The Internet has also taken away one of the traditional banks' key advantages: geography.
"But I haven't seen a traditional bank that would give us the flexibility to run with the business."
In many ways it is not a traditional bank.
Upon realizing this, traditional banks began to offer limited online banking services.
It is also trying to make the new branches more inviting than traditional banks.
But it never expanded into the other kinds of businesses of a traditional bank.
It will give these mid-cap companies a new source of investment outside the traditional banks.
In traditional banks, 95 percent of the people who walk in are customers.
In fact, some of the big traditional commercial banks were not responsible for the crisis.
Norstar, with $11.1 billion in assets, is a traditional commercial bank.