A Community Bank Director Advisor Issue #39 - September 2010  

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inform. educate. connect.

Is Your D&O Insurance Keeping You Up At Night?

Regulatory orders or other troubles in your bank often mean trouble with D&O insurance renewals and cost. WIB’s-endorsed insurance broker has helped many banks and boards deal with this challenge.

Get a free review of your current coverage. Contact Pat Corey, Independent Bankers insurance Services at pcorey@ibisinsurance.com or call  (480) 663-3778. 


Hot Director Education Programs

WIB has an extensive array of quality education programs for bank directors planned, including those listed below. Don't miss out! Check wib.org for updates to our directors' offerings throughout the year.

Directors: Interest Rate Risk Management and the Director - September 24 – Webinar

Annual Directors Conference - October 7-9, 2010 – The Fairmont San Francisco

Directors: Building a Better Board - November 8 – Webinar

Annual Conference for Bank Presidents, Senior Officers & Directors - February 26-March 2, 2011 – Grand Wailea, Maui, Hawaii

Click here to view other Directors Programs

Don't Neglect Director Education in the New Regulatory Environment

Now more than ever before, the regulators are honing in on the role of the director in oversight of the bank’s operations. Director education is key to your bank’s success. WIB is pleased to present two conferences that will provide you with the information you need to fulfill your role as director effectively.

At the Annual Directors Conference, October 7-9 at The Fairmont in San Francisco, you will get insight into such topics as:

  • Tomorrow’s regulatory landscape
  • Economic and regulatory insights
  • Asking the right questions and getting the right answers

In addition, you will participate in two Facilitated Peer Exchange Sessions. Nowhere else will you get the opportunity to gather with peers that can help make a difference in your role as a bank director.

At the Annual Conference, February 26-March 11 at The Grand Wailea in Maui, you will connect with community bank presidents, senior officers and directors from across the West to engage in discussions on high-impact solutions and resources that will support you as you work to strengthen your bank. In addition to the return of the hit Mock Board Session and Director Peer Exchange Sessions, director-specific sessions include:

  • D&O Insurance: What You Don’t Know Can Cost You
  • The New Face of Strategic Planning
  • What are New Benchmarks for Director Compensation?   

 To register for either or both of these valuable conferences, click here.


Executive Compensation: The New Risks of Rewards
Henry Oehmann and Jim Pulsipher, Grant Thornton LLP

Financial institutions face more scrutiny from regulators and the general public than ever before regarding executive and incentive pay – making executive compensation a risk unto itself. Financial institutions must be ready to address the new compensation rules set out by the Dodd-Frank Act and other recent guidance. This article explores the new rules and offers some ways institutions can take a fresh look at compensation and risk management.  <read more>

What Does Financial Reform Really Mean for the Board?
Philip K. Smith, Gerrish McCreary Smith, PC

The Dodd-Frank Act is here, but how will it really impact what we do on a day-to-day basis? This article discusses some of the key provisions boards need to be aware of.  <read more>

Liquidity 2010: In the Eye of the Examiner
Shawn O’Brien, QwickRate

While you don’t have to know the intricacies of the bank’s liquidity policies and procedures, you are responsible for guiding senior management and holding them accountable. Here’s what you need to do to ensure that your bank is on top of liquidity and prove to examiners that it’s adequately prepared for whatever lies ahead.  <read more>

Western Independent Magazine Spotlight
Diligent Board Books – Innovative, Efficient & Cost Effective Solution for Your Board and Committees
Anne K. Scully, WIB Service Corporation

WIB Service Corporation seeks out products or services for endorsement that have a proven track record of generating revenue, reducing expenses or providing a competitive differentiator for our member banks. With this philosophy in mind, in 2009, WIB and WIB Service Corporation partnered with Diligent Board Member Services to offer WIB members Diligent Boardbooks – an Internet-based “board portal” specifically designed to simplify and centralize the management and delivery of board and committee meeting materials.  <read more>


Converse with peers, share ideas with community banking experts and find resources at your fingertips online at iConnect. iConnect is WIB’s newest way in which to spark discussion, share information and best practices, and connect with those seeking information about community banking. To learn more about how to get started, click here. Or view our 30 minute webinar just for bankers about how best to use iConnect.

Are you getting only the information you want from WIB? You can set your communication preferences online with your MyWIB account. Your MyWIB account allows you to tell us how you want to be communicated to and makes it easy to update any of your contact information at any time. To access your MyWIB account, click here and click on “My Interests” or “My Subscriptions” to choose your preferences.

Take advantage of another valuable resource from WIB - the WIB Article Archives! You'll find a variety of articles on Directors Issues, as well as other important topics! 

Click here to explore the WIB Article Archives

Click here to view an electronic version of the lastest issue