Does your bank board mirror your market? Mounting pressure for banks to better reflect their communities is prompting banks to rethink director recruitment.
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.
A conversation with Wendy Cai-Lee of de novo Piermont Bank on the unique needs of multigenerational family firms.
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?
ABA joined the U.S. Chamber of Commerce and several other financial and business trade groups in urging the Senate Banking Committee to advance the Improving Corporate Governance through Diversity Act.
To facilitate banks’ needs to hold meetings during the coronavirus pandemic, the OCC is issuing an interim final rule clarifying that national banks and federal thrifts may hold virtual board, shareholder and (as applicable) member meetings using remote communication tools.
After a career as a nonprofit executive, Midwest BankCentre Chairman and CEO Orvin Kimbrough discusses the unique perspective he brings to his role and how his bank is reaching underserved communities in the St. Louis area.
In a recent client bulletin, executives from Promontory, an IBM Company, identified several immediate and…
The COVID-19 outbreak has prompted banks to move with lightning speed toward mobile work arrangements—and with that move comes pressing new considerations and security issues must be reassessed in the light of the massive workplace changes.
Following clarification from the Small Business Administration and Treasury Department that bank directors and shareholders may receive Paycheck Protection Program loans from their related banks, the Federal Reserve on Friday said that it would provide a temporary exemption from Regulation O for these loans.