The industry’s talent shortages are challenging, but with the right approach, banks can continue to thrive despite the obstacles. www.bccadvisers.com WE VALUE BANKS. Business valuation for... ▪ Gifting and stock transfers ▪ ESOP/KSOP valuation ▪ Buy/sell agreements ▪ Estate settlement ▪ Stock offerings ▪ SBA 7(a) loans Lindy Ireland lindy@bccadvisers.com 434.333.6814 Some banks have turned to outsourcing to manage costs and access talent in lower-wage areas. While outsourcing can be a practical short-term solution, the long-term focus should be on building a solid foundation for efficient operations. Improving internal processes and adopting automated systems can alleviate the burden of limited talent and allow you to keep everything in-house. A strategy that addresses technological innovation, process optimization and a clear commitment to employee development is key. The industry’s talent shortages are challenging, but with the right approach, banks can continue to thrive despite the obstacles. 19 The CommunityBanker
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