{"id":26115,"date":"2022-12-01T06:16:37","date_gmt":"2022-12-01T12:16:37","guid":{"rendered":"https:\/\/bankbeat.biz\/?p=26115"},"modified":"2022-12-01T11:34:06","modified_gmt":"2022-12-01T17:34:06","slug":"planning-for-family-owned-banks-succession","status":"publish","type":"post","link":"https:\/\/bankbeat.biz\/planning-for-family-owned-banks-succession\/","title":{"rendered":"Transition resources help family-owned banks prepare for succession"},"content":{"rendered":"
Within families that own banks, there can be a disconnect between parents who control the bank and children in line to take their place. Some parents struggle to see their grown children as fully-realized adults while members of the rising generation might view parents as out-of-touch and ready for pasture, having had enough time at the helm as primary shareholder or chief executive, or both. \u201cI\u2019ve seen a number of banks that had a great management team, but the dad was tired of dealing with the kids,\u201d said David Johnson, chair and CEO of Estelline, S.D.-based Reliabank.<\/span><\/p>\n