Optimism and Opportunity Abound in 2023!

As we enter 2023, the headwinds are many. Record inflation, changing interest rates, continued supply chain issues, employment gaps, new covid variants, and a variety of other non-pleasantries. Considering these challenges, I am reminded of the quote: “We cannot direct the wind; however, we can adjust our sails.” As community bankers, adjusting our sails is what we do best! We are small, agile, and totally dedicated to serving our customers and communities. As a result, I am extremely optimistic that 2023 will be a successful year!

While we do have a great track record of adjusting our sails, it doesn’t mean things will be easy; actually, quite the contrary. The pace of change is only accelerating; therefore, the challenge is two-fold: keep up with the change AND INNOVATE to stay ahead of it. As leaders, how best to accomplish this dual objective? First, engage all employees and stakeholders in this process. Challenge all to come up with solutions to problems, to find new and innovative efficiencies, and empower all to implement. Second, task your partner firms to do the same. After all their success is based on your success. Finally, actively reach out to those that think differently than you do; HOWEVER, have the same forward-thinking mindset as opposed to those that are stuck in the current or the past.

The New Year, just like every other year, presents 365 opportunities to succeed, fail, try again, evaluate, and serve. Having served in the community banking industry virtually my entire career, I am confident that all will attack 2023 with a high degree of optimism and will create new opportunities for success and service.

Rebeca Romero Rainey President and CEO ICBA