Calling All Bank Directors

On October 24, 2023, the federal banking agencies adopted a new Community Reinvestment Act (CRA) regulation that revolutionizes the obligations of banks with assets of $600 million or more. On this episode of Calling All Bank Directors, our guest Ken Thomas, a leading expert in CRA for many years, explains what boards of directors can do to support compliance with the new regulation. AABD recorded this podcast episode prior to the filing of a lawsuit by various bank trade associations. Unless the regulation is overturned or withdrawn by the agencies, bank boards and management of banks of $600 million or more will face huge challenges. Ken is the president and CEO of Community Development Fund Advisors and author of the seminal book on CRA. He taught at Wharton Business School for 42 years and serves on the Board of Directors of a community bank. ***** Thanks to our guest, Ken Thomas: https://www.communitydevelopmentfund.com/about/  Calling All Bank Directors is the podcast of the American Association of Bank Directors. AABD has been your advocate since 1989 and our podcast, hosted by AABD President David Baris, is designed to keep you well informed to help protect both you and your bank. Questions? Contact dbaris@aabd.org.

On October 24, 2023, federal banking agencies adopted a new Community Reinvestment Act (CRA) regulation that revolutionizes the obligations of banks with assets of $600 million or more. The rule will move banks away from the original intent of CRA, which was to encourage banks to meet the credit needs of their low to moderate income communities. In this episode of Calling All Bank Directors, Ken Thomas, a leading expert in CRA for many years, explains what the regulation says and what has changed from the old rule. He believes that the new rule will result in nearly 10 times the number of failing banks – from just over one percent to around 10 percent. AABD recorded this podcast episode  prior to the filing of a lawsuit by various bank trade associations Ken Thomas is the president and CEO of Community Development Fund Advisors and author of the seminal book on CRA. He taught at Wharton Business School for 42 years and serves on the Board of Directors of a community bank. ***** Thanks to our guest, Ken Thomas: https://www.communitydevelopmentfund.com/about/  Calling All Bank Directors is the podcast of the American Association of Bank Directors. AABD has been your advocate since 1989 and our podcast, hosted by AABD President David Baris, is designed to keep you well informed to help protect both you and your bank. Questions? Contact dbaris@aabd.org.

The recent failures of Silicon Valley Bank, Signature Bank, and First Republic Bank have upped the ante for your next examination. Expect it to be rigorous and searching for opportunities to take enforcement action against your bank, directors, and officers. Banking agencies have ramped up their review of bank liquidity, investments, and asset/liability management (ALM) in response to the failures and a flood of enforcement actions is anticipated. To help banks and their boards of directors and officers prepare, host David Baris is joined by David D. Gibbons to discuss preparing for your next examination. David Gibbons has extensive financial services experience with a unique blend of public and private sector experiences as a senior bank regulator, a practicing Chief Risk Officer, a financial services risk management and regulatory advisor, and a testifying expert. He serves as a member of AABD's Task Force studying how a bank director's risk of personal liability may be mitigated consistent with safe and sound banking. ***** Thanks to our guest, David Gibbons: https://daviddgibbons.com.  Calling All Bank Directors is the podcast of the American Association of Bank Directors. AABD has been your advocate since 1989 and our podcast, hosted by AABD President David Baris, is designed to keep you well informed to help protect both you and your bank. Questions? Contact dbaris@aabd.org.

In this episode, host David Baris is joined by Troutman Pepper Partners Lori Sommerfield and Chris Willis to discuss changes in fair lending regulation and supervision that represent new challenges to banks and their directors and officers. They are co-authors of the Practical Handbook on Fair Lending for Bank Directors and Executive Officers, 2nd Edition. Lori and Chris identify the important changes that have occurred since the Handbook's first edition in 2016, including more regulatory emphasis and actions relating to redlining, disparate impact, and redefinition of the statutory term “fair” to include discrimination. At Troutman Pepper, Lori and Chris represent banks, bank directors, and other bank officers in fair lending compliance, enforcement, examinations, and litigation.  ***** Thanks to our guests: Lori Sommerfield: https://www.troutman.com/professionals/lori-sommerfield.html  Chris Willis: https://www.troutman.com/professionals/chris-j-willis.html  Calling All Bank Directors is the podcast of the American Association of Bank Directors. AABD has been your advocate since 1989 and our podcast, hosted by AABD President David Baris, is designed to keep you well informed to help protect both you and your bank. Questions? Contact dbaris@aabd.org.

In this episode, David Baris is joined by Dave Martin to discuss the factors that influence banks to sell, and how the selling bank can plan to maximize its appeal to a buyer and the consideration paid in the transaction. Dave details the essential role that the buyer/seller ratio, which considers the number of potential buyers that exist in the bank's market, plays in the likelihood that a bank can be sold. He also explains the practical steps that a bank can take to improve its attractiveness and value to a buyer. Dave Martin advises banks on whether it is an opportune time to sell the institution and how to do it. With Mellon and several investment firms, he has represented banks in numerous bank mergers and acquisitions. ***** Thanks to our guest, Dave Martin. Calling All Bank Directors is the podcast of the American Association of Bank Directors. AABD has been your advocate since 1989 and our podcast, hosted by AABD President David Baris, is designed to keep you well informed to help protect both you and your bank. Questions? Contact dbaris@aabd.org.

In this episode of Calling All Bank Directors, Women2Boards Founder and CEO Nancy Sheppard addresses how to go about finding great bank directors.  She identifies specific strategies to tap into a variety of talented and qualified people from a variety of backgrounds, including women, ethnic minorities, and those outside the community or communities served by the bank. Prior to founding Women2Boards, Nancy served for over 20 years as CEO of Western Independent Bankers (now the Western Bankers Association). ***** Thanks to our guest, Nancy Sheppard: https://women2boards.com/  Calling All Bank Directors is the podcast of the American Association of Bank Directors. AABD has been your advocate since 1989 and our podcast, hosted by AABD President David Baris, is designed to keep you well informed to help protect both you and your bank. Questions? Contact dbaris@aabd.org.

In this episode, host and AABD President David Baris is joined by Dr. Ken Thomas, Founder and CEO of Community Development Fund Advisors, to address how proposed CRA regulations, once finalized, can impact your bank. A lot depends on the size of your bank. Banks with assets of $600 million or more will be facing an additional measure of CRA performance (retail lending) and those over $10 billion will have additional challenges. The comment period expires on August 5, 2022. Ken is a leading expert and author of the seminal work on CRA. He taught banking and monetary economics at Wharton for 42 years. He is the Chair of the Nominating and Corporate Governance Committee of a community bank. Community Development Fund Advisors manages the Community Development Fund, which enables banks to invest in CRA-qualified investments. ***** Thanks to our guest, Dr. Ken Thomas: https://www.linkedin.com/in/ken-thomas-2371a8125/  Calling All Bank Directors is the podcast of the American Association of Bank Directors. AABD has been your advocate since 1989 and our podcast, hosted by AABD President David Baris, is designed to keep you well informed to help protect both you and your bank. Questions? Contact dbaris@aabd.org.

In this episode, host David Baris is joined by Bill Boyan, a managing director at Piper Sandler, to address recent trends in bank mergers – including valuations, forms of consideration (stock, cash or a combination), and factors influencing their direction.  Bill will also discuss how banks can make themselves more valuable and attractive to acquirers, and anticipated capital needs and the movement from sub debt to equity. Bill has managed numerous bank mergers and capital raises in his long and successful career. A presentation to accompany this discussion is available here: https://bit.ly/3Pkvxuw ***** Thanks to our guest, Bill Boyan: https://www.pipersandler.com/2col.aspx?id=5777  Calling All Bank Directors is the podcast of the American Association of Bank Directors. AABD has been your advocate since 1989 and our podcast, hosted by AABD President David Baris, is designed to keep you well informed to help protect both you and your bank. Questions? Contact dbaris@aabd.org.

In this episode, host and AABD President David Baris is joined by Jeff Marsico, president and founding shareholder of the Kafafian Group, to address how the common misalignment of executive incentive compensation with the compensation of other bank employees can be injurious to banks' profit goals.  For example, if a loan officer is rewarded for volume and not for the profitability of the loan portfolio, that might lead the officer to sacrifice profitability for volume and act inconsistent with the bank's efforts to reach ROE goals. As president and a founding shareholder of the Kafafian Group, Jeff oversees and works on all lines of the banking business, with a focus on strategy, profitability, and financial advisory. He has analyzed and facilitated hundreds of strategy development engagements for community financial institutions. ***** Thanks to our guest, Jeff Marsico: https://kafafiangroup.com/team/jeffrey-p-marsico/  Calling All Bank Directors is the podcast of the American Association of Bank Directors. AABD has been your advocate since 1989 and our podcast, hosted by AABD President David Baris, is designed to keep you well informed to help protect both you and your bank. Questions? Contact dbaris@aabd.org.

In this episode, host and AABD President David Baris is joined by Ethan Heisler, who will address the Fed's timetable on rate hikes and quantitative tightening, the impact of the Fed draining reserves on bank deposit growth and strategies to address it, and questions that bank directors should be asking management on strategy and technology spending. Ethan is the Senior Director for Strategy at Kroll Bond Rating Agency.  He is the Editor of the Bank Treasury Newsletter, a monthly publication directed to financial institutions at the Treasury level. He was a Managing Director in Fixed Income Sales and headed up Citi's Bank Treasury Resource Group.  Before that, he was the Staff Director of Bank Analysis at the Federal Reserve Bank of New York. ***** Thanks to our guest, Ethan Heisler: https://www.linkedin.com/in/ethan-heisler-58b370119/  Calling All Bank Directors is the podcast of the American Association of Bank Directors. AABD has been your advocate since 1989 and our podcast, hosted by AABD President David Baris, is designed to keep you well informed to help protect both you and your bank. Questions? Contact dbaris@aabd.org.

In this episode, Tom Vartanian talks with host David Baris about how bank boards of directors can predict when the next financial crisis is coming, what bank boards can do to prepare for the risks of a financial crisis, and how they can avoid risks created by regulation. Tom is the former Executive Director and Professor of Law, Program on Financial Regulation, at GMU's Antonin Scalia Law School, a partner at both Dechert and Fried Frank, and General Counsel to the FHLBB and FSLIC.  He currently is a partner at the law firm of Vartanian & Ledig. He is the author of 200 Years of American Financial Panics: Crashes, Recessions, Depressions and the Technology that will Change it All. This is the second part of our financial crises discussion with Tom. ***** Thanks to our guest, Tom Vartanian: http://www.vllawfirm.com/   Calling All Bank Directors is the podcast of the American Association of Bank Directors. AABD has been your advocate since 1989 and our podcast, hosted by AABD President David Baris, is designed to keep you well informed to help protect both you and your bank. Questions? Contact dbaris@aabd.org.   Click here to listen to episode 42 or subscribe wherever you get your podcasts.   This is the second of two discussions with Tom.

In this episode, Tom Vartanian will address why the U.S. has experienced many more financial crises than most other developed countries and the role of government in causing or contributing to those events.  He will also discuss what may cause the next financial crisis. Tom is the former Executive Director and Professor of Law, Program on Financial Regulation, at GMU's Antonin Scalia Law School, a partner at both Dechert and Fried Frank, and General Counsel to the FHLBB and FSLIC.  He currently is a partner at the law firm of Vartanian & Ledig. He is the author of 200 Years of American Financial Panics: Crashes, Recessions, Depressions and the Technology that will Change it All. ***** Thanks to our guest, Tom Vartanian: http://www.vllawfirm.com/   Calling All Bank Directors is the podcast of the American Association of Bank Directors. AABD has been your advocate since 1989 and our podcast, hosted by AABD President David Baris, is designed to keep you well informed to help protect both you and your bank. Questions? Contact dbaris@aabd.org.

In this episode, host and AABD President David Baris is joined by Michael Glotz, co-founder and CEO of Strategic Risk Advisors, to advise bank boards of directors on key ERM questions such as: Does your bank have an ERM policy? Does that policy contain a risk framework (and what are the components of that framework)? Does the framework define responsibilities for the three lines of defense? Are management committee responsibilities defined to oversee identified risks? Has the board established a framework in which to oversee the numerous risks facing your institution? And more Michael will also address the importance of management frequently identifying the main risks facing the bank for the benefit of management and the board, how management is addressing those risks, reporting on key strategic initiatives, and how management is addressing the risks to achieving those initiatives. ***** Thanks to our guest, Michael Glotz: https://www.srarisk.com/people/michael-glotz  Calling All Bank Directors is the podcast of the American Association of Bank Directors. AABD has been your advocate since 1989 and our podcast, hosted by AABD President David Baris, is designed to keep you well informed to help protect both you and your bank. Questions? Contact dbaris@aabd.org.

In this episode, banking and corporate attorney Dub Sutherland will discuss how to plan for and negotiate agreements involving core challenger systems as an alternative or adjunct to the Old Guard core systems, and the role of your board of directors. Dub is a partner at Kennedy Sutherland and former community bank CEO. As an advisor to community banks, he guides his clients in the implementation of new business models and identification of new technologies to maintain relevancy in a rapidly changing environment.  ***** Thanks to our guest, Dub Sutherland: https://www.linkedin.com/in/dub-sutherland-1552686/  Calling All Bank Directors is the podcast of the American Association of Bank Directors. AABD has been your advocate since 1989 and our podcast, hosted by AABD President David Baris, is designed to keep you well informed to help protect both you and your bank. Questions? Contact dbaris@aabd.org.

In this episode, banking and corporate attorney Dub Sutherland will discuss whether your bank should consider core challenger systems as an alternative or adjunct to the Old Guard core systems and, if so, how. He will also address the role of the board of directors in guiding management to evaluate, in concert with outside advisors if needed, alternative systems. Dub is a partner at Kennedy Sutherland and former community bank CEO. As an advisor to community banks, he guides his clients in the implementation of new business models and identification of new technologies to maintain relevancy in a rapidly changing environment.  ***** Thanks to our guest, Dub Sutherland: https://www.linkedin.com/in/dub-sutherland-1552686/  Calling All Bank Directors is the podcast of the American Association of Bank Directors. AABD has been your advocate since 1989 and our podcast, hosted by AABD President David Baris, is designed to keep you well informed to help protect both you and your bank. Questions? Contact dbaris@aabd.org.

Host and AABD President David Baris is joined again by Remedy Consulting partner Charlie Kelly to continue their conversation on what bank directors need to know about bank technology and questions to ask their CEO. Charlie will discuss the bank board role in technology contracts, the biggest risks in those contracts, the special events that need to be anticipated during the life of the contract, the time needed for renegotiating contracts or finding another vendor and conducting deconversions, and pricing and negotiation of technology contracts. Remedy Consulting advises banks and credit unions on system selections and contract negotiation, vendor management, mergers and acquisitions, and technology strategy. Charlie hosts a thought leadership podcast for bank executives called BankTalk. Prior to Remedy, Charlie served as the Vice President of Product Pricing and Contracts at Fiserv, where he was responsible for negotiating client contract setting products and pricing strategy. ***** Thanks to our guest, Charlie Kelly: https://www.linkedin.com/in/charlie-kelly1/  Calling All Bank Directors is the podcast of the American Association of Bank Directors. AABD has been your advocate since 1989 and our podcast, hosted by AABD President David Baris, is designed to keep you well informed to help protect both you and your bank. Questions? Contact dbaris@aabd.org.

This week, Host and AABD President David Baris is joined by Remedy Consulting partner Charlie Kelly to discuss what bank directors need to know about bank technology and questions to ask their CEO. Charlie will discuss the banking products that drive the need for technology, questions on whether to rely on a single vendor, planning for the long process of renewing a core processing contract or finding a new vendor, and gaining an understanding of the bank's current and future technology needs that can support and strengthen the customer relationship. Remedy Consulting advises banks and credit unions on system selections and contract negotiation, vendor management, mergers and acquisitions, and technology strategy. Charlie hosts a thought leadership podcast for bank executives called BankTalk. Prior to Remedy, Charlie served as the Vice President of Product Pricing and Contracts at Fiserv, where he was responsible for negotiating client contract setting products and pricing strategy. ***** Thanks to our guest, Charlie Kelly: https://www.linkedin.com/in/charlie-kelly1/  Calling All Bank Directors is the podcast of the American Association of Bank Directors. AABD has been your advocate since 1989 and our podcast, hosted by AABD President David Baris, is designed to keep you well informed to help protect both you and your bank. Questions? Contact dbaris@aabd.org.

This week, Host and AABD President David Baris is joined again by Will Taylor to discuss current and prospective issues affecting your bank's ALCO and investments. Will has been the Director of the Portfolio Management Group at Vining Sparks.  He has extensive knowledge and experience of balance sheet management techniques and investments.  He has served on the faculty of Southwest School of Banking, Mid-South School of Banking, and the Western Independent Bankers Bond University. Will discusses the current and future prospects for interest rates and how a bank may plan for interest rate changes.  He will also provide advice on how bank boards and ALCO committees can play an important role in overseeing this risk and the importance of ALCO policies and implementation. ***** Thanks to our guest, Will Taylor. Calling All Bank Directors is the podcast of the American Association of Bank Directors. AABD has been your advocate since 1989 and our podcast, hosted by AABD President David Baris, is designed to keep you well informed to help protect both you and your bank. Questions? Contact dbaris@aabd.org.

This week, Host and AABD President David Baris is joined again by Will Taylor to discuss current and prospective issues affecting your bank’s ALCO and investments. Will has been the Director of the Portfolio Management Group at Vining Sparks. He has extensive knowledge and experience of balance sheet management techniques and investments. He has served on the faculty of Southwest School of Banking, Mid-South School of Banking, and the Western Independent Bankers Bond University. Will discusses the current and future prospects for interest rates and how a bank may plan for interest rate changes.   ***** Thanks to our guest, Will Taylor. Calling All Bank Directors is the podcast of the American Association of Bank Directors. AABD has been your advocate since 1989 and our podcast, hosted by AABD President David Baris, is designed to keep you well informed to help protect both you and your bank. Questions? Contact dbaris@aabd.org.

Host and AABD President David Baris is joined again by Will Taylor to discuss current and prospective issues affecting your bank's ALCO and investments. Will has been the Director of the Portfolio Management Group at Vining Sparks. He has extensive knowledge and experience of balance sheet management techniques and investments. He has served on the faculty of Southwest School of Banking, Mid-South School of Banking, and the Western Independent Bankers Bond University. Will discusses the current and future prospects for interest rates and how a bank may plan for interest rate changes. He also provides advice on how bank boards and ALCO committees can play an important role in overseeing this risk. ***** Thanks to our guest, Will Taylor. Calling All Bank Directors is the podcast of the American Association of Bank Directors. AABD has been your advocate since 1989 and our podcast, hosted by AABD President David Baris, is designed to keep you well informed to help protect both you and your bank. Questions? Contact dbaris@aabd.org.

This week, Host and AABD President David Baris is joined by Will Taylor to discuss current and prospective issues affecting your bank’s asset-liability management and investments.   Will Taylor has been the Director of the Portfolio Management Group at Vining Sparks. He has extensive knowledge and experience of balance sheet management techniques and investments. He has served on the faculty of Southwest School of Banking, Mid-South School of Banking, and the Western Independent Bankers Bond University.   Will discusses the current and future prospects for interest rates and how a bank may plan for interest rate changes. He will also provide advice on how bank boards and ALCO committees can play an important role in overseeing this risk.   ***** Thanks to our guest, Will Taylor. Calling All Bank Directors is the podcast of the American Association of Bank Directors. AABD has been your advocate since 1989 and our podcast, hosted by AABD President David Baris, is designed to keep you well informed to help protect both you and your bank. Questions? Contact dbaris@aabd.org.

This week, host and AABD President David Baris is joined by Ken Thomas, one of the leading experts on CRA in the country. If he doesn’t know the answer, no one does.  He also is the president of Community Development Fund Advisors and serves as a director of a community bank in New York and as Chair of the Nominating and Corporate Governance Committee. He was a lecturer at Wharton for 42 years. Ken will discuss CRA, fair lending, and fair banking in light of the anticipated challenges from the new Biden administration. He will provide advice on how bank boards can play an important role in overseeing this risk and helping their bank meet not just responsibilities under law but also to the community. As Ken says in the podcast episode, if it hasn’t happened yet, it will.  This should be a front burner issue for bank directors. ***** Thanks to our guest, Ken Thomas: https://www.linkedin.com/in/ken-thomas-2371a8125/  Calling All Bank Directors is the podcast of the American Association of Bank Directors. AABD has been your advocate since 1989 and our podcast, hosted by AABD President David Baris, is designed to keep you well informed to help protect both you and your bank. Questions? Contact dbaris@aabd.org.

This week, host and AABD President David Baris is joined again by Tom Fitzgerald to conclude their discussion on how to prepare for your next bank examination. Tom will discuss the human interaction between a bank and an examiner that can be crucial to the results - there is more to an examination than just the facts.Tom was a National Bank Examiner and Senior Executive at the Comptroller of the Currency, then a Senior Consultant at Promontory.  He examined numerous national banks during and after the S&L crisis and supported rehabilitation efforts for many of them, and at Promontory, he assisted banks to address regulatory concerns with their financial condition.*****Thanks to our guest, Tom Fitzgerald: https://www.linkedin.com/in/thomas-fitzgerald-01297b36/ Calling All Bank Directors is the podcast of the American Association of Bank Directors. AABD has been your advocate since 1989 and our podcast, hosted by AABD President David Baris, is designed to keep you well informed to help protect both you and your bank.Questions? Contact dbaris@aabd.org.

This week, host and AABD President David Baris is joined again by Ross Marrazzo, Managing Partner and Head of Compliance and Ethics of Treliant LLC, a leading bank consulting firm.In Part 2 to our BSA/AML discussion, Ross will address metrics prepared by the BSA Officer for your board to review, the importance of accurate data across the organization, the role of the board in evaluating staffing and qualifications of management, the advantages of having at least one board member with relevant background, and measures that the board can take to mitigate the risk of enforcement actions.Ross has over 34 years of domestic and international experience in the design, oversight, and assessment of AML/BSA, global economic sanctions, fraud, and anti-bribery/corruption programs.*****Thanks to our guest, Ross Marrazzo: https://www.treliant.com/our-team/ross-marrazzo/ Calling All Bank Directors is the podcast of the American Association of Bank Directors. AABD has been your advocate since 1989 and our podcast, hosted by AABD President David Baris, is designed to keep you well informed to help protect both you and your bank.Questions? Contact dbaris@aabd.org.

This week, host and AABD President David Baris is joined by Ross Marrazzo, Managing Partner and Head of Compliance and Ethics of Treliant LLC, a leading bank consulting firm.In Part 1 to our BSA/AML discussion with Ross, he will address bank board responsibilities and regulatory expectations, program sustainability and resilience, how bank boards succeed or fail, and the metrics that boards should look for from their BSA Officer.Ross has over 34 years of domestic and international experience in the design, oversight, and assessment of AML/BSA, global economic sanctions, fraud, and anti-bribery/corruption programs.*****Thanks to our guest, Ross Marrazzo: https://www.treliant.com/our-team/ross-marrazzo/ Calling All Bank Directors is the podcast of the American Association of Bank Directors. AABD has been your advocate since 1989 and our podcast, hosted by AABD President David Baris, is designed to keep you well informed to help protect both you and your bank.Questions? Contact dbaris@aabd.org.

This week we're joined by Tom Fitzgerald, who was a National Bank Examiner and Senior Executive at the Comptroller of the Currency, then a Senior Consultant at Promontory. Tom examined numerous national banks during and after the S&L crisis and supported successful rehabilitation efforts for many of them and, at Promontory, he assisted banks to navigate regulatory concerns with their financial condition.Tom will discuss how your bank should prepare for your next examination in light of the financial risks. Bank examinations are the heart of bank supervision and bad results often lead to enforcement actions.*****Thanks to our guest, Tom Fitzgerald: https://www.linkedin.com/in/thomas-fitzgerald-01297b36/ Calling All Bank Directors is the podcast of the American Association of Bank Directors. AABD has been your advocate since 1989 and our podcast, hosted by AABD President David Baris, is designed to keep you well informed to help protect both you and your bank.Questions? Contact dbaris@aabd.org.

This week, we're again joined by Maxine Hart, Head of Human Resources at Reading Cooperative Bank, Reading, Massachusetts. Maxine was a key player in Reading's development and implementation of a bank apprenticeship program in collaboration with the Massachusetts Departments of Labor and Banking.Maxine will discuss with host and AABD President David Baris why your bank board and management should consider an apprenticeship program to tap into talent from previously untapped sources, and how to implement such a program.*****Thanks to our guest, Maxine Hart: https://www.linkedin.com/in/maxine-hart-sphr-28225112/ Calling All Bank Directors is the podcast of the American Association of Bank Directors. AABD has been your advocate since 1989 and our podcast, hosted by AABD President David Baris, is designed to keep you well informed to help protect both you and your bank.Questions? Contact dbaris@aabd.org.

This week, we're joined by Maxine Hart, Head of Human Resources at Reading Co-operative Bank in Reading, Massachusetts. Maxine was a key player in Reading's development and implementation of a successful bank apprenticeship program in collaboration with the Massachusetts Departments of Labor and Banking.Maxine will discuss how and why your bank board and management should consider an apprenticeship program to tap into talent from previously untapped sources.*****Thanks to our guest, Maxine Hart: https://www.linkedin.com/in/maxine-hart-sphr-28225112/ Calling All Bank Directors is the podcast of the American Association of Bank Directors. AABD has been your advocate since 1989 and our podcast, hosted by AABD President David Baris, is designed to keep you well informed to help protect both you and your bank.Questions? Contact dbaris@aabd.org.

This week, we're joined again by Lynda Bennett, Chair of the Insurance Recovery Group and member of the Executive Board at Lowenstein Sandler. With 25 years of experience, Lynda represents banks and other corporate policyholders on reviewing and negotiating the terms of D&O policies and other insurance policies, and litigating, negotiating, and resolving complicated disputes with insurers.In this episode, Lynda provides extraordinary insight into how banks and their directors can successfully access their coverage; the importance of understanding the scope of the bank's indemnification of directors and officers before the policy terms are finalized, how the definition of "claim" in the policy may affect coverage for regulatory investigations and other matters, how to properly and timely file and manage a claim, and how to negotiate the language in the policy without necessarily increasing the cost of the coverage.*****Thanks to our guest, Lynda Bennett: https://www.linkedin.com/in/lynda-bennett-502a0a8/ Calling All Bank Directors is the podcast of the American Association of Bank Directors. AABD has been your advocate since 1989 and our podcast, hosted by AABD President David Baris, is designed to keep you well informed to help protect both you and your bank.Questions? Contact dbaris@aabd.org.

This week, we're joined by Lynda Bennett, Chair of the Insurance Recovery Group and member of the Executive Board at Lowenstein Sandler.  With 25 years of experience, Lynda represents banks and other corporate policyholders on reviewing and negotiating the terms of D&O policies and other insurance policies, and litigating, negotiating and resolving complicated disputes with insurers.Lynda will address the current market, the most important provisions in a D&O policy, the most common mistakes that banks make regarding D&O insurance, and how your bank may achieve the best possible insurance coverage.*****Thanks to our guest, Lynda Bennett: https://www.linkedin.com/in/lynda-bennett-502a0a8/ Calling All Bank Directors is the podcast of the American Association of Bank Directors. AABD has been your advocate since 1989 and our podcast, hosted by AABD President David Baris, is designed to keep you well informed to help protect both you and your bank.Questions? Contact dbaris@aabd.org.

Host and AABD President David Baris is joined again by Dr. Dave Skanderson, an expert on analyzing statistical evidence of fair lending results, to discuss redlining and what it might mean to your bank and board. This is part 2 to our discussion.What is redlining?  How does your board find out if your bank is engaging in redlining or appearing to do so?  What preemptive steps can your bank take to assure that it is now and will be in compliance with legal and regulatory requirements?  What corrective action can your board take to fix the problem and minimize risk of liability?In part 2, Dr. Skanderson will complete his answers to these questions and also address recent enforcement actions of the banking agencies and CFPB against institutions alleged to have engaged in redlining in order to guide bank directors into taking steps now to minimize risks of enforcement actions.*****Thanks to our guest, Dr. Dave Skanderson: https://www.linkedin.com/in/davidskanderson/Calling All Bank Directors is the podcast of the American Association of Bank Directors. AABD has been your advocate since 1989 and our podcast, hosted by AABD President David Baris, is designed to keep you well informed to help protect both you and your bank.Questions? Contact dbaris@aabd.org.

This week, host and AABD President David Baris is joined again by Dr. Dave Skanderson, an expert on analyzing statistical evidence of fair lending results, to discuss redlining and what it might mean to your bank and board. Redlining has a long history but even to this day, it still raises its ugly head. This is part 1 of our discussion.What is redlining? How does your board find out if your bank is engaging in redlining or appearing to do so? What preemptive steps can your bank take to assure that it is now and will be in compliance with legal and regulatory requirements? What corrective action can your board take to fix the problem and minimize risk of liability?Dr. Skanderson will answer these questions and also address recent enforcement actions of the banking agencies and CFPB against institutions alleged to have engaged in redlining in order to guide bank directors into taking steps now to minimize risks of enforcement actions.*****Thanks to our guest, Dr. Dave Skanderson: https://www.linkedin.com/in/davidskanderson/Calling All Bank Directors is the podcast of the American Association of Bank Directors. AABD has been your advocate since 1989 and our podcast, hosted by AABD President David Baris, is designed to keep you well informed to help protect both you and your bank.Questions? Contact dbaris@aabd.org.

This week, host and AABD President David Baris is joined again by Calvin Henderson, who has been involved for many years in loan administration and credit review as a senior officer at Bank of America and Wells Fargo.Episode 19 addressed lessons learned from the Great Recession on loan administration and credit review mistakes, and how to avoid them now through strong policies, procedures, and qualified personnel.This time, Calvin will discuss red flags that bank boards and bank management can use to spot a weakness early on, when there is time to fix it. He will also describe the board reports and information that the board will need to identify red flags.******Thanks to our guest, Calvin Henderson: https://www.linkedin.com/in/henderson-calvin-62245816/ Calling All Bank Directors is the podcast of the American Association of Bank Directors. AABD has been your advocate since 1989 and our podcast, hosted by AABD President David Baris, is designed to keep you well informed to help protect both you and your bank.Questions? Contact dbaris@aabd.org.

This week, host and AABD President David Baris is joined by Calvin Henderson, who has been involved for many years in loan administration and credit review as a senior officer at Bank of America and Wells Fargo. Calvin will take us through lessons to be learned from the Great Recession – what were the mistakes made by failed banks in loan administration and credit review. He will also provide you specific suggestions on how to strengthen your board's and bank's efforts such as establishing and maintaining an independent credit review function.  ******Thanks to our guest, Calvin Henderson: https://www.linkedin.com/in/henderson-calvin-62245816/ Calling All Bank Directors is the podcast of the American Association of Bank Directors. AABD has been your advocate since 1989 and our podcast, hosted by AABD President David Baris, is designed to keep you well informed to help protect both you and your bank.Questions? Contact dbaris@aabd.org.

This week, host and AABD President David Baris is joined by AABD Advisor Dave Martin, who has been involved for many years in bank mergers as an investment banker, to discuss how to go about conducting and supervising a thorough due diligence review.Bank directors often do not fully understand the due diligence process or its importance in acquiring a bank or being acquired. This podcast episode provides bank directors and management insight into the process from a highly experienced practitioner.******Thanks to our guest, Dave Martin.Calling All Bank Directors is the podcast of the American Association of Bank Directors. AABD has been your advocate since 1989 and our podcast, hosted by AABD President David Baris, is designed to keep you well informed to help protect both you and your bank.Questions? Contact dbaris@aabd.org.

This week, host and AABD President David Baris is joined by Joe Scully, who, as president of FGIB, Inc., has been involved for many years  in representing banks and bank directors and officers in obtaining D&O insurance through good times and bad.******Thanks to our guest, Joe Scully: https://www.linkedin.com/in/joseph-scully-49358415/ Calling All Bank Directors is the podcast of the American Association of Bank Directors. AABD has been your advocate since 1989 and our podcast, hosted by AABD President David Baris, is designed to keep you well informed to help protect both you and your bank.Questions? Contact dbaris@aabd.org.

This week, host and AABD President David Baris is again joined by Bill Boyan, a Managing Director at Piper Sandler, who has been involved as an investment banker in numerous capital raises and bank mergers.  He will share his perspective on whether your bank should raise capital now and, if so, how and in what form.******Thanks to our guest, Bill Boyan: http://www.pipersandler.com/2col.aspx?id=5777Calling All Bank Directors is the podcast of the American Association of Bank Directors. AABD has been your advocate since 1989 and our podcast, hosted by AABD President David Baris, is designed to keep you well informed to help protect both you and your bank.Questions? Contact dbaris@aabd.org.

This week, Host and AABD President David Baris is joined again by AABD Advisor Dave Martin, who has been involved as an investment banker in numerous bank mergers, including mergers of equals. He will share his perspective on mergers of equals and whether they might make sense for your board to consider.*****Thanks to our guest, Dave Martin.Calling All Bank Directors is the podcast of the American Association of Bank Directors. AABD has been your advocate since 1989 and our podcast, hosted by AABD President David Baris, is designed to keep you well informed to help protect both you and your bank.Questions? Contact dbaris@aabd.org.

This week, host and AABD President David Baris is joined by Dr. Dave Skanderson, an expert on analyzing statistical evidence of fair lending results, to discuss disparate impact and what it might mean to your bank and board.*****Thanks to our guest, Dr. Dave Skanderson: https://www.linkedin.com/in/davidskanderson/Calling All Bank Directors is the podcast of the American Association of Bank Directors. AABD has been your advocate since 1989 and our podcast, hosted by AABD President David Baris, is designed to keep you well informed to help protect both you and your bank.Questions? Contact dbaris@aabd.org.

This week, host and AABD President David Baris is joined by Bob Lerman, a leading academic expert on U.S. apprenticeships, to discuss how your bank can establish a bank apprenticeship program.Bank apprenticeships are popular in the U.K. but not yet in the U.S. Bob will explain the benefits to your bank and how you can go about obtaining outside support to start an apprenticeship program.Whether the subject is IT, lending, customer support, or auditing, bank apprenticeships can work. Find out how!*****Thanks to our guest, Bob Lerman: https://www.urban.org/author/robert-i-lermanCalling All Bank Directors is the podcast of the American Association of Bank Directors. AABD has been your advocate since 1989 and our podcast, hosted by AABD President David Baris, is designed to keep you well informed to help protect both you and your bank.Questions? Contact dbaris@aabd.org.

This week, host and AABD President David Baris is joined by Ken Thomas, a leading expert in the Community Reinvestment Act, to discuss what bank Boards and management should be doing now to help assure that all their customers are being treated fairly.*****Thanks to our guest, Ken Thomas: https://www.linkedin.com/in/ken-thomas-2371a8125/ Calling All Bank Directors is the podcast of the American Association of Bank Directors. AABD has been your advocate since 1989 and our podcast, hosted by AABD President David Baris, is designed to keep you well informed to help protect both you and your bank.Questions? Contact dbaris@aabd.org.

In this week's episode of Calling All Bank Directors, host and AABD President David Baris is once again joined by AABD Advisor Dave Martin, an expert in bank mergers and acquisitions, who explains how bank Boards and CEOs can plan to buy a bank now or later.*****Thanks to our guest, Dave Martin, for joining us. Calling All Bank Directors is the podcast of the American Association of Bank Directors. AABD has been your advocate since 1989 and our podcast, hosted by AABD President David Baris, is designed to keep you well informed to help protect both you and your bank.Questions? Contact dbaris@aabd.org.

In this week's episode of Calling All Bank Directors, host and AABD President David Baris is joined by AABD Advisor Dave Martin, an expert in bank mergers and acquisitions, who explains how bank boards and CEOs can sell their banks now or later. *****Thanks to our guest, Dave Martin, for joining us. Calling All Bank Directors is the podcast of the American Association of Bank Directors. AABD has been your advocate since 1989 and our podcast, hosted by AABD President David Baris, is designed to keep you well informed to help protect both you and your bank.Questions? Contact dbaris@aabd.org.

In this episode, host and AABD President David Baris is joined by Steve Lane, a co-founder of Strategic Risk Associates (SRA), who has conducted numerous stress tests for community and mid-sized banks. Steve will address why your bank needs to do stress tests, and how to conduct ones that will be invaluable to your bank's credit and risk management and capital needs.*****Thanks to our guest, Steve Lane: https://www.linkedin.com/in/stephen-lane-3822aa6/Calling All Bank Directors is the podcast of the American Association of Bank Directors. AABD has been your advocate since 1989 and our podcast, hosted by AABD President David Baris, is designed to keep you well informed to help protect both you and your bank.Questions? Contact dbaris@aabd.org.

This week, host and AABD President David Baris is joined by Pat Kennedy, managing partner of Kennedy Sutherland, to discuss why many of his bank clients have chosen to elect S Corp status. About one-third of the banks in the United States are S Corps, mainly for tax and efficiency reasons.*****Thanks to our guest, Pat Kennedy: http://kslawllp.com/bios/#1505764298438-0581006a-a112Calling All Bank Directors is the podcast of the American Association of Bank Directors. AABD has been your advocate since 1989 and our podcast, hosted by AABD President David Baris, is designed to keep you well informed to help protect both you and your bank.Questions? Contact dbaris@aabd.org.

This week, host and AABD President David Baris is joined by Kim Belcher, a partner at Yount, Hyde and Barbour engaged in auditing and consulting for numerous community banks, to discuss qualitative and other factors to consider under the incurred loss model for determining the appropriate loan loss Allowance in a transitional period.******Thanks to our guest, Kim Belcher: https://www.yhbcpa.com/staff/kimberly-p-belcher-cpa/Calling All Bank Directors is the podcast of the American Association of Bank Directors. AABD has been your advocate since 1989 and our podcast, hosted by AABD President David Baris, is designed to keep you well informed to help protect both you and your bank.Questions? Contact dbaris@aabd.org.

This week, host and AABD President David Baris is joined by Bill Boyan, a Managing Director of Piper Sandler engaged in representing banks in merger transactions for many years, to discuss your bank's current and prospective valuation, and reasons to consider selling now.Download "What Is Your Bank Worth" here: https://bit.ly/WhatsYourBankWorth ******Thanks to our guest, Bill Boyan: http://www.pipersandler.com/2col.aspx?id=5777Calling All Bank Directors is the podcast of the American Association of Bank Directors. AABD has been your advocate since 1989 and our podcast, hosted by AABD President David Baris, is designed to keep you well informed to help protect both you and your bank.Questions? Contact dbaris@aabd.org.

Host and AABD President David Baris is joined this week by Tom Milburn, a partner at Yount, Hyde & Barbour, to discuss the role of your Board Audit Committee in overseeing management's review of your bank's Allowance in a period of transition and turmoil. At YHB, Tom engages in auditing and consulting for large regional banks and small non-public banks.******Thanks to our guest Tom Milburn: https://www.yhbcpa.com/staff/thomas-l-milburn-cpa/Calling All Bank Directors is the podcast of the American Association of Bank Directors. AABD has been your advocate since 1989 and our podcast, hosted by AABD President David Baris, is designed to keep you well informed to help protect both you and your bank.Questions? Contact dbaris@aabd.org.

On this episode of Calling All Bank Directors, host and AABD President David Baris is joined by Michael Glotz, co-founder and CEO of Strategic Risk Advisors, to share his knowledge and experience working with bank boards and management on adjusting their risk management governance to meet the challenges triggered by the COVID-19 pandemic.******Thank you to our guest, Michael Glotz: https://www.srarisk.com/people/michael-glotzCalling All Bank Directors is the podcast of the American Association of Bank Directors. AABD has been your advocate since 1989 and our podcast, hosted by AABD President David Baris, is designed to keep you well informed to help protect both you and your bank.Questions? Contact dbaris@aabd.org.

In this episode of AABD's Calling All Bank Directors, Host and AABD President David Baris is again joined by AABD Advisor Dave Martin, who shares his experience representing numerous banks on the factors that banks and their Boards should consider in deciding whether to buy a bank, sell their bank, or do neither.******Calling All Bank Directors is the podcast of the American Association of Bank Directors. AABD has been your advocate since 1989 and our podcast, hosted by AABD President David Baris, is designed to keep you well informed to help protect both you and your bank.Questions? Contact dbaris@aabd.org. 

Our experience has been that many bank boards have not fully thought through their bank’s strategic plan before deciding to buy or sell. The investment banker often drives the transaction before the bank's strategic plan is in place to support the transaction. This episode will address how your bank board can better oversee the process before the transaction takes on a life of its own.Host and AABD President David Baris is again joined by AABD Advisor Dave Martin, former commercial banker at Mellon where he managed acquisitions and former managing director at Sandler O'Neill, where he was involved in numerous bank mergers.******Calling All Bank Directors is the podcast of the American Association of Bank Directors. AABD has been your advocate since 1989 and our podcast, hosted by AABD President David Baris, is designed to keep you well informed to help protect both you and your bank.Questions? Contact dbaris@aabd.org.