur L. Loomis, II President phone 518-426-0100 Ext.111
Prior to founding Northeast Capital & Advisory, Inc., and its parent company, Loomis & Co. in 1992, Mr. Loomis was the head of the Financial Institutions Group at First Albany, and had progressive levels of responsibility as a Vice President of Lyons, Zomback & Ostrowski, Inc., an Associate Vice President of Ryan, Beck & Co., and an Associate at Warburg, Paribas, Becker. At all these firms, he was responsible for corporate finance activities for financial institutions. Over the past twenty-five years, he has initiated and been involved in all phases of mergers and acquisitions, underwritings, placements, and branch transactions. Additionally, he had extensive commercial banking experience at Banc One Corporation.
Mr. Loomis received his B.A. and M.B.A. degrees from Cornell University. He has lectured at Cornell, made frequent presentations at various banking seminars and national conventions, and is regularly quoted in such periodicals as The American Banker, The Bank Director, and U.S. Banker.

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