Anne Tangen, a bank IT expert-turned-CEO at BankFive in Fall River, Massachusetts, talks about BankFive’s efforts to reduce friction in the account opening process, as well as her work to smooth the path for talented women in the community bank C-suite.
Browsing: Careers in banking
There’s a banking tie-in to a topic dominating pop culture.
Following mergers, former CEOs and board chairs may have to adapt to smaller roles, but their experience remains valuable.
Family-owned businesses, especially those crossing the mark of $10 million in annual revenue, often have unique banking needs. They have the freedom to make long-term investments, but they also face challenges associated with funding for growth, complex family dynamics and the need to manage liquidity events for family members.
“When we’re able to take banking to them, at a place where they already have trust with their employer, that’s a bridge,” says Jennifer Huffman of Atlantic Union Bank’s workplace banking product. “From there we’re able to grow that relationship.”
In 2023’s challenging environment, the key is ensuring your team has the right allocation of staff and agency resources.
Bank partnerships with colleges and universities hold promise to help banks tackle human resources challenges: creating a pipeline of rising professionals with banking exposure, and diversifying banks’ talent bases.
Virginia Ali, owner of historic D.C. landmark Ben’s Chili Bowl, got her start at a community bank
How can community bank emerging leaders take initiative in innovation? Tim Shangle advises bankers to take small steps and explore what new technologies can do.
As banks assess their team members, which skills should bring a current employee front and center for a possible career move into risk and compliance?