The Bank:
Civista Bank (Sandusky, OH) began working with Taylor Advisors in the 3rd quarter of 2007 as an investment advisory client.
The Challenge:
Civista had an investment portfolio previously managed by a different investment advisor. It is common for banks to periodically evaluate investment advisors based on their ability to obtain improved portfolio performance. As of the end of the 3rd quarter of 2007, Civista Bank’s investment yield was below peer and ranked in the 38th percentile per FDIC data.
The Solution:
Upon switching investment advisors, Taylor Advisors began working with the bank to create an integrated strategy that considered the entire balance sheet. After developing an Investment Policy and strategy, Taylor Advisors began implementing the strategy.
The Outcome:
The improved investment management process resulted in a portfolio that was constructed considering the asset/liability characteristics of the bank and an improved ranking versus the peer group, per FDIC data. Civista Bank has been a client for over 10 years.
For details on the performance of Taylor Advisors’ investment advisory clients, please contact us at at sasha@tayloradvisor.com or 502-412-2205.