Advisory boards are like anchovies: You either love 'em or hate 'em.

Consultants say a growing number of community banks are embracing advisory boards - typically made up of community and business-group representatives that help the bank but aren't full-fledged directors. But the tactic can be a serious drain on management and, in some cases, can be a negative if not managed properly.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.