Banking Rotation
Banking Business!
Parkside functions as a commercial bank that obtains funds from depositors and lends those funds to commercial borrowers. Parkside is passionate about delivering a banking service that goes above and beyond and that emphasizes high-touch customer service and direct access to decision-makers, creating long-term, uncommon partnerships.
Projects/Activities
Loan Committee Meetings
Criticized Asset Committee
Search Fund 101
Financial Spreading in LoanVantage
Company Credit Analysis
Loan Renewal Process
Loan Reviews
Andrew and Lexi hard at work after an exciting discussion of A Random Walk Down Wall Street
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It’s difficult to end the banking rotation, because I feel like I’m just scratching the surface in terms of banking knowledge, although I’ve learned so much over these three weeks. My favorite aspects of the banking rotation were the mentorship and responsibility I was given from the first day. After only a couple days of training, I was able to contribute important analysis to loans that my mentor, Matt, was working on. Eventually, I took a leading role in loan renewals that were then brought to the loan committee. The work was definitely rewarding when I could see a deal that I worked on pass through the loan committee. Near the end of the rotation, Caitlin and I were able to see new types of deals such as debt financing for private equity acquisitions. Every day in this rotation was full of excitement as we had the privilege of sitting on the banking floor for the three weeks, experiencing the lively and collaborative culture.
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The three weeks that Evan and I spent on the commercial banking rotation were full of educational and hands-on learning experiences. I came into this internship fairly confident that I was more interested in the wealth management side of Parkside, but the banking rotation has encouraged me to reconsider. I was pleasantly surprised to witness the collaboration and encouragement within the bank, and specifically within my mentorship. I was thrilled to have the privilege of sitting down on the second floor with all of the other bankers, listening and being part of the constant hustle and bustle on the banking floor. My favorite part of the banking rotation was the internal or executive loan committee that occurred every week because the discussion about whether the loan would be approved highlighted the advantages and disadvantages of said loan.
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I had a great experience in the banking rotation—I started this internship more interested in the banking side and I would say that my interest has been strengthened over these past three weeks. I particularly liked how involved I was in the loan process; as soon as we started the rotation we were introduced to financial spreads, loan reviews & renewals, and presentation write-ups. Kyle was my mentor and did an excellent job of explaining each of these processes and answering any questions I had. It also was very helpful sitting down on the second floor with the bank side since we could freely interact with the rest of the bankers, whether it was asking questions or socializing. I would say that the most enjoyable part of this rotation was getting to understand and learn more about the companies that we were lending to, particularly through the senior lenders who were more than happy to speak with me about their clients. Overall, I found this rotation to be the perfect mix of educational and enjoyable, and most of the credit goes to Kyle and the rest of the banking team.
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In the banking rotation I enjoyed learning about lending, and I shadowed Matt to learn how to complete tasks like he would as a credit analyst. In my three weeks on the bank side, I completed financial spreads, updated loan renewals, and even got to make a couple of calls to clients. Tuesday mornings were filled with Loan Committee meetings which helped me understand the processes that the bank takes for renewals and new loans. I enjoyed listening to the analysts present on each company and already being familiar with some of the companies. Sitting on the second floor had a positive impact on my learning as I was surrounded by lenders, I felt that I was better at absorbing the information. Witnessing the collaborative environment on the second floor seemed to align well with the culture at Parkside. I am thankful to Matt for allowing me to get a glance into the work of an analyst.
