I moderated a panel for bank directors recently at the Independent Community Bankers Association convention in San Francisco, and the topic that generated the most attention among chief executive officers was finding a successor.

"How many of you," I asked them, "have a written memo in the board minutes or another formal way of determining who will run the bank if something happens to your current CEO?"

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.