Pub. 14 2024-2025 Issue 2

When formulating a leadership succession plan, one choice looms as the most critical: inside or outside? That is, will you nurture and cultivate your most promising internal team members for future leadership roles? Or will you seek your successors from the outside, bringing in potentially fresh ideas and perspectives?

There’s little certainty in the current economic environment. As the Federal Reserve works to strike a delicate balance to tame inflation without stagnating growth, central bankers have repeatedly remarked on the murky future for rates.

In today’s crowded digital marketplace, simply being online is no longer enough. For financial institutions, visibility is paramount to standing out in a competitive field. The key to this visibility lies in mastering share of voice (SOV), a crucial metric that can separate thriving banks and financial services from those slipping into obscurity.

Spencer Davis Human Resources Officer/First Assistant V.P.ANB Bank How did you get started in the banking industry? I started my career in the non-profit industry out of college. After having the opportunity to interview for my position at ANB Bank, I recognized the commitment to the community, the passion to develop employees and a culture that

Among the regulations and compliance requirements imposed on the banking industry, there is one that may fall below the radar: Affirmative Action (AA). As stated by the Office of Federal Contract Compliance Programs (OFCCP), “Financial institutions with federal share and deposit insurance are considered to be government contractors” and required to comply with Affirmative Action. A quick review of AA may be helpful.

What Happened to Q Factors Under CECL? Qualitative factors, or Q factors, play an important role in calculating the allowance for credit losses. But banks and credit unions have needed to adjust how they tackle developing these adjustments under CECL, the current expected credit loss standard. Q factors — more specifically, “What’ll happen to my

Denver is home to the sixth busiest airport in the world. People from across the world fly into Colorado to enjoy our beautiful state. And Coloradans across the state are busy making travel plans to either visit far-away loved ones or go on well-deserved vacations.