227 - Community Engagement in Banking with Bob Terravecchia of Coastal Heritage Bank

Mark sits down with Bob Terravecchia, Chairman, President, and CEO of Coastal Heritage Bank, to discuss the unique aspects of community banking, the historical context of cooperative banks, and the impact of regulations on the banking industry. They explore the future of banking, including the rise of cryptocurrency and advancements in payment systems, while emphasizing the importance of local investment and community development. The two also delve into the multifaceted impacts of AI on various sectors, particularly education and healthcare, discussing the potential for AI to disrupt traditional models, as well as the reshoring of jobs and the future of manufacturing in the U.S., emphasizing the importance of fair trade relationships. The discussion shifts to the pressing issue of housing affordability, the role of higher education, and innovative solutions for community investment.

Connect with Bob on LinkedIn!

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