Chad Hudson is a familiar name in this area, as he has been involved in banking for nearly 20 years in Southeast Iowa. He now has another wick in the fire that is the world of banking. After being announced as Senior Vice President for Danville State Savings Bank in February, Hudson is now the President of the Community Bankers Services and Insurance (CBSI) board. CBSI is the for-profit subsidiary of Community Bankers of Iowa.
According to their website, the Services and Insurance subsidiary is governed by a ten-person board of directors whose primary purpose is to oversee the operation of currently endorsed products and services and to evaluate vendor performance and suitability for continued use by CBI members. This board also evaluates new product and service providers for association endorsement, and their decisions are presented to the Community Bankers of Iowa Board of Directors for affirmation. CBSI Moard membership is made up of the Community Bankers of Iowa Executive Committee and five at-large members who serve three-year terms.
The mission statement of CBI is to “promote public endorsement of independent banking and to support and secure an environment that is favorable to independent ownership and local control of Iowa banks.”