Must the Bank Update the Loan Estimate if It Becomes Aware of Increases to Fees Unrelated to Extension of Rate Lock Agreement?
Questions and answers from the July/August 2021 ABA Regulatory Policy and Compliance Inbox.
Browsing: Directors
CECL’s First Wave Offers Insights for Smaller Banks
Many banks have until January 1, 2023 before they must implement the current expected credit loss standard, or CECL. But it’s not too soon to start gleaning lessons from larger institutions that are already utilizing the new standard.
ABA, Trade Groups Urge Senate to Pass Board Diversity Bill
The American Bankers Association joined several other financial trade groups in urging the House Committee on Financial Services to advance H.R. 1277, the Improving Corporate Governance through Diversity Act of 2021.
Podcast: Empowering Bank Employees to Build Culture from the Ground Up
Culture is important for every bank, but never more so than when employees are remote amid the COVID-19 pandemic. Pat Weigel discusses how Norway Savings Bank’s employees build its “high-achievement, high-support” culture.
Declaration of Independence
Alabama businessman Cecil Batchelor marks half a century as chairman of CB&S Bank, which he remains committed to keeping independent.
Podcast: How One Community Bank Opens Opportunities for Career Growth
As an early-career CPA, Carissa Rodeheaver began her community banking career as a trust administrator nearly three decades ago. Now, she’s at the same bank, as chairman, president and CEO of Oakland, Maryland-based First United Bank and Trust.
Hiring Directors, Halting Bias: Ideas for Improving Diversity
Does your bank board mirror your market? Mounting pressure for banks to better reflect their communities is prompting banks to rethink director recruitment.
Is Banking on Lawyers a Formula for Success?
Lawyers now occupy seats on three-quarters of U.S. bank boards, and new evidence suggests their rapid rise is linked to improved risk management and increases in bank valuation.
CEO Q&A: Healing ‘Pain Points’ for Family Businesses
A conversation with Wendy Cai-Lee of de novo Piermont Bank on the unique needs of multigenerational family firms.
Looking for Trouble: How Boards Spot and Weed Out Dysfunction
Success starts with recruiting a good mix of people and perspectives to create a dynamic and engaged cohort of directors. But what are some of the hallmarks of a board of directors that isn’t functioning as well as it should be?