More bankers are now prepared when layoffs come

Bankers have become better prepared in finding employment alternatives after being laid off from banks which have been acquired. The majority of bankers eventually find jobs in other banks or in related areas, such as insurance, brokerage houses, mortgage companies, or some other financial service. The length of time to finding new employment has also shortened from 17 weeks to 14 weeks, according to a report by Manchester Partners International.
It didn't take Brent Thompson very long to decide what he wanted to do when he learned his Wichita, Kan., bank was being taken over. He decided to join the [...]