Login to Bank Services

Enter your email address and password below to gain access.

10/11/2023

Credit Storm

With more than $1 trillion in commercial real estate debt maturing in 2023-24, how can banks work with their clients — and protect themselves?

Close
About the authors
Written by
Emily McCormick Vice President of Editorial & Research

Emily McCormick is Vice President of Editorial & Research for Bank Director. Emily oversees research projects, from in-depth reports to Bank Director’s annual surveys on M&A, risk, compensation, governance and technology. She also manages content for the Bank Services Program, including Bank Director’s Online Training Series. In addition to speaking and moderating discussions at Bank Director’s in-person and virtual events, Emily writes and edits for Bank Director magazine, BankDirector.com and Bank Director’s weekly newsletter, The Slant. She started her career in the circulation department at the Knoxville News-Sentinel and graduated summa cum laude from The University of Tennessee with a bachelor’s degree in Spanish and International Business.

Emily McCormick
Vice President of Editorial & Research
In 2022, when it became evident that inflation wasn’t transitory after all, and the Federal Reserve began raising rates, Mike Kubacki, the chairman of $6.5 billion Lakeland Financial Corp., had a realization. “Mike looked around the boardroom and said, ‘I may be the only person in this room that has ever actually been involved in business during an extreme inflationary environment, in combination with a rising rate environment.’ And he was correct,” recalls David Findlay, the CEO of Lakeland and its subsidiary, Lake City Bank in Warsaw, Indiana. Few in banking today have experienced the one-two punch of high interest rates and…

YOU HAVE ACCESSED A RESOURCE THAT IS ONLY AVAILABLE TO OUR BANK SERVICES MEMBERS AND SUBSCRIBERS.

From how-to articles, director training videos, key interviews with industry leaders and more, Bank Services provides bank executives and directors with the tools to help grow their financial institutions. To sign up for exclusive access to this online bank board resource, please contact Bank Services at 615-777-8461 or [email protected].

Read the Article

Magazine Subscribers please enter your email and password below.

BANK SERVICES members please login .

WRITTEN BY

Emily McCormick

Vice President of Editorial & Research

Emily McCormick is Vice President of Editorial & Research for Bank Director. Emily oversees research projects, from in-depth reports to Bank Director’s annual surveys on M&A, risk, compensation, governance and technology. She also manages content for the Bank Services Program, including Bank Director’s Online Training Series. In addition to speaking and moderating discussions at Bank Director’s in-person and virtual events, Emily writes and edits for Bank Director magazine, BankDirector.com and Bank Director’s weekly newsletter, The Slant. She started her career in the circulation department at the Knoxville News-Sentinel and graduated summa cum laude from The University of Tennessee with a bachelor’s degree in Spanish and International Business.