Profiles

Communication key to community involvement

Jackson Winsett

Jackson Winsett, assistant vice president and community affairs officer for the Federal Reserve Bank of Kansas City, views the connection between financial institutions and communities as two-fold. “I look at it from two different perspectives, but they both revolve around reciprocation,” he said. “The better the community is, the more the businesses in that community will benefit.” [Continue]

Regtech pioneer believes adaption is accelerating

Jo Ann Barefoot has been doing a lot of globetrotting lately. Since being named the first female Deputy Comptroller of the Currency in 1978, Barefoot launched a career in the private sector and describes herself as a “serial entrepreneur.” She is currently CEO of Barefoot Innovation Group, something of a think tank for financial technology, regulatory reform and the future of banking. [Continue]

Getting paid to create (and have) fun

Every bank has a CFO, but it’s likely that only one has a CFnO – a chief fun officer. That’s Sarah Trapp’s title at First National Bank of Syracuse, Kan., and, yes, her job is all about fun — surprising employees with free lunches, holding company-wide massage days, or recruiting them to put on costumes for skits that reinforce best practices. [Continue]

Michael Bell preaches acquisition ecumenism

Michael Bell, a 40-year-old lawyer from Michigan is confident as hell about his ability to bring credit union cash to just about any purchase or acquisition you can imagine that doesn’t involve stock or a large deferred tax asset. And he’s clear about what adding a credit union to the bidding field will do to the selling price. “If a bank can pay 1.5 times book value and that’s the value, a credit union can pay 1.7 times book value.” [Continue]

Accountant reflects on 30 years of service to community bankers

If you have purchased or sold a bank, you may have come into contact with Don Johnson, a partner at the Eide Bailly accounting and consulting firm. From his Minneapolis office, Johnson has helped many bankers across the Upper Midwest consider some of the most significant decisions a banker makes in his or her career: should we buy a bank, sell a branch, relocate a charter, create a holding company, merge with another financial institution? [Continue]