BMO Business Banking’s Post

Don’t stop

At a recent #FamilyBusiness event we hosted in Scotland for Barclays Business Banking there was mention of the 'shirtsleeves to shirtsleeves' adage which essentially implies that the founding generation works hard to build the business, the second generation maintains it, and the third generation ultimately squanders it. However, in m any cases this is an over-simplification of the situation as there are plenty of factors that enable many family firms to successfully transcend the generations and stand the test of time. In fact, the oldest family firm in the UK dates back to 1515 and is now run by the 26th generation. The three-generation rule, while rooted in observation, overlooks the myriad of factors that contribute to the success or failure of family businesses. Many family enterprises defy this rule, thriving well beyond the third generation. Andy Hall Jamie G. Jane Wylie-Roberts Mairi Mickel David Beveridge Brian Toward Gilad Tiefenbrun Tara Young David Murray Ben Fowler David Twiddle Nick Mayhew Joe Oughtred BA, MCIPS Adam Walsh Richard John Balson Joyce Onuonga https://lnkd.in/eBQACeK3

Congratulations to Elizabeth Osborne, COO, Great Lakes Credit Union, recognized among "the Most Powerful Women in Credit Unions" - 2024 by American Banker. A true inspiration in innovation and collaboration! To hear more from Elizabeth, be sure to register for our webinar, "The Future of Secure Banking: How to Achieve A+ Security without Compromising CX — A Conversation with Great Lakes Credit Union". Link in comments below! #bankingai #americanbanker #conversationalai #voiceai

Listen to this episode of Behind the Vault.

If you want to learn more about Five Star Bank, listen to this podcast episode.

Check out this year’s Most Powerful Women in Banking!

Newsweek and Plant-A Insights Group celebrate Dallas Capital Bank – Doug Hutt Westerra Credit Union – Steven Schmidle Ent Credit Union – Chad Graves Houston Federal Credit Union – Chris Choat Metro Credit Union – Robert Cashman for being part of America's Best Regional Banks and Credit Unions 2025. Thanks to strong bonds in the community and a customer-centric approach, these institutions are redefining the banking experience. Learn more about what makes these companies stand out on Newsweek https://lnkd.in/eDBcAaCD #BestRegionalBanks #BestCreditUnions #NewsweekRankings see less

Mentoring and Succesion Planning is a sign of excellent leadership

Our President & CEO Donald Musso Musso recently had the opportunity to speak to the graduating class at ABA Stonier Graduate School of Banking which left him very impressed for the next generation of bankers. In spirit of graduation season, Don takes this #MussoMinute to break down why he is so impressed by this year's graduating class and gives them some advice. What advice do you have for the next generation? Leave it in the comments below! 

Custom tailored solutions for you and your family's business, delivered by local decision makers, powered by local funding from depositors right here in Michigan. If you are serious about taking your business to the next level, we can seriously help. #BetterThinkingBanking