Farewell from Jon Evans
Former President & CEO

What a great run!  I was lucky enough to spend 20 years at ACBB with 18 as CEO.  I’ve met so many fine and talented people during that time.  Just as important, I have gained a true and deep appreciation for the value of community banks and the difference they make, most notably funding the needs of their communities, both the people and their businesses.  They also keep their customers monies safe; donate charitable dollars and sweat equity to their communities; provide jobs; and deliver the personal touch, which is truly the foundation of our industry, while embracing the future with electronic banking solutions.

When I arrived at ACBB in 1999, we were preparing for the unknown challenges of Y2K.  While Y2K became a non-event, the terrorist attacks and economic downturn, which followed along with the Great Recession, were far more problematic and challenged our industry as a whole.  Working through those challenges has made us stronger and better prepared for the unknown ahead of us. Read More

CEO Corner
by Craig Howie
President & CEO

I’m honored to be selected by ACBI’s Board of Directors to lead the Bank into the future and excited to be working with such a talented team of dedicated professionals. Thank you to Jon Evans for his over 20 years of service as your President and CEO. Jon did a great job of growing the Bank, developing BITS as a valuable service for our clients and positioning the Bank for success in the future. 

In 2019, the Bank earned approximately $2.2 million. This is significantly lower than the $6.0 in net income earned the prior year. As Jon Evans mentioned in the November newsletter, ACBB made substantial investments in risk management and compliance last year. The Bank added key staff, designed new processes and implemented new systems to manage the risks associated with its core businesses. The bulk of these investments are behind us. Risk systems and processes are constantly changing with the ever-increasing risk of the products and services we deliver. We commit to stay ahead of the curve and use our investments as a competitive advantage for you. Read More

ACBB Employee Focus
Rich Thompson
EVP, Chief Technology Officer

Earlier last year, we launched a comprehensive search for a Chief Technology Officer to lead our technology efforts. Throughout the process, we met with a host of impressive candidates – all eager to help ACBB accelerate in the race to deliver outstanding, tech-enabled customer experiences – and I’m pleased to share that Rich Thompson has accepted this key role.

Rich has 25+ years of experience driving innovative solutions, establishing core processes across the IT lifecycle, and mobilizing global technology organizations to deliver on crucial business strategies. He most recently served as the Enterprise CTO at Bloomberg BNA, where he led the architecture and technology strategy and oversaw key mergers and acquisitions. During his time there, he most notably architected the integration of disparate and outdated platforms, delivering an industry-leading modern solution.  Read More

ACBB Product Spotlight

Compliance Anchor 2020 Focus

BITS: Celebrating 15 Years!

In February, BITS celebrated its 15th year in business as a leading managed services, network, security, and hosted voice provider for community banks and credit unions.  Last year, BITS experienced over $26 million in revenue and expanded its services to customers in 26 states. 

 Launched by the Atlantic Community Bankers Bank (ACBB) in February of 2005, BITS was formed specifically to help community financial institutions optimize and secure their communications infrastructure with innovative solutions and operational standards.  Today, through strategic partnerships with technology leaders like Cisco and SecureWorks, BITS provides state-of-the-art solutions for voice, collaboration, networking, and security for over 100 community financial institutions.  Read More

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