The Wealth Dock Podcast: Helping guide your path to long-term wealth

The Wealth Dock Podcast: Helping guide your path to long-term wealth


Bank Failures And How They Reshaped The Financial Industry with Pete Oquist (Ep. 3)

July 03, 2023

Ready to uncover the untold stories behind bank failures and their profound impact on the ever-evolving world of finance?


In this episode, Mike Heckman invites Pete Oquist, a retired Federal Deposit Insurance Corporation (FDIC) examiner. This week, Pete dives into the gripping history of bank failures and their lasting impact on the financial industry.


Pete discusses: 


  • The interesting history of bank deregulation and how it impacted the ways banks operated and continue operating in the current day
  • His own experiences as an FDIC examiner
  • The story behind how he ended up working 12 hours a day, seven days a week 
  • Banks in the 60s versus banks in the 21st century
  • Reasons you have to be a lot smarter to run a bank now
  • And more!

Resources:


Connect with Mike Heckman: 


Connect with Pete Oquist:


About Our Guest: 


Pete Oquist’s experience includes: 


COMMISSIONED EXAMINER, FDIC, Division of Supervision and Consumer Compliance. Responsible for supervision and regulation of state-chartered non-member banks. 


COMMISSIONED SENIOR EXAMINER, Federal Reserve Bank of Chicago, Supervision, and Regulation, 2002 to 2006.   Responsible for supervision and regulation of community state-chartered member banks. 


FINANCIAL INSTITUTION EXAMINER, State of Michigan, Department of Consumer and Industry Services, 1985 to 2002. Responsible for supervision and regulation of state-charted banks.