Holding Company is $7 Billion regulated by FRB
Two subsidiary banks, each regulated by FDIC
Bank 1 - $5.3 Billion (SC & NC)
Bank 2 - $1.7 Billion (FL)
Compliance and Audit centralized at holding co.
Audit staff: 1 Audit Director + 7 Staff
Compliance staff: 1 Compliance Director + 5 Staff + 1 Admin
Compliance does also include CRA
BSA Officer is in Deposit Operations
Security is separately staffed with chief security officer and 4 staff
Compliance, Audit and Security all report administratively to Corporate Risk Manager who reports to CFO. Audit and Corporate Risk Manager also report to Audit Committee
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Jim Bedsole, CRCM, CBA, CFSA, CAFP
My posts - my opinions