PRESIDENT’S MESSAGE STRONG Management, STRONG Relationships and a STRONG Future Curt Brumley MIBA President, Community Point Bank Management and operations of banks have significantly changed over the years, driven by evolving consumer habits, new regulations and technological improvements. Today’s management and operation strategies drive every aspect of the business. Bank management involves planning, organizing, leading and controlling the bank’s resources to achieve the bank’s objectives. These objectives are driven by the board through the president and management team and could be for a specific department or a bank-wide initiative. One of the main functions of management is financial management. Every bank may have a different approach, but all of them lead to the same goals: profit, adequate capital, liquidity management, expense control, setting deposit and loan rates, etc. Proper budgeting and financial planning are needed to operate efficiently and withstand changing economic conditions. 4 | The Show-Me Banker Magazine
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