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… 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… 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… 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… 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… 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…. 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… Read more »
Our CEO had a heart attack…Now what?
With the recent news coverage of Oscar Munoz, the new chief executive officer of United Continental Holdings Inc. undergoing treatment at a Chicago hospital after suffering a heart attack, many… Read more »
Long-Term Care for Employed Spouses
Nikki Kook – Marketing and New Business You are the sole proprietor or partner of a business. Your spouse is a genuine employee of the business. A long-term care insurance… Read more »
Intentional Environment: (CAMELS Connections)
I get the privilege of traveling across the country every week calling on the great people in community banking. I have started to notice a direct correlation to the banks… Read more »