12/24/14

Vorys Featured in Columbus Business First Article Titled “Q&A with Jay Vorys: ‘Major Upheavals’ Have Changed Financial Services, But Industry is Healthy”

Jay Vorys, a partner in the Columbus office and the immediate past chair of the corporate group, was profiled in a Columbus Business First Q&A article.  According to the story, over a 39 year career in corporate, securities and banking law, Vorys led the initial public offerings of 12 financial institutions and oversaw more than 40 mergers.

The article states:

Q: Have bankers been unfairly labeled because of those?

A: There are no evil bankers, that's just a political tag. I'm unbelievably lucky to have worked in the industry for 39 years. Ninety-nine percent of people we represent are wonderful people who care about the community and their bank. They're just easy targets.

Q: Will consolidation among small banks continue?

A: When the board is split and I'm asked, 'What do you think, Jay?' I think smart, caring, community bankers can be successful if they want to. On the other hand, the fact of the matter is that good businesspeople have been able to fight the cycle and now shareholders can see a return (in a sale).”

To read the entire Q&A, visit the Columbus Business First website. (Subscription may be required).