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The Harbert College of Business, is hosting the seventh annual Bank Directors college at Auburn University. The event will be held Feb. 23-24, at The Hotel at Auburn University and Dixon Conference Center.

The purpose is to prepare senior bank officers for potential changes in their professional environment.

“Getting a better understanding of what might happen could help the bank directors develop their strategies moving forward,” said John Jahera, the Lowder distinguished professor of finance at the Harbert College of Business, who will also serve as a moderator.

“One of our speakers, Karen Thomas, represents the Independent Community Bankers of America in Washington, which is primarily a lobbying group. She’s going to give us a Washington update, which has always been a popular session and especially this year with the change in the administration and all of the talk of rolling regulations back. Bankers want to know, where will we specifically see regulatory relief?”

Recently, instead of hiring new tellers, clerks and loan officers, many banks have been forced to make room in the budget for hires in the area of regulatory compliance. 

“If you’re a small bank, you don’t have the economies of scale to spread that cost out. We’ve seen a number of mergers among the small banks because of this,” Jahera said.

The two-day, multi-session event helps the bank directors learn more about a variety of topics, including capital funding, corporate law, corporate governance and cyber insurance.

Jahera noted that bank directors also have the opportunity to meet and learn from new Alabama Superintendent of Banking Mike Hill, who will serve on a regulatory panel discussion and most recently served in the Legislature representing Shelby County.

Other speakers include David Altig, executive vice president and director of research for the Federal Reserve Bank of Atlanta; Karen Thomas, senior executive vice president of government relations and public policy for the Independent Community Bankers of America; Kevin Hagler, commissioner of the Georgia Department of Banking and Finance; John Henrie, deputy regional director of the FDIC in Atlanta, Georgia and Reginald Hyde, executive director of the Cyber Institute at the University of Alabama. Hyde will serve as the event’s keynote speaker.

More information can be found online.