Summary: “If you’re in Midland, Texas, you’re in the oil business,” says Jay Isaacs. “It doesn’t matter if you have a doughnut shop or a dry cleaners.” Isaacs is president of FirstCapital Bank of Texas, and he talks about how his bank manages the unique challenges and opportunities faced by banks in the oil patch. Isaacs says FirstCapital Bank focuses on lending to independent oil and gas producers, which he describes as safer than lending to drilling companies and oilfield services.
