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Wednesday, March 1, 2023

New ICBA chairman Derek Williams’ dedication to group – Unbiased Banker

Derek Williams, president and CEO of Century Financial institution & Belief in Milledgeville, Ga., needed to be a financier earlier than discovering his approach to group banking. Photograph by Harold Daniels

Derek Williams, president and CEO of Century Financial institution & Belief in Georgia, is bringing his ardour for group banking to his time period as ICBA chairman for 2023/24.

By Roshan McArthur

Derek Williams is, he says, excited, honored and humbled to make his debut as ICBA chairman at ICBA LIVE. A banking stalwart described by outgoing chairman Brad Bolton as “a passionate group chief and a staunch chief of our business,” Williams has constructed a profession by immersing himself locally banking world. He has additionally served on ICBA’s govt committee for a few years, together with a time period as treasurer from 2016 to 2018.

He has served as president and CEO of $365 million-asset Century Financial institution & Belief in Milledgeville, Ga., for eight years. However, not like many within the business, this occupation wasn’t in his blood. Requested if there’s a historical past of banking in his household, he laughs—one thing he does typically.

“That’s an fascinating story,” he says. “It’s form of an anti-banking historical past!”

Williams grew up in Barnesville, Ga., on the time a small city of about 5,000 residents. It was one thing of a humble begin, he says. He was raised by a mom who stayed residence along with her 4 youngsters and a father who constructed homes.

“He was a craftsman by nature,” Williams says of his father. “So essentially the most expertise I had with banking rising up was him as a financial institution buyer. I knew the bankers on the town as a result of my dad knew them, and I realized lots simply from being round them and watching how dad handled them. He had an important relationship with banks and bankers, and that attracted me, simply from the standpoint of what they did to assist my dad.”

Williams (second from left) with ICBA’s 2022/23 govt committee, together with outgoing chairman Brad Bolton, at ICBA LIVE 2022 in San Antonio. Photograph by Chris Williams

That mentioned, Williams left the College of Georgia, Terry School of Enterprise, in 1984 with a BBA in finance, decided to get out of Barnesville and change into “the subsequent nice company financier.” However the world had different plans. He graduated right into a recession, one in all two that will have a profound affect on his profession. Throughout that point, at an interview for a job as a stockbroker, he requested one of many brokers how effectively his workplace carried out. The response he acquired reshaped his profession. “I don’t have any concept what the workplace does,” the dealer instructed him. “I solely fear about what I do.”

The implication was easy: The dealer didn’t care about anyone he labored with, which was anathema to Williams. “So most of the jobs that I checked out within the company finance world, and positively the stockbroker world, had been very very like that,” he recollects. “I used to be used to household, I used to be used to teamwork, and I would like that. I wanted camaraderie.”

So, he joined a coaching program at what was then Residents & Southern Nationwide Financial institution, as soon as the most important financial institution within the southeastern U.S., now a part of Financial institution of America, earlier than shifting to Griffin, Ga., in 1987. “I went to work for a group financial institution, form of by chance, and located the job love of my life,” he says. “I obtained a job with First Nationwide Financial institution of Griffin, and I’ve been a group banker ever since.”

That love of group has outlined his profession. “One factor about group banking that I really like is we receives a commission to be energetic locally; that’s a part of what we do,” he explains. “We’re dedicated to the group, not simply from the standpoint of its monetary well being, however group banks, particularly in small cities, are actually their monetary facilities. They’re the place all people gathers, the place folks come within the morning.

“I like that, and I like the concept of having the ability to be energetic within the chamber and energetic on the native boards. This was a job that not solely allowed me to try this however inspired me to do it.”

Williams has a ardour for relationship constructing, whether or not it’s sitting on the boards of native museums or fundraising for Relay for Life, and he admits he’s all the time the primary particular person to face up and tackle these roles as a approach of attending to know the neighborhood he’s working in.

Derek Williams and fellow Georgia group bankers on the 2013 ICBA Washington Coverage Summit, now the Capital Summit. Photograph by Stephen Gosling

A fast ascent

Williams set himself a purpose of changing into CEO of a financial institution by the age of 40. He achieved it at 34 years previous at First Peoples Financial institution in Pine Mountain, Ga., the place he stayed for 15 years, from 1998 to 2013. Throughout that point, he took the group financial institution by the Nice Recession of 2008–09.

“That’s when the underside fell out, and Georgia was markedly hit,” he displays on the tumultuous interval. “We misplaced 90-plus banks to failure in between 2008 and 2013. So, it was a really, very troublesome time.”

Williams with Tori Kala, Century Financial institution & Belief’s assistant vice chairman, loans; and teller Filicia Mohammed.

What drives Williams—and what obtained him by that point—is “an absolute perception in and a love for the mannequin of group banking.” As chairman of the Neighborhood Bankers Affiliation of Georgia throughout that recession, he would remind others of the significance of their roles.

“I instructed them, ‘Guys, what we do issues, what we do works and the mannequin works,’” he recollects. “‘And sure, we’re having some exceptionally powerful financial instances proper now, however there’s all the time going to be a spot for native banks to take deposits from folks they know, dwell with and work with, folks they perceive, and mortgage that cash to people who they know and perceive—area people.’”

It’s a perception he nonetheless holds. “There’s all the time going to be place for it, irrespective of how large the large banks get, irrespective of how automated they get, irrespective of how a lot issues change. There’s all the time going to be a spot for that mannequin.”

We use the phrase ‘household’ lots. We’re severe about it at Century. We consider in it. We consider in one another.”
—Derek Williams

Williams believes there may be nice potential for a resurgence in group banking, because of shifting demographics. He describes acquaintances of their twenties and thirties selecting native espresso retailers over large names like Starbucks, native {hardware} shops over Lowe’s or Residence Depot—so why not, he suggests, select a group financial institution over a nationwide financial institution?

Williams with head teller Connie Davis (left) and senior customer support consultant Jennifer Tarver

He recollects serving on FDIC’s Neighborhood Financial institution Advisory Committee years in the past and being launched to a bunch of millennials who labored there. All however one in all them had the identical checking account that they had opened in highschool. When requested what they needed from a financial institution, they instructed him, “In the event you’ll give us the expertise, in the event you’ll give us the flexibility to financial institution on our telephones … however guarantee us that Ms. Sally who we used to speak to on the financial institution remains to be there if we have to discuss to any individual, then you definately’ve obtained us for all times.”

This strategy is vital to Century Financial institution & Belief’s success. “If we will get them within the door, we will maintain them,” he says, “as a result of we will blow them away with the service that we offer.”

And meaning placing ethics entrance and heart. “We use the phrase ‘household’ lots. We’re severe about it at Century. We consider in it. We consider in one another,” he says. “I had an HR legal professional inform me one time, ‘Derek, I need you to recollect one thing. Simply because one thing is authorized, doesn’t imply it’s proper or moral.’ So, I all the time take into consideration that. When we have now conditions, I do know [my team is] going to reply with what’s finest for the individuals who work on the financial institution and what’s finest for our clients.”

Neighborhood banks have an important popularity with legislators and regulators due to our monitor document of secure and sound efficiency and our assist of shoppers and small companies.”
—Derek Williams

It’s his confidence in Century’s tradition and in his staff that has allowed him the liberty to work carefully with ICBA. As CEO, he says, his job is “to create a tradition and to encourage and to inspire and to dwell on the 30,000-foot degree, attempting to ensure that all people else has a chance to do their job as successfully as potential.”

Holding the flame burning

Williams foresees a difficult yr forward, with points from inflation and rates of interest to the ripple results of the pandemic, however he plans to spend his yr as chairman lending assist to ICBA president Rebeca Romero Rainey and her staff, in addition to reminding bankers that the group banking mannequin works and to take delight in what they do every single day.

He believes ICBA’s advocacy work in Washington D.C., is vital to shaping the business and impacts all group bankers in profound methods. “Neighborhood banks,” says Williams, “have an important popularity with legislators and regulators due to our monitor document of secure and sound efficiency and our assist of shoppers and small companies. We simply need that monitor document to be acknowledged and regarded in order that laws might be tiered to suit the chance profile of the establishments.”

He believes passionately within the ThinkTECH Accelerator, saying it’s on the forefront of bringing expertise to group banks and is making it potential for these millennials he met, plus the Gen Zers developing behind them, to financial institution domestically.

“There are some good, good people who find themselves doing a little actually cool issues with not solely advocacy on the hill however from an training standpoint and in addition from an innovation standpoint,” Williams says. “ICBA is innovative on that. They’re working with expertise corporations to come back in and never attempt to take our enterprise away from us however assist us do it higher and extra effectively. Neighborhood banks can now present expertise that’s simply as slick, cell apps and all of the expertise that the large banks have, however we again it up with private service.”

Williams throughout a Neighborhood Banker Affiliation of Georgia assembly held on the U.S. Capitol. Photograph by Stephen Gosling

Williams filming a video to be proven at ICBA LIVE 2023

March might be a busy month. Century Financial institution is celebrating 125 years in enterprise, and he kicks off his time period as chairman with a speech in entrance of a giant crowd of bankers at ICBA LIVE in Honolulu.

However that’s not fazing him within the slightest. He recollects a dialog with Aleis Stokes, ICBA’s senior vice chairman of communications, eventually yr’s conference, when she warned him that she would want the primary draft of his speech by November.

He laughs, “I mentioned, ‘Aleis, that speech has been written for 10 years! That is one thing I’ve all the time needed to do.’”

So, whereas group banking is probably not in Derek Williams’ blood, it’s clearly a job he was born to do.

Household first—all the time

Derek Williams and his household at his daughter Betsy’s marriage ceremony in 2022. Photograph by Justen Clay

Derek Williams has many strings to his bow, however ask him how he likes to spend his time most, and the reply is easy: together with his household. He and his spouse, Karen, simply celebrated 37 years of marriage, and he or she has stayed by his facet as he constructed his profession, a reality he’s eager to acknowledge, given the frequency of their strikes from financial institution to financial institution as he superior his profession.

“Her dad is a retired lieutenant colonel within the military, and he or she nonetheless jokes that I moved her round greater than he did,” he laughs. “That’s fairly dangerous!” The couple have three daughters and spend as a lot time as they’ll with them, whether or not it’s boating close to their residence on Lake Sinclair or enjoying with their three granddaughters.

Century Financial institution & Belief turns 125

Century Financial institution & Belief initially opened as Retailers and Farmers Financial institution on March 1, 1898, in Milledgeville, Ga. In 1993, it rebranded to replicate its evolving position within the monetary companies business. At present, the $365 million-asset group financial institution has two department places of work in Milledgeville, plus a mortgage manufacturing workplace in Greensboro and a various staff that displays its group.

Neighborhood service is as a lot a pillar of the group financial institution because it has all the time been. In October 2021, the financial institution raised greater than $13,000 for the American Most cancers Society’s Relay for Life, and in March 2022, the financial institution made a $10,000 donation to John Milledge Academy to assist present scholarships for Ok–12 training in the area people. On March 1, 2023, it celebrates 125 years in enterprise, with Derek Williams at its helm for the final eight.

Roshan McArthur is a author in California.

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