Highlights of the First Quarter 2003 Issue of Bank Director
January 30, 2003—Below is an overview of the feature articles for the first quarter 2003 issue of Bank Director magazine, a leading information resource for officers and directors of financial institutions, credit unions, insurance companies and investment advisors. The articles will also be available online at www.bankdirector.com.
The Perfect Blend: Mastering the Art of Merger Integration, by Jack Milligan, page 15
Acquisition activity is sure to resume in the highly fragmented banking industry once the U.S. economy regains its footing. After analyzing some of the successful and unsuccessful bank mergers of recent years, Bank Director offers six valuable ingredients to ensure a highly effective merger. Sovereign Bancorp's purchase of 279 branches from FleetBoston Financial Corp. and First Union Corp.'s acquisition of Philadelphia-based CoreStates Financial Corp are among the deals examined.
The Growing Season, by John Engen, page 30
How does a small town, one-branch community bank evolve into a $558 million holding company in just seven years? Not without a few growing pains. Bank Director talks with the directors of Texas United Bank about the 135-year-old institution's expansion strategy.
Tapping Into a Rich Vein, by Charles Keenan, page 44
How can community banks compete with bigger banks in today's competitive environment? Trust-preferred stocks level the playing field. Once the domain of larger banks, they have become increasingly attractive and available to community banks. Bank Director explores the advantages of trust-preferred stocks and highlights how five small banks across the nation are using them, from funding de novo expansion and acquisitions to maintaining capital ratios and increasing control of the shareholder base.
Departments
Technology - The top 10 technology imperatives for community banks in 2003.
Bottomline - There is a simple formula for increasing bank earnings.
Liability - Board members should ask five critical questions about D&O insurance.
Technology Supplement
What are the major technology risks facing banks today? How do banks stack up against each other in technology initiatives like Internet banking services and customer segmentation? Should banks outsource technology? What is the board's role in information technology decisions? Contributors including Harland Financial Solutions, TowerGroup, Jack Henry & Associates, EMC, Fiserv, and Intelidata, offer their opinions.
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