ROLE OF AN ADVISORY BOARD MEMBER
- Provides advice and counsel to the organization
- Evaluates the performance of the organization
- Serves as an advocate for the organization to the community it serves
- Provides feedback to the organization from the community
- Reviews, monitors, and assesses specific programs
- Provides a means to involve people in the organization who are willing to provide critical assistance, but have limited time
- Provides technical expertise
- Provides an independent, unbiased voice apart from the bank
BENEFITS OF SERVING AS AN ADVISORY BOARD MEMBER
- Opportunity for diversified investment in your community
- Capacity to provide meaningful input to an institution in which one has invested
- Investment in a community bank without the time commitment or liability as a Board of Director
- Opportunity to establish relationship with the other prominent members of the community
- Opportunity to develop a personal relationships with the bank
- Opportunity to accumulate awareness and knowledge of local business and community trends
- Exposure to the banking industry in general and the development and operation of a community bank in particular
ROLE OF AN ADVISORY BOARD MEMBER
- Meet quarterly as a group with the Board of Directors and Management
- Contribute to the base of contacts in the community in order to attract bank clients
- Commit to the establishment of close connections with small businesses in order to generate loans and deposits
- Offer advice on new or better products and services that the bank could potentially provide
- Provide leads on other potential bank clients to bank personnel
- Provide personal experience to assist the bank's leadership in answering questions pertaining to your area of individual expertise
- Provide independent advice regarding the effectiveness of the bank's development effort, competence of personnel, and overall service to the community
- Commit to a financial investment in Scottsdale Business Bank
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