Directors' College Program
Atlanta Region Directors' College Program
|Memorandum To:||Bank Directors and Executives in the Atlanta Region|
|From:||Michael J. Dean, 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. We look forward to seeing you there!