Contributor : Jonathan Hightower
While the Federal Deposit Insurance Corp. lawsuits paint a picture of inattentive, runaway directors and officers, a number of the practices that the FDIC found objectionable could be found at many healthy institutions.
If your bank decides to hold onto some properties, there are ways to mitigate risk.
Before sharing directors with another bank, think about the potential liability, says Jonathan Hightower of Bryan Cave LLP.
The day when the board’s focus was limited to approving loans and marketing the bank in the community is long past. Today’s boards face a
Recommendations for outside directors on how to ensure proactive and positive involvement during a regulatory examination.
Are any of your bank branches and offices owned by directors? That could spell trouble but it can be handled well. Here’s how.