Community Bank President: A Critical Role in the Banking Ecosystem
Banks play a crucial role in the growth and development of communities. They provide the necessary financial services that enable individuals and businesses to thrive. One of the key positions in this dynamic ecosystem is the Community Bank President, a role that is deeply involved in driving the bank’s strategic objectives, commercial lending, and community development activities. This article delves into the various aspects of this pivotal position, particularly at Arvest, a bank that values diversity, equity, and inclusion in the workplace, and provides a comprehensive suite of benefits to its employees.
A Leadership Role with High Responsibilities
The Community Bank President at Arvest, located at 729 W Main S., Duncan, OK 73533, is responsible for directing the banking activities of a branch or multiple branches in a specific community. This role is intricately tied to the local bank’s overall goals and strategic objectives. The incumbent is expected to lead the community market in a way that results in positive growth in equity, profits, loans, and deposits, and enhances the quality and scope of financial services provided. Furthermore, the Community Bank President is also responsible for enhancing the bank’s community image.
Commercial Lending and Portfolio Management
One of the primary duties of the Community Bank President is to generate commercial loans and manage a personal commercial portfolio. This involves reaching out to existing and potential customers to develop loan business and making decisions within credit limits or making recommendations to the Loan Committee. The President is also tasked with maintaining credit quality standards and identifying opportunities to fully develop commercial relationships.
Business Development and Community Engagement
In addition to commercial lending, the Community Bank President at Arvest oversees business development efforts in the community. This involves making customer and prospect calls with a goal to grow loans, deposits, and other bank services. The President serves as a trusted advisor, assisting customers in recognizing opportunities and risks while helping them accomplish their goals through the use of bank products and services. The President also oversees community development activities and the bank’s community involvement.
Supervisory Responsibilities and Team Development
Another critical aspect of the Community Bank President’s role is the supervisory responsibilities. This includes potentially managing one or more associates as assigned by the Manager. The President is responsible for interviewing, hiring, appraising performance, rewarding, and disciplining associates, all in accordance with the organization’s policies and applicable laws. The incumbent is also responsible for training, planning, assigning, and directing work assignments and schedules to ensure smooth operation of the bank.
Qualifications for the Role
To perform the role of a Community Bank President successfully, specific qualifications are required. At Arvest, these include a bachelor’s degree in a related field or equivalent related experience. Relevant military experience is also considered for veterans and transitioning service members. Additionally, eight years of previous lending-related experience with an emphasis on the evaluation and origination of complex credits is required. Previous management experience is preferred.
Work Environment and Compensation
The work environment at Arvest is designed to enable qualified individuals with disabilities to perform the essential functions effectively. Arvest values diversity and inclusion, ensuring that everyone feels valued and inspired in their workplace. The pay for the Community Bank President is based on a number of factors including job-related knowledge and skills, qualifications, and prior experience. For this role, the pay range is $130,880 – $155,411 per year.
In conclusion, the role of Community Bank President at Arvest is a challenging yet rewarding position with far-reaching influence on the community the bank serves. It is a position of leadership, strategic planning, and community engagement, requiring a blend of financial expertise, management skills, and a deep commitment to the community’s development. For more information about the role and benefits at Arvest, visit www.arvest.com/careers/benefits.
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