NC Bank Directors' College
In response to the need for quality bank directors prompted by an increase in de
novo banks within North Carolina, the N.C. Office of the Commissioner of Banks, in conjunction
with the FDIC, started an intensive training program designed specifically for bank
directors. The North Carolina Bank Directors' College was initiated in 1998 under
Commissioner Hal D. Lingerfelt. The school was developed from planning sessions
with members of state and federal banking agencies, college professors, and banking
industry professionals. Only the second of its kind in the nation, the NC Bank Directors'
College targets newly appointed bank directors, but has proven to be of great value
to directors of all experience levels.
Its mission is to keep directors current on key banking issues and help them understand
the importance of their fiduciary responsibilities; not only to their shareholders,
but to the communities they serve. Typically, new outside directors are successful
and knowledgeable in their particular field of business, but often have little background
in the banking industry. However, they must develop policy, make crucial strategic
decisions, and determine the overall direction of the bank. It is a daunting responsibility,
and our goal is to instill an understanding of the unique and vital role they play
in the success of a bank.
Participants are provided with more than 30 hours of "classroom" instruction over
a three month period. The College is set up in three sessions, each session lasting
approximately two days. Enrollment is limited to 55 individuals comprised mainly
of new bank directors, board chairmen, and CEOs. Classes are held annually.
In addition to our regular Directors' College, we are creating advanced level classes
that will complement those topics covered in the basic program and keep directors
apprised on emerging issues in the financial industry.