CSB Board of Directors Named the 2021 Private Board of the Year
Commerce State Bank’s Board of Directors has been named the Private Board of the Year from Private Company Director Magazine. The award was presented at the Private Company Governance Summit, which was held online June 9-11, 2021.
Commerce’s Board received national recognition for its outstanding governance, which includes directing the bank, setting strategy, providing the leadership to execute that strategy and reporting to shareholders with transparency and accountability.
Commerce State Bank Chairman of the Board Joe Fazio said, “Good governance requires leading, not just managing the business. Our board is a moral compass that helps the bank make sound choices. Strategy and execution… setting the direction and taking the actions necessary to follow it. Good governance continually moves the company forward, confident that its strategies and actions are sound, prudent, and will stand the test of time.
“I’m proud to be a member of such a high-functioning, well-respected board,” said Jack Enea, Lead Outside Director. “Our increasing diversity has delivered fresh perspectives that are respected, considered, and acted upon when it aligns with our strategy in leading the bank into the future. It is a pleasure to serve on the Commerce State Bank Board of Directors.”