Richard Nisbeth

After graduating from FAU, I moved to Indiana for the “Big Bucks”. The best offer I got from a bank in Ft. Lauderdale was $5200/yr…….Indiana was $8520……couldn’t pass it up…..along came my son Eric…..then divorce….then…..etc……Although I had always planned to move back to Florida (my “One Particular Harbor”), a fortuitous number of promotions and appointments to state lobbying groups kept me as Executive VP of a large regional bank in Indiana. We sold/merged our bank in 1985 and paid Morgan Stanley a cool $1 Million to advise us. As I actually did most of the work involved, I determined that I was on the wrong side of the transaction. I changed careers and became an investment banker advising banks in the Midwest on merger transactions. I was advisor on approximately 80 transactions and started two SEC Registered investment banking operations. At one, a subsidiary of a large accounting firm, I met my current wife. We moved to North Palm Beach (original zip code) in 2002, and I, along with a partner, started yet another M&A boutique…..until an old banking friend from the Midwest who was newly in charge of a troubled bank holding company in Chicago called and wanted help. His company owned a bank in Vero Beach, and it was operating under a “Letter Agreement” with the regulators. I was elected Chairman and CEO and my job was to fix the bank……I did, and we sold it in 2008…..Now I fish and boat and annoy old friends.