For decades, the principle of shareholder primacy dominated, making life simple for banks: maximize the banks’ owners’ returns. Recently, a concept of stakeholder primacy has surfaced that directs banks to disperse resources to all stakeholders and even to causes with little benefit to stakeholders. But is this tactic profitable for banks?
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Jeff Marsico is President of The Kafafian Group, Inc., a community bank consultancy specializing in performance measurement and strategy. According to recent…
CCFNB Bancorp, Inc. and Muncy Bank Financial, Inc. today jointly announced the signing of a definitive merger agreement to combine the two companies in a strategic merger of equals. The combined. | April 18, 2023