Andy Schornack is a CEO of Flagship Bank and a President of Security Bank and Trust Company.

Flagship Bank - $324 million in total assets

Security Bank and Trust Co. - $713 million in total assets

“I always wanted to be in a position where I’m running my own small medium sized company. I didn’t know it’d be a bank.”

We discuss:

— The story of how they have bought and built two banks from nothing to a Billion $$ in assets

— What do bankers look for when giving loans to SMEs

— Internet banking vs. traditional brick-and-mortar banks

— How bankers think in different situations

Show Notes:

00:00:00 - Where does Andy's ambition come from

00:05:14 - What is the secret souce when it comes to building banks

00:07:00 - Why people don't like bankers

00:09:27 - Bankers are often behind the walls, why Andy builds in public

00:13:22 - You'll be surprised who's watching you

00:13:42 - Winter is coming

00:15:40 - Why most fintech businesses suck

00:19:40 - Banks Andy have bought

00:21:06 - What small biz owners should know about bankers

00:24:18 - How big is the acquisition opportunity of millennials to buy companies

00:26:15 - The story of a shipping company with a debt of $1.3B

00:31:00 - The story of a RE investor with $700 million in debt

00:35:30 - The story of how a true professional creates and maintains relationships with his clients

00:42:27 - What books Andy reads

00:45:55 - Being relentless together with Jeff Bezos

00:52:45 - How to become a CEO of a bank and what would Andy do when staring again today

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This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions.

Santa Misa del jueves 25/9/2025, Iglesia de María Virgen Madre