The regulatory requirements set upon banks lead to unique challenges in recruiting and retaining key executives and employees. A well-thought-out and effective compensation and benefits strategy can mean the difference between growing or remaining stagnant in attracting, rewarding, and retaining the key individuals who drive the success of your bank. At SWBC, we understand the complex issues involved in providing a total rewards package that complies with regulations and delivers enough value to make your key employees stay.
To offset employee benefit expenses and enhance executive rewards, banks can choose to allocate assets to institutionally priced, high-cash-value life insurance (bank-owned life insurance or BOLI).