I am a former bank examiner that used to be quite familiar with committee structure at banks of varying sizes. I have been "out of the business" for a few years and am looking for guidance on how bank committee structures look today. I am interested in hearing from those of you who would be willing to provide the names and primary functions of the "board committees" that exist at your banks. Your assistance would be invaluable!

Thank You!

Jeff

Three that come to mind are the Audit Committee, Board Loan Committee and Compensation Committee (We are a small financial institution).

Thank you for your reply! Any others that would be willing to share?

Executive Committee
Loan Committee
Asset/Liability Committee
Audit Committee
Compensation Committee
Nominating and Corporate Governance Committee

We only have 2: Audit Committee and Nominating Committee.

We have the following committees:
Asset/Liability Management-monthly meeting & report to BOD
Marketing Committee-meets quarterly-no reporting
Compliance Committee-monthly meeting & report to BOD
CRA Committee-monthly meeting & report to BOD
Risk Assessment Committee-meets semi-annual w/report to BOD
We are a $150M bank.
P.S. I'm lucky enough to be on all of the committees.

Thank you to all for your timely responses.

I know that the Board Committees need to have directors represented but for which committees is it permissible to have employees who are not Directors or Executive Management? (I've heard that the Audit Committee should not have anyone from the Bank's Executive Management in attendance.) Is there any written guidance on setting up a board committee?

Thank you.