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Atlanta Region Director's College Program
| Memorandum To: |
Bank Directors and Executives in the Atlanta Region |
| From: |
Thomas J. Dujenski, Regional Director |
| Subject: |
FDIC
Atlanta Region Directors’ Colleges Programs |
Since 1998, the FDIC’s Atlanta Region has
supported and participated in Directors’ College programs that are now held
in all seven states that comprise the Atlanta Region – Alabama, Florida,
Georgia, North Carolina, South Carolina, Virginia, and West Virginia.
The need for director
education became apparent with the explosion in the number of new banks
established beginning in 1995 and the commensurate growth in the number of
new bank directors. The purpose of the Directors’ Colleges is to educate
directors of new banks and reeducate new and veteran directors of existing
banks regarding their responsibilities.
As you will observe by
clicking on the link to each state’s Directors’ College program, the format
of the programs held in each state vary as to frequency and duration.
However, the common educational themes are an awareness of directors’ roles,
responsibilities, and potential liabilities; understanding the bases for
assignment of CAMELS ratings and different types of regulatory examinations;
and training on important topics such as the Bank Secrecy Act/Anti-Money
Laundering Regulations and Corporate Governance. Other frequent
presentations include state economic profiles, Compliance and Community
Reinvestment Act requirements, Asset-Liability Management processes, Loan
Committee structure and responsibilities, Strategic Planning, understanding
the Uniform Bank Performance Report, and a Bank Examination Workshop.
The ultimate goal of the
Directors’ Colleges is to improve the likelihood of success for financial
institutions by enabling directors to better fulfill their fiduciary
obligations and provide a higher level of service to the community served by
their institution.
The FDIC encourages
directors of all financial institutions to participate in this valuable
training opportunity. Please contact the administrator of the program for
your particular state or FDIC Assistant Regional Director Nikita Smith in the Atlanta
Regional Office at 678-916-2367 or NSmith@fdic.gov. We look forward to seeing you there!
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