The Role of a Community Bank President
As the leader of a community bank, the President plays an impactful role in steering the future of local banking. This role is the first in command in the local market and reports directly to the Market President. Their responsibilities span across all branches of a community bank, coordinating activities and ensuring adherence to the policies and objectives laid out by the Market President and the governing bank, in this case, Cadence Bank. In the absence of the Market President, the Community Bank President often steps in, effectively serving as the second in command for their market.
Making an Impact as a Community Bank President
The role of a Community Bank President is multi-faceted, with tasks ranging from day-to-day management of the bank’s operations to the formulation of long-term strategic plans. They are involved in every aspect of the bank’s operations, including setting the annual budget and ensuring the bank maintains a high-quality loan portfolio.
The President is also expected to develop and manage individual loan portfolios, meeting with existing and potential customers to build and sustain business relationships. They also play a critical role in business development, making customer and prospect calls with the aim of growing loans and deposits, as well as other bank services.
Additionally, they are responsible for administering and overseeing community development activities, reflecting the bank’s commitment to serving their community. This includes making sure that existing loans and deposit portfolios maintain quality and profitability while also ensuring compliance with bank policies and government regulations.
One of the key responsibilities of a Community Bank President is to provide strong leadership within the organization. They play a pivotal role in creating a positive work environment that fosters good communication, rewards high performance, and encourages employee development.
The Ideal Candidate for a Community Bank President
The ideal Community Bank President will have excellent verbal and written communication skills, a strong network of business contacts, and a sales and business development orientation. They need to have excellent analytical and critical thinking skills and the ability to multitask under pressure. Equally important is a desire to thrive in a fast-paced, team-focused environment.
Education and Experience
The role typically requires a college degree in business or a related field, although a Masters of Business Administration or graduation from a commercial lending school would be advantageous. In terms of experience, a minimum of 7-10 years in financial institution operation and management is generally desired.
Key Characteristics
Other key characteristics for this role include regular and reliable attendance and the ability to work cooperatively with others. If your experience aligns with this description, you are strongly encouraged to apply. A diverse workforce is crucial for problem-solving and creative thinking, and all are welcome to apply, regardless of their background or experience. For more information, please refer here.
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities. This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.
