Northern Kentucky Chamber of Commerce’s Post

“The Lincoln Bancorp and Lincoln Savings Bank Board of Directors are pleased to announce the appointment of Sean Willett as the new Chief Executive Officer effective December 29, 2023.    This decision follows a comprehensive search, involving Travillian, a national executive recruiting firm, and a selection process by the Board of Directors aimed at identifying a leader capable of guiding the growth and strategic objectives.” Read more below ⬇️ #bankingindustry #recruitingfirm #leadership #banking

Last week I was on a panel with Michael Scolaro, MBA and it reminded how lucky we all are to have him as an industry leader. I conducted this interview with Mike a few years ago, but it's just as relevant today. Would encourage anyone in commercial banking to read about Mike's views on ABL, leadership and the general industry. Re-posting as this was one of my best interviews. BMO U.S. #leadership #assetbased #BMO https://lnkd.in/dN8H8yS6

From social work to banking leadership, our CEO Orvin Kimbrough shares his inspiring journey in his latest article for the Kansas City Business Journal. Learn how Midwest BankCentre is committed to community growth and financial inclusion. Read the full story here. #leadership #communitybanking #sharedprosperity

It's inspiring to witness the leadership of Kevin Kane, Chase Kostichka, Matt Krutza, Kim Preston, and Bryan Swanson, five exceptional senior leaders highlighted in this feature story. Their passion and decades of expertise in guiding our clients' growth is a testament to their commitment. Embodying our core values of integrity, service, and community involvement, they are leaders who set benchmarks for inspiring guidance and proactive client service. Their dedication plays a pivotal role in our continuous journey towards excellence and client success. https://ow.ly/BnYE30sAB8K

Learn what makes #Maryland a sweet spot for finance in our latest #CSuiteInsights featuring M&T Bank's Greater Baltimore & Chesapeake Region President Augie Chiasera! We discuss his journey to joining the financial sector, M&T’s experience with the local workforce in Maryland, and more. #finance #future #leadership

Banking & Leadership Interview with John Maxfield and Jim Reuter: John Maxfield and Jim Reuter, with Brian Love of Travillian Group, discuss leadership, career beginnings, and the value of humility in banking. Continue reading the interview’s recap from Banking+ https://lnkd.in/gDE_GNdz #Career #Leadership #Banking #Bankers #BankIndustry #BankingPlus

https://lnkd.in/gwXwwNne An insightful read indeed. Whilst I have always believed disruption is upon us where #BRICS is concerned, many naysayers are saying no. In the event I am right, I do wonder what implications this will have on a) the way of work b) the operating model c) the way we pay our stakeholdersand receive our revenue d) and the list goes on What are you as #shareholders #boardmembers #ceos and #leaders of yr organisation doing differently to prepare yrselves for this change? #standardsofexcellence ##accountability #managers #disruptivethinking #disruptiveleadership #tsb #qsa #humancapitaladvisory #disruptiveworld ##disruptiveinnovation

It’s often said that “everything rises and falls on leadership.” If that’s indeed the case, then the story of Investrust Bank Plc is a glaring example of poor leadership, even though many of us have opted to “ignore it” and instead focus, with captivating analysis and long write ups – if I do say so myself, on what was once Ulendo. The leaders of the bank saw the challenges coming but failed to act until it was too late. Some may argue that there were too many complexities involved in the Investrust saga, but if we truly believe in all the leadership rah rah we espouse on this platform, then the same standards should apply to the leaders and board of directors who were responsible for the bank. The real tragedy in this story is the loss suffered by the employees who placed their trust in the bank’s leadership and have now found themselves without employment. I believe it’s important to always consider the well-being of the individuals we are entrusted to lead when assuming a leadership position. Think about that.

In 2004, Jamie Dimon, then CEO of Bank One, was brought into J.P. Morgan through a strategic acquisition, primarily to secure his exceptional leadership. However, the transition was not as smooth as anticipated. William Harrison, J.P. Morgan’s CEO at the time, decided to stay on as chairman after handing over the CEO role to Dimon. This move created tension, as Dimon expected full leadership to implement his vision without lingering influence from the previous regime. Harrison's continued presence created a power struggle, impacting decision-making and strategic direction. Dimon, known for his decisive leadership, had to navigate the delicate dynamics of sharing power with his predecessor. Despite these challenges, Dimon eventually consolidated his position, leading J.P. Morgan to unprecedented success. As Dimon has now informed the Board of his intention to leave in two years, the importance of a clear and clean succession plan cannot be overstated. Lingering influence from previous leadership can hinder progress and create unnecessary friction. The Board must ensure a smooth transition to avoid the pitfalls experienced during Dimon's early days at J.P. Morgan. This scenario is not unique to J.P. Morgan, in other firms it is often observed that predecessors linger, affecting the seamless transition to new leadership. This practice has been detrimental, causing power struggles, strategic misalignments, and slowed progress. The norm of predecessors not fully leaving the organization creates an environment where new leaders struggle to assert their vision and implement necessary changes. A similar situation occurred in the world of football when David Moyes succeeded Sir Alex Ferguson as the manager of Manchester United. Ferguson’s continued presence at the club created an atmosphere where Moyes found it difficult to step out of the legendary manager's shadow. This lingering influence impacted Moyes' ability to implement his own strategies and assert his leadership, ultimately leading to a turbulent tenure. I draw this insight from "Last Man Standing: The Ascent of Jamie Dimon and JPMorgan Chase" by Duff McDonald, which details how such dynamics played a pivotal role in shaping Dimon’s journey. Drawing from these historical lessons, it’s crucial for organizations to allow new leaders the space to lead without the shadows of their predecessors. Ensuring a seamless handover will pave the way for sustained success and stability. As Dimon prepares to exit, J.P. Morgan must prioritize a smooth transition, firms and institutions like Manchester United must learn to fully empower their successors for the future health of their operations.

For some time, Cornerstone Advisors has been talking about the “smarter bank,” focusing on how our credit union clients must use new skills, knowledge, technology and information to complete the long and tough transformation to the future delivery model. In November, Steve Williams wrote about the "Pillars of Smarter Bank Leadership." Today, we are going to look at the smarter bank through another lens: What are things we will see in the future smarter bank organization? What will be key corporate personality traits? Let's take a look at five characteristics. https://hubs.la/Q02h5XTx0 #CreditUnions #FutureBanking #innovation #SmarterBanking #DigitalTransformation #FutureDelivery #CUESolutions