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PCI Performance Management is passionate about community banking! Our mission is to offer key insights and tools to drive executives to the next level. We approach each of our clients with fresh eyes to develop customized, unique strategies.Are you ready to set your business on the path to success? Let’s connect and take your organization to the next level.
DEVELOP THE BLUEPRINT
Smart bankers recognize that strategic planning is a critical activity for their bank. This is the process where senior executives, shareholders, and board members discuss the current state of affairs and lay out a road map for the future of the bank.
While regulators are increasingly demanding that community banks have a strategic plan, it serves to create a unified vision for the bank’s goals and is an excellent tool to help communicate these goals to staff.
The purpose of strategic planning at the board of director level is to set the overall direction for the bank over a broad time horizon. The board will examine the bank, the banking environment and the future of banking from the 30,000-foot level. The board does not govern daily banking activities. Their function is to set the direction for the bank and to monitor its progress.