Wisconsin Banker

Scott Hickey, executive vice president and chief credit officer

Over the past five years, the banking industry has seen a marked increase in the number of directors and officers finding themselves as defendants in liability cases brought by regulators and shareholders. Due to increased regulatory scrutiny and dozens of new regulations, today’s directors need to be more familiar with the mechanics of banking than ever before. Business acumen is no longer enough to meet the expectations of shareholders and examiners. At the same time, bank management must juggle these same challenges from a more detailed, day-to-day perspective. Scott Hickey, executive vice president and chief credit officer with Associated Bank, provides insight.