From a regulatory perspective, the expectations placed on boards of directors have changed tremendously over the years. In response to the banking crisis, Congress included provisions within the Dodd-Frank Act of 2010 that gave more responsibilities to directors for regulatory compliance and risk management functions while also increasing fiduciary liabilities. [Continue]
Kurt Yost’s belief in community banking has served him well through 34 years of advocacy that commenced during contentious times and concludes as the industry grapples with the rapid pace of change. [Continue]
By the end of 2018, bankers should begin to see their BSA compliance burden begin to lift, promised Joseph Otting, Comptroller of the Currency. [Continue]
It can be difficult to discern what excites Kathy Thorson more: helping people or promoting her community. The longtime business banker and newly-named community banking president of MetaBank, Sioux Falls, is adept at both. [Continue]
J. Eric Hallman, 57, has been hired as president and CEO of the Nebraska Independent Community Bankers effective Jan. 1, 2019. Hallman will succeed Kurt Yost, who earlier this year had announced his intention to retire from NICB on Dec. 31. [Continue]
Alternative lending sources, communicating with customers, the farm bill and other ag updates from Ed Elfmann, senior vice president of agricultural and rural banking policy at the American Bankers Association [Continue]
Brenda Johnson is a big fan of “blue sky” discussions, where a group throws off the constraints of what is known in order to imagine their way toward something new. It’s an exercise in creative ideation, and whether she’s leading these discussions on behalf of Charter Bankshares, where she’s been chair of the board for five years. [Continue]
Two trade groups for the nation’s largest banks, the Financial Services Roundtable and the Clearing House Association, merged to form the Bank Policy Institute. [Continue]
When Andy Amador was 26, he had enough savings to make a down payment on a ranch in California’s Napa Valley, but no bank financing to close the deal. Lucky for him, the seller was willing to hold the note on the 188-acre estuarine flatland at the base of Mt. Veeder. Amador coveted the ranch’s hayfields and pastureland for their hunting potential. [Continue]
Former CEO and chair of Centinel Bank, Taos, N.M., Rebeca Romero Rainey became head of the Independent Community Bankers of America in May. Once the youngest bank president in the nation, Romero Rainey now brings her passion to the world of community banking advocacy. [Continue]