Independent Banker - July 2024 - 42

LENDERS
ICBA's
TOP
2024
and our customers with respect
and do the right thing, " he says.
" Our customers really appreciate
that, especially that we walk them
through the process. And we're
happy to take the time to do that. "
Consistency is key
Currency Bank's Scott Gaudin
worked for legendary University of
Alabama football coach Nick Saban
while he was in college. And during
that time, he learned the value of
focusing on consistent behaviors.
" [Saban] says, 'As long as you
are consistent with the behavior,
the scoreboard will look fi ne. Do
the right thing for the right reasons
and focus on the behavior,' " says
Gaudin, who is chief lending offi cer
and executive vice president of
$186 million-asset Currency Bank.
" And that's kind of what we do
around here: We focus on being
more of an advisor. We're a forprofi
t business, obviously, but at
the end of the day, I need to be
your banker. "
The Oak Grove, La.-based
community bank's roots reach back
to the early 1900s, but Gaudin led a
group that purchased the bank-and
essentially relaunched it-about
three years ago. Taking Saban's
advice, Gaudin is consistent in his
approach to lending. He gives each
potential borrower deep attention,
even those that may not meet the
community bank's typical lending
criteria at fi rst glance.
For example, a local brick mason
approached Currency Bank in 2022
for a line of credit. The mason was
using a large bank, but it had denied
the increase, saying his business
was " not mature enough. "
" I look at his books-he's
meticulous. He turns invoices
around very quickly. And I said,
'This works, man,' " Gaudin recalls.
" We've been helping him since
/
Above: Currency Bank tapped into a new market of business owners by opening a location in
Baton Rouge, La. To celebrate, the community bank held a reception at its new branch.
then, and his business has more than
doubled in size. So being able to
help somebody like that, that's what
community banking should be about. "
Dive deep for better
risk management
When CEO and chairman Chip
Mahan founded $11.4 billion-asset
Live Oak Bank in Wilmington, N.C.,
42 /// ICBA Independent Banker // July 2024
in 2008, he did not follow the
traditional community bank model of
serving all the businesses in a specifi c
geographic area. Instead, he focused
on a single industry: veterinary
practices across the country.
Mahan's father was a veterinarian,
and he knew that veterinarians tend
to pay their bills on time. So, that
industry made sense from a risk
perspective. He crafted relationships
Photos: Don Kadair

Independent Banker - July 2024

Table of Contents for the Digital Edition of Independent Banker - July 2024

Contents
Independent Banker - July 2024 - Cover1
Independent Banker - July 2024 - Cover2
Independent Banker - July 2024 - Contents
Independent Banker - July 2024 - 2
Independent Banker - July 2024 - 3
Independent Banker - July 2024 - 4
Independent Banker - July 2024 - 5
Independent Banker - July 2024 - 6
Independent Banker - July 2024 - 7
Independent Banker - July 2024 - 8
Independent Banker - July 2024 - 9
Independent Banker - July 2024 - 10
Independent Banker - July 2024 - 11
Independent Banker - July 2024 - 12
Independent Banker - July 2024 - 13
Independent Banker - July 2024 - 14
Independent Banker - July 2024 - 15
Independent Banker - July 2024 - 16
Independent Banker - July 2024 - 17
Independent Banker - July 2024 - 18
Independent Banker - July 2024 - 19
Independent Banker - July 2024 - 20
Independent Banker - July 2024 - 21
Independent Banker - July 2024 - 22
Independent Banker - July 2024 - 23
Independent Banker - July 2024 - 24
Independent Banker - July 2024 - 25
Independent Banker - July 2024 - 26
Independent Banker - July 2024 - 27
Independent Banker - July 2024 - 28
Independent Banker - July 2024 - 29
Independent Banker - July 2024 - 30
Independent Banker - July 2024 - 31
Independent Banker - July 2024 - 32
Independent Banker - July 2024 - 33
Independent Banker - July 2024 - 34
Independent Banker - July 2024 - 35
Independent Banker - July 2024 - 36
Independent Banker - July 2024 - 37
Independent Banker - July 2024 - 38
Independent Banker - July 2024 - 39
Independent Banker - July 2024 - 40
Independent Banker - July 2024 - 41
Independent Banker - July 2024 - 42
Independent Banker - July 2024 - 43
Independent Banker - July 2024 - 44
Independent Banker - July 2024 - 45
Independent Banker - July 2024 - 46
Independent Banker - July 2024 - 47
Independent Banker - July 2024 - 48
Independent Banker - July 2024 - 49
Independent Banker - July 2024 - 50
Independent Banker - July 2024 - 51
Independent Banker - July 2024 - 52
Independent Banker - July 2024 - 53
Independent Banker - July 2024 - 54
Independent Banker - July 2024 - 55
Independent Banker - July 2024 - 56
Independent Banker - July 2024 - 57
Independent Banker - July 2024 - 58
Independent Banker - July 2024 - 59
Independent Banker - July 2024 - 60
Independent Banker - July 2024 - 61
Independent Banker - July 2024 - 62
Independent Banker - July 2024 - 63
Independent Banker - July 2024 - 64
Independent Banker - July 2024 - 65
Independent Banker - July 2024 - 66
Independent Banker - July 2024 - 67
Independent Banker - July 2024 - 68
Independent Banker - July 2024 - 69
Independent Banker - July 2024 - 70
Independent Banker - July 2024 - 71
Independent Banker - July 2024 - 72
Independent Banker - July 2024 - 73
Independent Banker - July 2024 - 74
Independent Banker - July 2024 - 75
Independent Banker - July 2024 - 76
Independent Banker - July 2024 - Cover3
Independent Banker - July 2024 - Cover4
https://www.nxtbook.com/mspc/independentbanker/august2024
https://www.nxtbook.com/mspc/independentbanker/july2024
https://www.nxtbook.com/mspc/independentbanker/june2024
https://www.nxtbook.com/mspc/independentbanker/may2024
https://www.nxtbook.com/mspc/independentbanker/april2024
https://www.nxtbook.com/mspc/independentbanker/march2024
https://www.nxtbook.com/mspc/independentbanker/february2024
https://www.nxtbook.com/mspc/independentbanker/january2024
https://www.nxtbook.com/mspc/independentbanker/december2023
https://www.nxtbook.com/mspc/independentbanker/november2023
https://www.nxtbook.com/mspc/independentbanker/october2023
https://www.nxtbook.com/mspc/independentbanker/september2023
https://www.nxtbook.com/mspc/independentbanker/august2023
https://www.nxtbook.com/mspc/independentbanker/july2023
https://www.nxtbook.com/mspc/independentbanker/june2023
https://www.nxtbook.com/mspc/independentbanker/may2023
https://www.nxtbook.com/mspc/independentbanker/april2023
https://www.nxtbook.com/mspc/independentbanker/march2023
https://www.nxtbook.com/mspc/independentbanker/february2023
https://www.nxtbook.com/mspc/independentbanker/january2023
https://www.nxtbook.com/mspc/independentbanker/december2022
https://www.nxtbook.com/mspc/independentbanker/november2022
https://www.nxtbook.com/mspc/independentbanker/october2022
https://www.nxtbook.com/mspc/independentbanker/september2022
https://www.nxtbook.com/mspc/independentbanker/august2022
https://www.nxtbook.com/mspc/independentbanker/july2022
https://www.nxtbook.com/mspc/independentbanker/june2022
https://www.nxtbook.com/mspc/independentbanker/may2022
https://www.nxtbook.com/mspc/independentbanker/april2022
https://www.nxtbook.com/mspc/independentbanker/march2022
https://www.nxtbook.com/mspc/independentbanker/february2022
https://www.nxtbook.com/mspc/independentbanker/january2022
https://www.nxtbook.com/mspc/independentbanker/december2021
https://www.nxtbook.com/mspc/independentbanker/november2021
https://www.nxtbook.com/mspc/independentbanker/october2021
https://www.nxtbook.com/mspc/independentbanker/september2021
https://www.nxtbook.com/mspc/independentbanker/august2021
https://www.nxtbook.com/mspc/independentbanker/july2021
https://www.nxtbook.com/mspc/independentbanker/june2021
https://www.nxtbook.com/mspc/independentbanker/may2021
https://www.nxtbook.com/mspc/independentbanker/april2021
https://www.nxtbook.com/mspc/independentbanker/march2021
https://www.nxtbook.com/mspc/independentbanker/february2021
https://www.nxtbook.com/mspc/independentbanker/january2021
https://www.nxtbook.com/mspc/independentbanker/december2020
https://www.nxtbook.com/mspc/independentbanker/november2020
https://www.nxtbook.com/mspc/independentbanker/october2020
https://www.nxtbook.com/mspc/independentbanker/september2020
https://www.nxtbook.com/mspc/independentbanker/august2020
https://www.nxtbook.com/mspc/independentbanker/july2020
https://www.nxtbook.com/mspc/independentbanker/june2020
https://www.nxtbook.com/mspc/independentbanker/may2020
https://www.nxtbook.com/mspc/independentbanker/april2020
https://www.nxtbook.com/mspc/independentbanker/march2020
https://www.nxtbook.com/mspc/independentbanker/february2020
https://www.nxtbook.com/mspc/independentbanker/january2020
https://www.nxtbook.com/mspc/independentbanker/december2019
https://www.nxtbook.com/mspc/independentbanker/november2019
https://www.nxtbook.com/mspc/independentbanker/october2019
https://www.nxtbook.com/mspc/independentbanker/september2019
https://www.nxtbook.com/mspc/independentbanker/august2019
https://www.nxtbook.com/mspc/independentbanker/july2019
https://www.nxtbook.com/mspc/independentbanker/june2019
https://www.nxtbook.com/mspc/independentbanker/may2019
https://www.nxtbook.com/mspc/independentbanker/april2019
https://www.nxtbook.com/mspc/independentbanker/march2019
https://www.nxtbook.com/mspc/independentbanker/february2019
https://www.nxtbook.com/mspc/independentbanker/january2019
https://www.nxtbook.com/mspc/independentbanker/december2018
https://www.nxtbook.com/mspc/independentbanker/november2018
https://www.nxtbook.com/mspc/independentbanker/october2018
https://www.nxtbook.com/mspc/independentbanker/september2018
https://www.nxtbook.com/mspc/independentbanker/august2018
https://www.nxtbook.com/mspc/independentbanker/july2018
https://www.nxtbook.com/mspc/independentbanker/june2018
https://www.nxtbook.com/mspc/independentbanker/may2018
https://www.nxtbook.com/mspc/independentbanker/april2018
https://www.nxtbook.com/mspc/independentbanker/march2018
https://www.nxtbook.com/mspc/independentbanker/february2018
https://www.nxtbook.com/mspc/independentbanker/january2018
https://www.nxtbook.com/mspc/independentbanker/december2017
https://www.nxtbook.com/mspc/independentbanker/november2017
https://www.nxtbook.com/mspc/independentbanker/october2017
https://www.nxtbook.com/mspc/independentbanker/september2017
https://www.nxtbook.com/mspc/independentbanker/august2017
https://www.nxtbook.com/mspc/independentbanker/july2017
https://www.nxtbook.com/mspc/independentbanker/june2017
https://www.nxtbook.com/mspc/independentbanker/may2017
https://www.nxtbook.com/mspc/independentbanker/april2017
https://www.nxtbookmedia.com