| A Community Bank Director Advisor | Issue #46 - April 2011 |
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Workshops Target Director Education WIB is putting the finishing touches on a slate of Directors Workshops that will be held in various locations in the coming months. The regulators have long paid close attention to the knowledge each bank director has, both about the bank and about the industry and banking regulations. WIB's Directors Workshop series will help get you up-to-speed in key areas you need to know about, including:
Be sure to check www.wib.org for additional information as it becomes available. And to be sure you are receiving first notice of new programs for directors, be sure you have set up your MyWIB account and selected your communication preferences! The
Director’s Role in Compliance There is no question that Dodd-Frank is going to materially change the way banks do business in the future. In our current environment, regulatory change is a fact of life. This article focuses on the compliance role of the board and management, and the potential benefits of structuring a new type of compliance program for the bank. <read more> Giving
Your Control Environment Strong Foundations Internal audit can shed light on some recurring differentiators of strong bank performance. Well-managed banks typically demonstrate a disciplined approach to four key areas: policies, (written) procedures, limits and certifications. Get these four right and directors can sleep comfortably at night knowing the bank's internal control environment has strong foundations. This column will address the particular importance of the four key differentiators, as well as provide guidance to structuring and executing them effectively. <read more> Evaluating
the Investment Portfolio from 30,000 Feet A traditional bank has an investment portfolio that comprises approximately 30% of total assets, thus qualifying it as a vital component of the balance sheet worthy of attention at the highest levels. With this in mind, what aspects of the portfolio should directors focus on to provide strategic direction and oversight? <read more> Trends
and Tactics in Finally Paying off TARP Banks generally have several reasons for wanting to exit TARP, including the substantial cost of the 5% pre-tax dividend rate (rising to 9% in 2-3 years), restrictions on dividends and buybacks and potential liability for improper usage or disclosures relating to TARP. This article describes some tactics banks have used in paying off TARP and some of the results to date. <read more>  Want
to save yourself time and the bank money? Join
WIB’s newest Collaborative Network by cbanc. This online
network is an online network of community bankers sharing
industry information that will help to save you time and the
bank money. You can find templates for policies that your bank
is currently in need of. The network is open to bankers across
the country so you have the opportunity to tap into a wealth
of information. To learn more, click
here.
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Take advantage of another valuable resource from WIB - the WIB Article Archives! You'll find a variety of articles on important topics. Click here to explore the WIB Article Archives Click here to view an electronic version of the latest issue |
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