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LEADING QUESTIONS: Regional M&I prez buzzes on banking

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Leading Questions

Welcome to the latest installment of  “Leading Questions: Wisdom from the Corner Office,” where IBJ sits down with central Indiana’s top bosses to talk shop about their industry and the habits that lead to success.

Reagan Rick, 48, defies the stereotype of a banker as a beancounter with a head full of numbers and a personality as bland as vanilla pudding.



“I like to get after things,” said Rick, regional president of M&I Bank, in his corner office with a stuffed Energizer Bunny over his right shoulder. The plush pet is a gift from a co-worker, making sly reference to his practice of zipping through the halls of M&I’s local offices. It just as well could refer to his inclinations for running marathons, climbing mountains, and changing careers. (See video above.)

Rick grew up working on his family’s farms in Covington, Ind., where he learned to operate a tractor at age 8. Instilled with an independent spirit and sensitivity to the concerns of small businesses, he drifted into the study of finance while attending Ball State University.

He forged a career in corporate banking in Indianapolis in the 1980s and 1990s. With a bit of a restless spirit and desire to expand his sphere of knowledge, he also pursued a law degree in his spare time, graduating from the Indiana University School of Law in Indianapolis in 1997. He shifted into the practice of law with a focus on business transactions, first for Ice Miller and then for a one-man firm he founded in 1999.

Wanting to again work in a team environment, he joined First Indiana Bank in 2004 as executive vice president and general counsel. When First Indiana merged with M&I in 2008, he became regional president.

“I would encourage anyone to take some risks and go out and try something different,” he said of those who are contemplating career changes. “I think that people who have gone out and run a small business or done something a little different have a much better perspective, and when they come back maybe to where they started, they have a great vision.”

In the video below, Rich discusses the lean lending environment for businesses and offers a suggestion for owners who would like to apply for commercial loans.



 

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  1. why oh why does this state continue to elect these people....do you wonder how much was graft out of the 3.8 billion?

  2. i too think this is a great idea. I think the vision and need is there as well. But also agree with Wendy that there may be better location in our city to fulfill this vision and help grow the sports of hockey and figure skating in Indy. Also to help further develop other parts of the city that seem often forgotten. Any of the other 6 townships out side of the three northernmost could benefit greatly from a facility and a vision like this. For a vision that sounds philanthropic, the location is appears more about the money. Would really like to see it elsewhere, but still wish the development the best of luck, as we can always use more ice in the city. As for the Ice growth when they return, if schedules can be coordinated with the Fuel, what could be better than to have high level hockey available to go see every weekend of the season? Good luck with the development and the return of the Ice.

  3. How many parking spaces do they have at Ironworks? Will residents have reserved spaces or will they have to troll for a space among the people that are there at Ruth Chris & Sangiovese?

  4. You do not get speeding ticket first time you speed and this is not first time Mr.Page has speed. One act should not define a man and this one act won't. He got off with a slap on the wrist. I agree with judge no person was injured by his actions. The state was robbed of money by paying too much rent for a building and that money could have been used for social services. The Page family maybe "generous" with their money but for most part all of it is dirty money that he obtained for sources that are not on the upright. Page is the kind of lawyer that gives lawyers a bad name. He paid off this judge like he has many other tine and walked away. Does he still have his license. I believe so. Hire him to get you confiscated drug money back. He will. It will cost you.

  5. I remain amazed at the level of expertise of the average Internet Television Executive. Obviously they have all the answers and know the business inside and out.

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