Bankers Find Their Niche Specialization has started to the financing business, but carrying it out well requires planning when it comes to worst The recession of 2008 and its own aftermath reordered the landscape across companies. In banking, the absolute most apparent impact ended up being to tighten up the principles on home loan lending after passing of the 2010 Dodd-Frank Wall Street Reform and customer Protection Act. The work created strict brand new underwriting and money laws for federally insured finance institutions. But also for community banking institutions, those had been big asks, with little banking institutions expected to hire new conformity groups, which ate into income. The changes meant getting out of the mortgage business altogether for sacramento-based Five Star Bank. “We just thought our time is certainly not well invested here,” claims president and CEO James Beckwith. “There are other (banks) that do that and certainly will repeat this much better than we are able to.” Alternatively, 5 star has dedicated to certain niches.