Here are the benefits of bank-owned life insurance Mar 01st 2021 12:03am on Boardroom Issues, Compliance, Focus, General, Leadership, Operations & Management Here are the benefits of bank-owned life insurance Mar 01st 2021 12:03am on Boardroom Issues, Compliance, Focus, General, Leadership, Operations & Management 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 Nov 01st 2020 12:11am on Banks, Boardroom Issues, General, Industry Insight, Leadership, Operations & Management, slide 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 Jun 01st 2020 10:06am on Boardroom Issues, Experts, Issues & Operations, Leadership, Management & Boardroom, Operations & Management, Products & Services, Software, Sponsored, Tech, Uncategorized 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 Apr 02nd 2020 01:04pm on Boardroom Issues, Experts, Leadership, Management & Boardroom, Products & Services, Software, Sponsored, Tech 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 Apr 01st 2020 12:04am on Boardroom Issues, Connections, General, Leadership 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 Jan 03rd 2020 03:01pm on Boardroom Issues, Corporate Goverance, Experts, Leadership, Management & Boardroom, Software, Sponsored, Tech 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 Nov 01st 2019 12:11am on Boardroom Issues, Connections, General, Leadership, Operations & Management 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? Oct 04th 2019 03:10pm on Boardroom Issues, Experts, Software, Sponsored, Tech 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.
Why your bank should be budgeting for the big picture Sep 01st 2019 12:09am on Banks, Boardroom Issues, General, Industry Insight, Leadership, Operations & Management, slide Your community bank’s strategic plan often takes things like innovation, growth and succession planning into account, but does the budget? How can your bank plan for these often unpredictable expenses in its budgeting process? Experts say it requires doing your homework, reassessing your budget more frequently and, yes, accepting some risk. By Kelly Pike • […]
How to build the board your bank needs Jun 01st 2019 12:06am on Banks, Boardroom Issues, Industry Insight, Leadership, slide Board succession planning is important for all banks, but getting the right board members is crucial—and complicated—for larger banks, especially at a time of rapid growth. Here’s how several community banks approached the tall task of preparing their boards for change.
