The ICBA Bank Director Program has an amazing new exclusive benefit! Community Banker University has teamed with national employment law firm Jackson Lewis P.C. to bring members of the Bank Director Program a complimentary employment law hotline!
Between 2012 and 2019, banks eliminated approximately 2,700 branches a year. In 2020, as the global health pandemic set in, banks shuttered more than 3,500 branches. And if the pace of branch closures—more than 1,700 so far in this calendar year through May—continues to hold, 2021 could see more closures than 2020.
The fundamental duty of community bank directors and executive officers is to enhance shareholder value. One of the key tenets of enhancing shareholder value is providing actual common stock liquidity. In this regard, liquidity is defined as the ability of a shareholder to convert their shares to cash at a fair price in a timely manner.