Tag: Chief Credit Officer

Why Banks Should Separate The CLO and CCO Functions

Better Credit Governance

Many executives at community banks fulfill many functions and wear numerous hats.  However, we are advocates of separating the Chief Lending Officer (CLO) and Chief Credit Officer (CCO) functions at community banks from both an operational and strategic perspective.  We still see some community banks that either do not have an official CLO role or combine the CCO and CLO roles.  We feel that CCOs cannot be effective fulfilling the true strategic objective of drive lo

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