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Many banks failed to make management succession plans as leadership teams in the baby-boom generation approached retirement. Also, for community banks in rural areas, it’s difficult to attract talented, younger management.
Our focus on associate development is the key to our management succession results. The average age of our executive team is 49. Combined, they each have an average of 19 years of banking experience. Only four members of the team have banking experience outside of First Bank, demonstrating that most of our leaders are developed from within.
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