Bank Succession Planning


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Business Unternehmen Finance Finanzen planning Planung plan planen Retirement Pensionierung Best Succession Planning Beste Nachfolgeplanung Succession Nachfolge

How to draft a Bank Succession Planning? An easy way to start completing your document is to download this Bank Succession Planning template now!

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Marget, JD, CPA, CFP®, CLU® Managing Director Office (414) 431-9681 pmarget ebn-design.com “A recent wave of high-profile executive departures highlights the need for boards to regularly review succession plans and develop future leaders in an environment where it is getting increasingly difficult to find well-trained talent.” -American Banker Challenges • • • • Financial crisis- “bunker” mentality Reluctance to retire- sense of dedication or worry The psychology that banking is “bad” Negative connotations of succession planning – “Don’t have the time” – Signing their own death warrant • Number of family owned banks… – That make it to the second generation: 30 – That make it to the third generation: 12-15 (American Institute of Management, IA) • Rural Depopulation Why a Business Succession Plan A detailed, well communicated business succession plan: • Creates a legacy as both a business owner and community leader • Identifies strengths, weaknesses and recruiting opportunities of the business • Allows for orderly transitions– helping employees and customers • Provides answers to the following: I..


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