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A Director’s Viewpoint: What Makes a Good Bank Director?
I’ve been on four bank boards, and currently serve on the board of Pacific Premier Bank, a $2.7 billion asset bank based in Irvine, California. On two boards, I was chairman and CEO, and I figure I’ve served with about 40 different individual board members over the past 30 years. Unlike many people, I don’t believe that boards are the key to a bank’s success. I think it’s the CEO, with the board playing the key role of choosing and retaining the right person as CEO. I’ve even said, half jokingly, that a board could meet once a year and...
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Joe Garrett is a director of a bank in Southern California�and was the CEO at American Liberty Bank during 1989-1994 in Oakland, California, and at Sequoia National Bank during 2000-2004 in San Francisco. He is a principal of the consulting firm Garrett, McAuley & Co.�