Bank Advisory Board

​We also compensate the advisory Board members.   We purposely select members that we feel can act as 'champions' of our bank and come from a diverse industry background.  We have found that a banker 'show n tell' agenda does not create/retain enthusiasm among advisory members.  We limit our bank update and product/services discussion to 10 minutes.  We sometimes bring in engaging speakers - then open up the agenda to allow them to give us feedback on their industry.  It gives them a sense of value, while providing us relevant information about our community.  We have found that they tend to feed off each other and become customers with each other.  It's a win-win for all of us, and it provides them with a continued positive view of their time commitment.

------------------------------
Luanne Cundiff
President & CEO
First State Bank of St. Charles
------------------------------
-------------------------------------------
Original Message:
Sent: 11-20-2017 11:36
From: Anonymous Member
Subject: Bank Advisory Board

This message was posted by a user wishing to remain anonymous

We are a small family owned commercial bank in the rural Midwest.  We are looking at starting an Advisory board for our bank from local participants.  We have a board of directors that is made up of employees and family members of the family that owns the bank.  We are looking at a quarterly meeting for our Advisory board and selecting a variety of people from our customer base.  We are thinking of a board of 4-6 people.  I am just curious if there are other banks that have done this and how it is working for them.  Also wondering about what information they are collecting from their board and how they are using it. Thank you for your time!