Of course.

Abel in Los Angeles.

It's not all day, just thinking about singing *** flowers with Anne.

Or play the red couch with Charlize.

He's here, in addition to getting Dark Horse Comics and AMC TV.

There is also the opening of a new real estate company.

There are serious things, too.

It's like the 25th of November.

He negotiated another deal.

He bought a bank.

The name of the bank is very large, it is called American Pacific Commercial Bank.

But in reality, the bank has only $165 million in assets.

A total of 4 branches, about more than 1 billion dollars of assets under custody.

According to the classification of the FDIC, that is, the Federal Deposit Insurance Corporation of the United States.

Pacific Commercial Bank is a small bank.

&C Banks are classified into three levels: large, medium and small according to the size of their assets:

Large banks with assets greater than $250 billion.

Medium-sized banks with assets between $10 billion and $250 billion.

Small banks with assets of less than $10 billion are small.

By this standard, there are actually only three large banks in the United States right now.

The three banks are Wells Fargo, Citigroup, and Bank of America.

Other well-known investment banks, such as Goldman Sachs, are only medium-sized banks by this standard.

The U.S. banking industry is very developed, and at its peak there were more than 50,000 banks in the United States.

If you count the small credit bureaus in the countryside.

At its peak, it was estimated that there were more than 100,000.

Even now, in 2000, according to the FDIC, there are currently 9,613 banks in the United States.

In the number of 9613, it is obvious that there are more small regional banks such as the Pacific Commercial Bank of the United States.

It is a small bank with only a few branches, limited to a few places in a certain part of the United States.

Such small banks have thin capital, high capital costs, concentrated customer clusters, and poor risk tolerance.

A study published by the State Banking Supervisors Association (CSBS) showed that:

[In the U.S., more than 2% of small banks fail or are on the verge of failure every year]

"Happy Cooperation~"

After shaking hands with Richard, the chairman of the Pacific Commercial Bank, who came from Northern California.

Abel said with a smile.

The latter smiled wryly, but had to smile as well: "Happy cooperation, thank you for your help."

Pacific Commercial Bank is headquartered in Northern California, the San Francisco Bay Area.

Its headquarters happen to be right in the city of Palo Alto, one of the centers of Silicon Valley.

Abel has been there many times.

But the small bank is not doing well and has been losing money for years.

In parallel time, it will also be acquired in three years.

This time, Abel made a move ahead of schedule and bought the bank directly.

On the contrary, it allows Richard, the chairman and his family, to breathe a sigh of relief.

After seeing Richard leave, Abel immediately said to Alan Baker next to him:

"Let's start negotiating. Our goal is to have more than 50 branches in the shortest possible time. According to the plan, the next ones are Desert Bank, Lianhua Bank, and the major banks."

"Understood! BOSS！ We'll do it right away!" Alan Baker looked respectful and said quickly.

For the next period of time, Abel's special advisory group represented him throughout Los Angeles and the West Coast of the United States.

Embarked on a frenzied journey to acquire small banks.

In just half a month, it has won more than a dozen small banks, including major banks, Lianhua Bank, and Desert Bank.

One of the major banks (just named

Major banks) have only one head office with assets of $108 million.

Lianhua Bank, which has four branches, has total assets of US$235 million.

The bank's main business is in the Chinese community of Los Angeles, which can be regarded as a disguised increase in the proportion of Abel's bank in the Chinese community.

Desert Bank has nine branches and $532 million in assets.

Desert Bank is also the bank with the highest price and the most assets in this series of mergers and acquisitions.

By the time it was December 5th.

The New York Observer, a biweekly magazine based in New York, ran such a story.

This news article reports on the business operations of its owner, Abel Smith, for more than ten days.

The headline of the report reads -

[As we all know, Mr. Abel Smith, chairman of this newspaper, is the richest person at the top of the Forbes rich list! 】

[But now Forbes, it is time to update Mr. Abel Smith's ranking in other lists!] 】

[According to the author's calculations, Mr. Abel Smith has now become the 16th largest banking giant in the United States. 】

[Because in just ten days, he has acquired and acquired fifteen commercial banks in a row!] 】

[Now in the name of the beloved chairman of this newspaper.] There is already a bank called Pacific Commercial Bank. 】

[This bank is on the West Coast, currently has a total of 51 branches, total assets of more than $4 billion, custody assets of $27 billion, and can be ranked 16th in the national bank rankings! 】

[It is reported that it has a fund with an annualized rate of return of more than 289.3%Smith Capital.] 】

[The latest two phases of private equity funds will be underwritten by Pacific Commercial Bank]

[This newspaper has reason to believe that under the leadership of Abel Smith.] The young Pacific Commercial Bank will become a new giant in the United States! 】

[At the same time, this newspaper is deeply skeptical of the position of Mr. Abel Smith claimed by Forbes in the list of the richest people in the United States.] 】

[With the financial resources shown by the beloved chairman of this newspaper, Forbes obviously did not do a good job in collecting information]

[This makes us wonder if Forbes' other rankings are so authoritative?] 】

[The author of this newspaper. 】

This report reported positively on Abel's frenzied acquisition of closed small banks on the West Coast.

At the same time secretly.

By the way, it also took a small bit, and like the New York Observer, it is a semi-monthly magazine, that is, a biweekly Forbes magazine.

This report caused a thousand waves with one stone.

It has caused a great response in the banking and financial industry in the United States.

The Wall Street Journal, which is a good thing, soon interviewed some banking giants and management in New York and the United States.

For example, Mr. Richard Folder, president of Lehman Brothers.

When I was interviewed, I said in front of the media like this:

"Mr. Abel Smith is indeed a brilliant investment genius. But that doesn't mean he's just as good at managing a bank."

"The management and development of a bank is different from pure investment."

"I myself have a conservative wait-and-see attitude towards Mr. Abel Smith's entry into the banking industry!"

Except for Richard Forder.

The Wall Street Journal also immediately interviewed Mr. Paulson, the president of Goldman Sachs.

Paulson's words were much more peaceful, and he smiled in front of the camera:

"Goldman Sachs is willing to work with Pacific Commercial Bank. Just as Goldman Sachs is willing to continue working with Mr. Abel Smith."

"We are willing to work with other banking colleagues to build a better banking order in the United States. Let everyone's money in the bank feel more secure."

"So that everyone's financial management and investment can get stable and stable income!"

If there is a good thing.

Now to investigate, Paulson

From last year to this year in the media, words of speech and tone when speaking.

They will be surprised to find out.

The bald bank executive, what he said in front of the media, is becoming more and more stable and official.

Wait another year.

Everyone will know why Paulson changed when he was interviewed at this time.

Because just next year, he will become everyone's finance minister!

Obviously, he had already been in contact with the people who were about to live in the White House before that.

Otherwise, at the time of today's Wall Street Journal interview.

There will be no such words that are very official.

In various series of interviews.

on this matter.

Most of the CEOs of the big investment banks on Wall Street are interested in the emergence and rise of the Pacific Commercial Bank.

Take a "reserved cautious approach".

As for the big banks, like Wells Fargo, Citigroup, etc.

None of them expressed much of an opinion.

It's just that in private, the frequency of Abel's mobile phone ringing has greatly increased.

It's like December 6th.

Beverly Hills, address.

Outdoor skyline pool edge on the terrace overlooking the night view of Los Angeles.

Abel was lying on Jessica Alba's soft, white thighs.

In warm pool water.

He was following a phone call from Morgan Stanley's CEO, Philip Purcell.

"~Ha, Philip, I'm serious."

"I've already spoken to the Texas consortium and Warren about this VAM agreement."

"Yes, they, like you, don't agree with my offer."

"They, like you, think my offer is too high. I don't think they're talking about me or me in their hearts."

"But I want to say to you, Philip. It's like saying to them."

"That's in my heart, I think this offer is really not high!"

"Ha~ I'm not kidding, I'm serious."

"Philip, think about it. I'm still in Los Angeles, so I'll say it first!"

Abel, on his part, hung up the phone first.

After hanging up the phone, he had a bad look on his face.

This worries Jessica Alba a little bit.

The big beauty, full of mixed-race style, stretched out a pair of soft wattles and gently massaged him on his forehead.

"Hi Jessica, it's only been two days. You've learned so well!"

Abel, who was in a bad mood, enjoyed the beauty to please him.

He said to Jessica Alba with a smile.

Jessica Alba had a bright smile on her face.

She has just finished special training, and she will start filming the latest version of "007" next year.

Jessica Alba next, can rest for a while.

At least half a month, she can not work.

She came back from Seattle right away.

Compared to Anne, who is too smart, but a little less smart when choosing.

Jessica, who is about the same age as Annie.

But from beginning to end, she knew what she was looking for.

From beginning to end, she knows who can better bring all this to herself.

Compared to Anne, Abel has to use some means, let Jinna operate and guide.

Let Abel worry about it.

Jessica Alba's side really reassured Abel too much.

In front of Abel's eyes, Jessica Alba is very obedient.

And as his status and wealth climbed, he became more and more obedient.

When she was in New York before, Jessica still had a little bit of the intention of pursuing free love.

Now, after becoming the heroine of "007".

Jessica became obedient to Abel.

Even for Abel's scandals in the media, which were exposed.

Jessica Alba has the attitude of not asking.

As if to say, as long as you keep feeding me, feed me to my heart's content.

Then I don't care how many fish you have in your pond!

She is a smart and sensible girl.

And this time she came back, in this villa.

In one spa.

Abel was full of praise for the spa man's performance.

She even directly proposed on the spot that she wanted to learn the other party's massage techniques.

Then I really learned, and spent a little more money to let the masseuse teach her some massage techniques.

Then she used this relaxing massage technique on Abel.

Maybe not as good as the professional spa artist, but she is more beautiful.

You can also wear a bikini, so that the massaged Abel can enjoy it while reaching out..

In contrast, of course, Jessica's sight, touch, smell, and hearing, all of which are included in the service, are more satisfying to him!

"As long as you like." Jessica Alba smiled sweetly and bent over slightly, making it even more convenient for him to play..

Abel holds the phone in one hand and the other

He soaked most of his body in the heated pool water as warm as December.

Accept Jessica Alba's tune to please her.

His eyes were slightly closed, thinking about his next plan.

This aggressive plan to enter the banking sector has gone well in terms of acquisitions and acquisitions.

There are more than 9,000 banks in the United States.

It is not very difficult to acquire dozens of them.

Of the more than 9,000 U.S. banks, it is estimated that at least 9,000 are of the small size of Pacific Commercial Bank.

The total assets of these banks are only $100 million or $200 million.

Even a premium acquisition is not much more expensive.

What's more, most of the small banks are struggling to operate in the current environment.

In many cases, you can take them directly without a premium.

Like this time, less than half a month.

On the West Coast, Abel bought fifteen of these small banks.

The total cost is only about $4.5 billion, and the total premium is less than $500 million.

Now he has integrated these banks, as well as their branches and businesses, into the Pacific Commercial Bank.

As a result, the current Pacific Commercial Bank is already a "large" small bank with total assets of $4 billion and $27 billion in funds under custody.

That's right, by FDIC standards.

With only $10 billion in assets, it is a small bank.

The reason why Abel did this was that he was in such a hurry to enter the banking industry.

It's because half a month ago, after the year-end investment reception of Smith Capital.

He has already had a showdown with investment banks and Wall Street.

After that, he backstabbed many Wall Street companies in the back.

This is already a feud.

Even if the hatred is not very big, he must be scrupulous.

Plus he felt the time was right.

We can no longer allow Wall Street to monitor its own money flow at will.

So for now, he has only two options.

One is to have your own bank, preferably a medium to large bank.

This is relatively difficult.

This is because medium and large banks, if the timing is not good, it is too expensive to forcibly acquire them.

Another way is to take a large stake in these large and medium-sized banks.

After becoming their shareholder, they should be able to get a certain amount of money flow

Confidentiality and security.

But it's also not safe, because Wall Street is also prone to complicit.

There are cases where there is a profit to be made.

Pit major shareholders and minority shareholders, as long as they are not shareholders with a relatively controlling majority.

That's not an uncommon thing for banks or Wall Street.

Abel decided to go both ways, going straight into two steps.

One is to buy a small bank and then expand through acquisitions and acquisitions.

Although this is not as fast and direct as the acquisition of medium and large banks, there is also the possibility of business failure and development failure.

But it is more economical and can also control your own money transfer station.

The other is to continue to invest in the big banks.

Take both steps, so that you can better ensure the safety of your capital flow.

So far, he's only done one step.

Acquired Pacific Commercial Bank and expanded this small bank on the West Coast.

That's the first step.

It's just that he is doing this, which is bound to cause dissatisfaction on Wall Street.

Because obviously, after he had his own bank.

A lot of money from Smith Capital.

It will definitely be put on the side of Pacific Commercial Bank.

Although this does not prevent him from continuing to cooperate with other investment banks.

But by doing so, he will obviously reduce the profits that other banks make on him.

Of course they are not satisfied.

That's why these days.

The reason why his other mobile phones except for the No. 1 mobile phone are about to be blown up.

The Wall Street giants, they call for two main purposes.

One is the desire to continue working with Smiths Capital.

An investment company like Smith Capital that is short-term and fast, and has such a large trading volume.

It's always been their favorite.

Another purpose is to inquire about the possibility of taking a stake in Smith Capital or Pacific Commercial Bank.

Like this phone call from Philip Purcell of Morgen Stanley.

That's what I asked.

But when it comes time to really start talking about the price, these guys are too expensive.

With a valuation of $500 billion, there is only one fixed asset for one building.

Smith Capital's valuation is unacceptable to them.

Even if the VAM agreement is very tempting, these profit-oriented guys are still dissatisfied.

In the face of these guys' unbusyness, even subtle warnings.

Abel was indifferent.

He is no longer the newcomer he was on Wall Street last year.

At that time, he was innocent on Wall Street.

He had nothing but talent and the family's cattle.

At that time, he had to be cautious, polite to everyone, and behaving like a social phobia.

At the same time, in terms of cooperation and interest, they are very generous and happy.

That was him last year.

Now he has a place on Wall Street.

Smith Capital invests in the cocktail party.

&.3%, and possibly even higher annualized returns.

It has also spread throughout the United States through the wealthy circle in New York.

Smith Capital Phase II and Phase III funds have not yet been formally established.

Within a few days, more than two or three hundred people came to inquire.

The funds expressed to be subscribed have been far exceeded.

What's more, he can already guarantee himself on a physical level.

will not be directly eliminated by the brutality, which is what he is most afraid of.

With the Texan's ascension to power next year, he will be a little more secure in this regard.

In this case, Abel is no longer willing to pay a large amount of protection money to Wall Street.

It's time to show your minions to Wall Street.

Let them know that Dixie is coming from Texas.

I already plan to be on an equal footing with them.