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This profile was last updated on 11/2/15  and contains information from public web pages and contributions from the ZoomInfo community.

Arthur L. Loomis II

Wrong Arthur L. Loomis II?

President

Phone: (518) ***-****  
Email: a***@***.com
Local Address:  Latham , New York , United States
Loomis & Co.
 
Background

Employment History

71 Total References
Web References
"The Long Island marketplace is huge," ...
libn.com, 14 July 2015 [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 ...
libn.com [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
www.mainebankers.com [cached]
Arthur L. Loomis, II (518) 786-0100
Education & Meetings [Senior Management Conference] - NYBA - New York Bankers Association
www.nyba.com, 2 Aug 2012 [cached]
Arthur L. Loomis, President & CEO, Northeast Capital & Advisory
Performance Trends in New York Banks
CCBA Members: Connecticut Community Bankers Association
www.ctcba.com, 29 Aug 2008 [cached]
Arthur Loomis II - President 7 Airport Park Blvd. Latham, NY 12110 (518) 426-0100 Fax:(518) 426-0104
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