The business of banking has changed dramatically since the beginning of our new century. Competition for both CRE and C&I loans has intensified. Non-bank firms have introduced technology to enhance application timing and workflow. New risk management tools are available to better manage the debtor/creditor relationship. All in all, the landscape we see as we enter 2017 is dramatically different from what many of us ever experienced in the 1980s, 1990s, or even the 2000s.
While there is no way to predict economic activity during the coming year, we can say that the following seven trends will almost certainly continue: