Top financial exec at Cincy CREW bankerfest: ‘We work in an untrusted industry. We have to fix it ourselves.’

Pamela Weber, Senior Vice President at PNC Real Estate Finance

The general concensus from today’s “State of the Industry Bank Panel” at the Cincinnati Hilton Netherland Plaza:

The business of banking is not great, BUT … it is getting better.

Mark Caesar, First Financial

The quote of the day:

“We work in an untrusted industry,” from Pamela Weber, senior vice president at PNC Real Estate Finance.

“A vice chair, a gentleman who is known for being pretty blunt, may have said it best: We work in an untrusted industry. We have to fix it ourselves. We are the ones responsible for cleaning it up,” Weber said.

Weber’s comments were made today at the November monthly luncheon held by Commercial Real Estate Women of Greater Cincinnati (http://www.CREWCincinnati.org).

Weber was joined by colleagues representing Fifth Third Bank, US Bank, First Financial Bank and Park National Bank.

“Some of us played a bigger role than others, but it’s our industry. We are professionals. We have to make our own way out of our own mess,” Weber added.

Kevin Donovan, 5/3 Bank

A crowd of more than 100 professionals enjoyed luncheon and a lively panel discussion moderated by Weber, who did an admirable job as a last-minute stand-in for the original moderator.

Weber was joined on the panel by Mark Caesar, vice president of commercial lending at First Financial Bank.

Caesar was joined on the podium by Kevin Donovan, vice president of commercial real estate at Fifth Third Bank.

Also speaking on the panel was Jay Hyson with Park National Bank.

CREW Greater Cincinnati (CREW GC) would like to extend a major thank-you to sponsors of the program, Multi-State Title Agency and Frost Brown Todd.

Jay Hyson, Park National

Our other CREW GC sponsors must also be recognized:

The Cincinnati Business Courier is a Platinum Sponsor;

Chicago Title, Multi-State Title and Frost Brown Todd are Gold Sponsors;

Silver Sponsors are Ulmer Berne, Cooperative Business Services (CBS) and Woolpert;

– Bronze Sponsors are Al. Neyer Inc., Cincinnati Commercial Contracting, KMK, Neyer Properties, Vorys Sater Seymour and Pease and Northern Kentucky Tri-ED.

Last, but not least, was panelist Karen Dunevant, vice president of commercial real estate at US Bank.

Karen Dunevant, US Bank

Next up for CREW GC:

Don’t miss our ever-popular Holiday Lunch and Sponsorship Appreciation Event, to be held Dec. 7 at McCormick & Schmick’s, at Fifth and Vine streets in Downtown Cincinnati.

Per usual, today’s CREW GC luncheon was covered by our friends in the local media, most notably from The Cincinnati Business Courier and The Cincinnati Enquirer.

Here’s Steve Watkins, financial reporter for The Business Courier, enjoying himself amidst all the money talk.

[The pics of the reporters aren’t as good as those taken by my Canon PowerShot …. I’m using the “Camera Genius” app (maybe not such a genius, after all) on the iPhone, so if anyone has any suggestions, please do:]

Steve Watkins, Cincinnati Business Courier financial reporter.

“Things are picking up, but slowly, when it comes to banks’ commercial real estate lending activity,” Watkins wrote in his report on the Business Courier’s Daily Web Update.

[Watkins’ entire report can be read here:

http://www.bizjournals.com/cincinnati/blog/2010/11/banks-opening-coffers-for-real-estate.html ]

“In fact, that normalization might be happening a little faster than banks are ready to see,” wrote Watkins, referring to quotes from Donovan.

The Federal Reserve’s low interest rates are pushing investors to take on more risk in hard assets, such as real estate,” Watkins wrote.

Alex Coolidge, financial reporter with The Cincinnati Enquirer, spent the luncheon taking notes and debating what story (stories?) the region’s leading daily newspaper might consider covering.

The Enquirer posted Alex’ story just before 6 p.m. …. it can be found at:

[ http://news.cincinnati.com/article/20101109/BIZ01/11100318/1196/NEWS/Commercial-real-estate-lending-up ]

Alex Coolidge, financial reporter with The Cincinnati Enquirer.

And here’s the story Alex wrote for the Wednesday print edition of The Enquirer:

CREW Greater Cincinnati luncheon in The Cincinnati Enquirer - 11.10.10.

Neyer Properties President and owner Dan Neyer was on hand, posing questions about the relationship between Federal Bank Regulators and banking companies.

Dan Neyer, owner and President of Neyer Properties.

Finally …. CREW GC would like to recognize four new members:

Jane Allan with Apex Companies;

Jamie Collier with 4th Street Management;

Cara Hurak with Graydon Head & Ritchey;

Andrea Weare Orlando with Ameridian Specialty Services.

Steve Watkins, from The Business Courier, chats with Stephanie Back from THP Limited and Jane Gray from Hendy Gray Design & Associates.

That’s it for now!

Cheers from all of us at CREW GC to you …. see you in December!

'State of the Industry Bank Panel' - CREW GC luncheon today.

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