Peoples Bank Case

Peoples Bank acquired Washington National Bank (WNB) both out of necessity and possibility; this acquisition will help Peoples’ expand its business into Pennsylvania and other states, thereby transforming the company from a small bank into a medium-sized bank. In this highly competitive industry, Peoples’ must continue to grow as not to be acquired by another, larger firm. With WNB, the bank gains geographic expansion, valuable managerial experience, and front-line employees, reinforcing Peoples’ services in more communities and enhancing customer satisfaction and retention, which is consistent with Peoples’ goal of building a client-oriented, community-friendly bank. Peoples Bank needs to make effective choices during the expansion process and …show more content…
In the hiring decision process, with consideration of development and prestige, Carl Abernathy is regarded as the best option for the company. The first candidate, Pamela Putnam, has accumulated abundant experience in commercial accounts and treasury management during her career, but she lacks the experience and skills necessary to maintain managerial efficiency as Peoples continues to grow. The second candidate, Vivian O’Brien, has strong leadership skills and relationships with employees at WNB, but she may be unable to replicate previous success in a new environment because of her absolute authority and rigid assessment of employees, which is incompatible with Peoples’ laid back culture. The preferred candidate, Carl Abernathy, possesses experience in commercial, retail, and insurance sectors. In addition, Carl is highly adaptive due to his extensive experience in mid-sized banks, variety of management cultures, familiarity with WNB and its market, and mild standard of dismissal. For the same reason, Carl can be expected to help the transition process, stimulate potential, and maintain a harmonious work