Feeling ill will in his heart towards goodwill on the balance sheet
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Once burned, twice shy
On quality capital
"The truth is most banks have junk on their balance sheet. They got trust-preferred, they got Small-Business Lending, they got TARP, they got all this funny money capital, we call it. And I went to work immediately. Paid my TARP off, came back and had about $30 million of trust-preferred, I'm now down to about $2 million of trust-preferred left. I cleaned up my balance sheet .
"We got the junk outta the trunk."
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On his expectations
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Ever so friendly with consultants
"But we hired them. I told them, 'If you do a good job, I'll tell the world. If you do a piss poor job, I'll tell them that, too.'
The initial skepticism aside, Allison credits the consulting firm Metavante with helping Home lower its efficiency ratio by more than 16 percentage points since 2007.
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On being clueless at first
"I didn't know what I was buying. I got a call. 'The regulators just gave us an MOU.' I said, 'That's a good thing, right?' 'No, John, It isn't.'"
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Staying away from Texas for now
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On the outsized pricing expectations of sellers
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'D' as in dead wrong
"I looked at him - he was about seven-feet tall, about 12 pounds, and couldn't sell sex on a troop train. I thought, 'How can you judge me?'"
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On why bankers are like college professors
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On the excess he saw at failed Florida banks
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On the Troubled Asset Relief Program
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On meeting his wife
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Johnny on Johnny
Read more about Allison and all of our 2013 Bankers of the Year