John Reichert

Much has been written about the challenges facing today's community bankers, including ongoing asset quality issues, shifting capital requirements, cutthroat competition for customers, rapid developments in technology, and an endless onslaught of new rules and regulations. Notwithstanding these challenges, many banks have “turned the corner” and see opportunity on the horizon. What distinguishes the banks that are improving (and perhaps even excelling) from those that continue to struggle? In many instances, we believe the difference can be traced to the boardroom. This article summarizes common characteristics we have observed from those banks that are thriving, partially as a result of their board's involvement, guidance and strategic direction.