Miller Welborn served on his first bank board back in 2005. He remembers it as a relatively casual affair, filled mostly with loan reviews and low-stress conversations about the institution’s future. “It was really more of a lunch bunch,” says Welborn, chairman of SmartFinancial, a $5.3 billion institution in Knoxville, Tennessee. “We’d get together for a couple hours over lunch and talk about how we could grow the bank.” Things have changed a lot since then. In addition to the basics of oversight, compensation and succession planning, today’s bank boards must nimbly navigate a minefield of ever-changing regulatory expectations, disruptive…

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WRITTEN BY

John Engen

Contributing Writer

John Engen is a contributing writer for Bank Director. He has more than 30 years of experience as a business journalist, writing for a variety of newspapers and magazines, and was a foreign correspondent for the Associated Press. He graduated with a degree in economics and international relations from the University of Minnesota and did his post-graduate work in Asian studies at the University of Hawai’i.