Strategy
08/11/2021

A Bigger Purpose

Most people would probably agree that a defining characteristic of any community bank is that lending and investing decisions are made locally for the benefit of the community. This edition of the Slant Podcast looks at a bank that serves its community in a very unique way. Tradition Capital Bank in Edina, Minnesota, donates up to 10% of its profits every year to various local groups if it achieves certain financial goals. Called the Keystone Giving Program, it is the brainchild of CEO Dan Fagan. Fagan has a very personal story to tell – a story about faith and religion that has found its expression in the Keystone program. “There’s a bigger purpose why this bank exists,” says Fagan.

Additional episodes of The Slant Podcast are now available on Spotify and Apple Music!

 

WRITTEN BY

Jack Milligan

Editor-at-Large

Jack Milligan is the Editor-At-Large of Bank Director magazine, a position to which he brings over 40 years of experience in financial journalism organizations. Jack contributes to Bank Director’s editorial coverage and leads its director training efforts. In 2022, Jack developed Bank Director’s Director Certification Program to bring much-needed governance training to bank boards.

 

Jack is a nationally recognized speaker at financial industry conferences.  Over Jack’s tenure, he has interviewed some of the most notable bank CEOs and senior leaders in the financial industry. He has a master’s degree in Journalism from The Ohio State University.