Laserfiche WebLink
"So if we're talking 20% tariffs, what they explained is, it's not just the direct impact costwise <br />being passed on, but they tighten up with some of the contracts they have with those <br />factories, and if they have to cut it tighter to control expenses, it creates opportunities for <br />other vendors overseas to swoop in and scoop up that capacity. <br />Desirae Hiatt of Huntington National Bank makes a point as other executives — <br />from left, Raju Patel of Bank of America Colorado, Chad Mitchell ofFirstBank,Jim <br />Fipp of Berg Hill Greenleaf and Ruscitti, and Aaron Spear of Bank of Colorado — <br />listen at BizWest's CEO Roundtable on banking, held Tuesday in the offices of Plante <br />Moran in Broomfield. Dallas Heltzell/BizWest <br />"In another four years, things could change again," she said, "but they couldn't get back to <br />the robust growth projections that they would have without tariffs." <br />Whatever happens, "consumers are adjusting to the rate environment. Consumers are <br />wanting to wait to see," said Desirae Hiatt, branch manager and assistant vice president at <br />Huntington National Bank, a Columbus, Ohio -based institution that just entered the Boulder <br />market. "We're thinking the prime is going to go down a few more times, but as far as seeing <br />rates as low as they were during the pandemic, I think those days are definitely behind us. <br />We saw an all-time low then." <br />Hiatt noted that her bank is seeing a lot more borrowing in the residential sector. <br />"It could be many factors," she said. "Maybe people are feeling more comfortable after the <br />election — or maybe not as comfortable, but feeling safer in locking in a rate. <br />"I think they're knowing too that eventually things will adjust and knowing that this is the <br />world we live in," she said. "I think they understand that it's not going to be COVID interest <br />rates." <br />Spear said he didn't feel the current environment is much different than the last couple of <br />years, but admitted that "affordability because of higher interest rates is a headwind in that <br />