From blending differing values to choosing a new chairman, there are many challenges that can arise after a merger or acquisition. We spoke with legal and financial experts about what questions community bank leaders should ask themselves pre-merger, what issues they may face and how they can build an even stronger financial institution.
Category: Boardroom Issues
Strategies for finding the diverse board members you need
Today’s community banks need to have both eyes on the future, and that can mean looking outside of familiar business circles for potential board members. Here are some strategies for finding diverse board members who can help your bank adapt to changing customer demands.
Here are the benefits of bank-owned life insurance
Over the past two decades, banks have increasingly dabbled in BOLI, or bank-owned life insurance. While there are downsides to consider, experts say the benefits of these policies are two-fold: to generate income in the long term and to retain bank leaders.
How to crisis-proof your bank’s succession plan
Succession planning is a critical tool for community banks to identify up-and-coming talent and provide a long-term strategic vision. But how has COVID-19 affected these plans? Experts discuss strategies for making sure your community bank’s succession plan can withstand this crisis—and the next one.
Using board portals to expedite loan approvals
SPONSORED | With comprehensive features that help senior management and lending officers organize, track, review and approve loans, board portals improve customer experience, keep the loan pipeline at capacity and help approve new loans faster than ever.
3 best practices for running virtual board and leadership meetings
SPONSORED | Efficient remote meetings are imperative. These 3 best practices outline how your bank can employ web conferencing and board management systems to ensure your meetings are as engaged and successful as possible.
The juicy story behind First Citrus Bank
Established 21 years ago, First Citrus Bank’s strategic planning is now bearing fruit. At the core of the Tampa, Fla., community bank is a set of fundamental values that define how its associates achieve success for themselves and for their customers. By Eric Best Name: First Citrus Bank Assets: $428 million Location: Tampa, Fla. First Citrus […]
What to look for in board management software
SPONSORED | Board management software is an environment for administrators and board directors to access meeting materials, communicate with each other and execute responsibilities. Know what to look for in a vendor and download the Board Management Software Vendor Comparison Worksheet.
Oregon Community Bank is built on feedback
Senior management at Oregon Community Bank lead with the aid of ideas and comments they’ve collected from staff. These efforts have led the community bank to explore new initiatives and to grow significantly. By William Atkinson Name: Oregon Community Bank Assets: $520 million Location: Oregon, Wis. While many community banks form strategy through discussions in executive meetings, […]
Board meetings or bored meetings?
SPONSORED | Special industry report: Passageways asked community bank executives how they felt about technology in the boardroom. Learn how they responded and discover how technology can boost your bank’s boardroom efficiency.