Items include
board of directors
Sep 27, 2023
The board of directors plays a critical role in driving the development of the strategic plan and holding management accountable for its execution. We discuss four ways to maximize the value the board can bring to a CFI’s strategic planning process.
Nov 1, 2022
While there is no shortage of risks that CFIs face, one way to enhance your risk management strategy might be in reshaping your board of directors. We give you tips on how to strengthen your board and reexamine the way the group approaches risk.
Jul 7, 2021
Federal officials just extended a PPP rule change to March 31, 2022, which makes it easier for executive officers, directors, and principal shareholders to apply for PPP loans. These insider loans can be helpful for communities. We explain how, give you the pros and cons of providing insider PPP loans, and explain the potential pitfalls of reputational risk, special treatment, and difficulty denying loans.
Dec 3, 2020
There may be challenges in renewing your director and officers (D&O) insurance during the pandemic. We have some considerations.
Aug 2, 2022
Banks should be benefiting from the interest rate increase, but bank stock prices aren’t following the trend. There are actually many other factors that impact bank stock prices that are keeping current share prices down. Here are the root causes of the current prices and what CFIs can do to turn the market in their favor as rates continue to rise.
Jul 21, 2022
Boards of directors have essential monitoring and advisory responsibilities that affect their organizations’ performance. In an ideal world, a corporate board would have a strong culture and contribute to the success of the organization. A recent survey of smaller banks found that less than half of their boards met that standard.
Mar 22, 2022
The board of directors plays a crucial role in steering community financial institutions and helping them shape their local economies. To ensure continuous improvement, institutions should measure their board’s effectiveness regularly. We give you some tips on how to review your board’s composition, structure, and performance, and identify opportunities for improvement.
Aug 4, 2021
It is not just the big banks that have made commitments to diversity, equity, and inclusion DEI initiatives. Financial institutions of all sizes are getting involved. We map out a few of these efforts by the big banks, regional banks, and your peers, community financial institutions. Even if you are already involved in DEI measures, you may find some nuggets to add to your list.
Jun 9, 2021
The year 2020 was a year of many changes. In 2021, many community financial institutions are finding more change — they need to change their culture to meet today’s challenges or face being left behind. We provide you with four best practices to do this, including developing a plan, obtaining buy-in, being willing to experiment, and ensuring leaders “walk the walk.”
Jun 3, 2021
The pandemic changed almost everything. Did it change strategic planning? Despite the upheaval of the crisis, we discovered that many financial institutions stayed the course with regard to their strategic planning. We share how they did this and what their priorities will likely be during their strategic planning for 2022.
Sep 23, 2019
Sometimes even the best boards get out of balance, with one or two voices dominating. We give you ways to prevent and remedy this situation.
Sep 30, 2019
Conventional wisdom is that having directors with a financial interest in the bank can be beneficial. We examine the pros and cons.
Aug 1, 2019
Board meeting structure is often a given. But, maybe it is time to review it for the best ROI.
Aug 2, 2019
We calculate the cost of board meetings to help bankers understand if you could be getting more bang for your meeting bucks.
Feb 15, 2019
Bringing board members up to speed quickly is a key task, but not always an easy one. We provide important onboarding tips for your bank to do this.
May 25, 2018
For banks that aren't ready to go public, but require liquidity, there may be several viable alternatives.