Banks was a successful northeast Pennsylvania businessman focusing on the construction industry when taking over Pocono in 1983 and bringing about a change in business at the northeast Pennsylvania track, emphasizing running a “quality business; if my employees don’t know that about me, they soon learn it.” Among the changes he introduced at the mountain oval were a new track surface and a new lighting system along with a refurbished upper grandstand. He also worked closely with area legislators just before the dawn of the state’s racing revolution that reached its peak with the expansion of gaming.