Download our latest Webinar – Bank Succession Planning PT 1

As Senior Leadership teams in the banking industry approach retirement, developing the bank’s succession plan is critical. Equally as important is retirement planning, estate planning & key employee retention. In this webinar, EBN will discuss five key areas including succession planning that need to be addressed when looking at the future of the bank. Click… Read more »

Tax Reform Faces an Uphill Challenge

Many Americans are eager to enjoy the across the board tax rate cuts that President Trump promised so frequently during the election. There are numerous Republican law makers that have said their top priority is a large tax cut. House Speaker, Paul Ryan, and Ways and Means Committee Chairman, Kevin Brady, have prepared a detailed… Read more »

WEBINAR – 3.8.17 – Bank Succession Planning PT 1

As Senior Leadership teams in the banking industry approach retirement, developing the bank’s succession plan is critical. Equally as important is retirement planning, estate planning & key employee retention. In this webinar, EBN will discuss five key areas including succession planning that need to be addressed when looking at the future of the bank. March… Read more »

Small Banks Need to Retain Top Talent

Small Banks Need to Retain Top Talent   The banking industry is hungry for top talent. The big banks used to have sophisticated training programs, and they would run large numbers of fresh talent through them every year. Once these talented people were trained they either worked up the career ladder or moved to smaller… Read more »

Common BOLI Objections

Bank-owned life insurance (BOLI) is not new.  In fact, most of the nation’s largest banks, as well of thousands of community banks, have purchased BOLI – a life insurance policy written on the life of an employee.  The purchase of BOLI is considered “best practice” and a common strategy to manage the escalating employee benefit… Read more »

An Unintended Consequence of Mergers and Acquisitions

A 2015 Gallup Poll highlights an unintended consequence of bank mergers and acquisitions: customer loss.  The poll studies the impact of mergers and acquisitions and how they are affected by the concept of customer engagement.  Customer Engagement, as defined by Gallup’s research, is based upon the answer to three key questions. Does the company always… Read more »

New EBN Online Report Center

Executive Benefits Network is constantly striving to improve our relationship with our clients.  An important factor in the ongoing growth of any vendor client relationship is trust.  Our valued clients have chosen to place their trust in our firm, not only with financial guidance but with the security of their confidential information.   We take this… Read more »

How Executives Minimize the Retirement Tax Hit – Plan Ahead

Nikki Kook – Marketing and New Business Make a plan for your large retirement payouts, such as stock awards and deferred compensation, at least one to two years before leaving. In addition, take inventory of short-term cash flow needs in retirement, such as health and insurance needs and exercised stock-option taxes. Lastly, always review the… Read more »

Does Annual Pay BOLI Fit Your Bank Better?

With banks still fighting for good spreads and the threat of rising interest rates looming does annual pay BOLI make sense? Banks have been using BOLI for over thirty years as an effective tool for offsetting employee benefit expenses. Most institutions use a Single Premium Modified Endowment Contract (MEC) product to maximize returns. MECs are… Read more »