A legal team can play an important role in helping community banks devise a watertight succession plan that adheres to its corporate guidelines, according to the latest Independent Banker magazine.
Details: The article discusses the importance of getting legal counsel involved in the succession planning process to help banks build a talent inventory, line up legal documents, and address regulatory and corporate governance issues.
More: The May edition of Independent Banker also includes articles on fighting fraud, workplace culture, operational efficiency, point-of-sale innovations, SBA loans, and more.
Access: The magazine is available on the Independent Banker website and via the digital edition. Community bankers also can subscribe to Independent Banker’s newsletter to receive the magazine via email.