In The News: 2009

Here are some articles that Jim Jones has either authored or been quoted in.

First Wellesley Launches New Blog and Web Site - "Twice Focused with Jim Jones"
Wellesley Hills|June, 2009

Wellesley Hills, MA, June 2009 — First Wellesley announces the launch of the “Twice Focused with Jim Jones” blog. The blog’s purpose will be to explore current banking and mortgage developments with its readers. Blog topics will range from “On the Road” commentary, examples of creative and, at times, controversial financial service strategies and other relevant observations. Readers will be encouraged to provide feedback on each story. Please click the link above to view the blog.

First Wellesley has also recently launched its completely redesigned Web site. The site, designed by Alan Coon Design, with offices in New York, Oslo and Buenos Aires, delivered enhanced content, streamlined navigation and new graphics. Alan Coon Design, who also created First Wellesley’s new logo, has completed projects for JP Morgan Chase, New York Life, Deutsche Bank, Apple and other noteworthy clients.

Feasting on Goliaths
Laura Schreier, Banker & Tradesman, |January 26, 2009

The past week or so has brought a further slew of dark headlines for these banking Goliaths, who have had to focus more on damage control than on acquiring new customers, said Jim Jones, president of First Wellesley Consulting.

“You can only have so many priorities at once,” he said…

But it goes beyond gaining new customers, Jones said. Layoffs have already hit the financial sector, and the upcoming months could see more of the same, as well as divestitures of branches and whole lines of business by some large banks. All that could be picked up by community banks. After all, it’s a lot cheaper to buy a newly deserted branch than to build your own, he said – that kind of deal can get done in 90 days.

NE Banks Lending on CRE, by not Freely
Amy Wyeth, New England Property Report Weekly Insider, | January 15, 2009

“Easy [commercial] money being lent in the 1980s turned into foreclosures in the 90s,” recalls Jim Jones, owner of Massachusetts-based bank strategy firm First Wellesley Consulting. New England was one of the hardest hit areas, and many banks failed as a result. “New England bankers don’t forget,” he said.

Banks will be paying close attention to emerging CRE lending directives from regulators, says Jones…