(ON DEMAND) Attracting & Retaining Key Management

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One of the largest risks facing community bank directors is grooming and retaining talent for future generations. The days of starting as a teller in a local community bank and working up through the ranks are mostly behind us. As the talent pool shrinks, community banks must be prepared to fight for and retain top talent. To remain successful, community banks should ensure they have the appropriate people to maintain operations, and sufficient training opportunities to ensure that those personnel are prepared to operate the bank profitably over the next 50 years.

This webinar will focus specifically on how community bank boards can ensure their bank attracts and keeps a quality management team. It will include various incentive alternatives, beneficial employment contract provisions, and available ownership opportunities to encourage management to work for the bank’s and shareholders’ best interests. It will also address how to appropriately plan for management succession and how compensation issues are related to effective succession planning.

HIGHLIGHTS
Directors’ and officers’ real jobs
Finding the right compensation structure
Understanding what you are incenting
Long-term equity-based incentives
Mid-term compensation incentives
Short-term incentives
Employee stock ownership plan
Considerations for management succession planning

TAKE-AWAY TOOLKIT
Article on attracting and retaining
Types of incentive compensation plans
Employee training log
Quiz you can administer to measure staff learning and a separate answer key

Attendance verification for CE credits provided upon request.

WHO SHOULD ATTEND? Community bank senior management and directors.

ABOUT THE PRESENTER – Jeffrey C. Gerrish, Gerrish McCreary Smith, Consultants & Attorneys, is Chairman of the Board and a member of the Memphis-based law firm of Gerrish McCreary Smith, PC, Attorneys. The two firms have assisted over 1,500 financial institutions in all 50 states. Jeff’s consulting and legal practice places special emphasis on strategic planning; community bank mergers and acquisitions; dealing with the regulators, particularly as related to enforcement actions; bank holding company formations; acquisition and ownership planning for directors; stock repurchase plans; regulatory and compliance issues, including fair lending, unfair and deceptive and abusive practices; capital raising; securities law; ESOPs; and other matters of importance to community financial institutions.