ABA Banking Journal - September/October 2017 - 48

literacy in the schools," Hermann says. "What has come
out of it is that it has become a training ground for potential
employees for us and to prepare these young people to go
on to good jobs."
"For a number of students who have come through this
program, this is the first time anyone in their family has ever
had an opportunity to have a white-collar job," he adds with
pride. "It's a thing a lot of folks take for granted."
He recounts the story of one former student teller who
now works full-time with Windsor Federal in the credit and
accounting departments and who is currently finishing

an accounting degree on the dean's list. Hermann has a
strong commitment to his employees' educational success;
Windsor Federal offers a tuition reimbursement program and
recently launched a student debt repayment benefit through
ABA's endorsed provider, Gradifi.
While it serves the youth of northern Connecticut, Windsor
Federal also serves aging seniors through its offices in two
retirement communities. With one-third of Connecticut
residents over age 50 and the population declining, focused
services for the elderly will become an even more essential
role for community banks. Technology helps make these
special community-serving branches more cost-effective,
Hermann notes. "Any proven tech, we've adapted it."

Silver linings
Consolidation has taken a toll on Connecticut's bank charter
totals, which Hermann has seen in depth as president
of the Connecticut Community Bankers Association. The
state currently has 42 in-state-based institutions. But he
sees the positive of consolidation for Windsor Federal. On
the business side, "we fill a niche," he says. "The size of
commercial customer we have is not being reached by
larger banks."
Hermann likes Windsor Federal to remain nimble in this
changing environment. "If there's any type of consolidation
in our market, we're prepared to go in an open up an
office really quickly in a community that may suddenly not
be properly served," he says, adding that the bank also
looks to hire experienced lenders to help fill needs in the
communities it serves.
Another silver lining to consolidation has been the availability
of community banking talent. "From one perspective, it's
a fun time to be in it," says Hermann. "It's a good time to
attract some quality, experienced people to work for us. We
provide a work environment where you can be involved and
engaged with the community."

Works

by IFM™

808389_Insight.indd 1

24/06/16

Proprietary short-duration
investment products
that depositories use
for liquidity and rising
rate protection
Contact: Dan Wallace, CFA

Hermann says service is a powerful attractor for young and
seasoned new hires alike. Hermann leads his employees in
12:48 AM
giving 4,000 hours of volunteer service to the community
each year in keeping with the bank's motto, "neighbors
helping neighbors." One of his favorite events is an annual
shredding event, staffed entirely by Windsor Federal
employees, that raises support for the local food bank.
Neighbors bring their piles of paper for shredding-plus a
canned good donation. This year, Windsor Federal filled four
large trucks with 36,000 pounds of shredded material and
sent a panel truck full of canned goods to the local food bank.

(305-507-1541 or dwallace@austinatlantic.com) for more information.
www.austinatlantic.com

48 ABA BANKING
873579_Austin.indd
1 JOURNAL | SEPTEMBER/OCTOBER 2017

6/26/17 10:32 PM

A triple benefit to customers, neighbors and those in need-
"that's what it's all about," Hermann says.


http://www.worksbyifm.com http://www.worksbyifm.com http://www.austinatlantic.com http://www.austinatlantic.com

Table of Contents for the Digital Edition of ABA Banking Journal - September/October 2017

CHAIRMAN’S VIEW
UPFRONT
PICTURE THIS
LEGAL BRIEFS
POWER UP PROFILE
THE TOP FINTECH TRENDS DRIVING THE NEXT DECADE
PLUG AND PLAY: FOUR WAYS TO LEVEL UP YOUR MOBILE BANKING APP
MAKING FRIENDS WITH FINTECH
LOOKING AT FINTECH THROUGH THE LEGISLATIVE LENS
LET’S TALK PAYMENTS
IS OUTSOURCING IT SECURITY RIGHT FOR YOUR BANK?
THE CECL RIPPLE EFFECT
FROM YOUNG AMERICANS TO ENTREPRENEURIAL CITIZENS
FINDING THE PERFECT NICHE
THREE ELEMENTS OF BANK LEADERSHIP
REAL ESTATE LENDING
ABA COMPLIANCE CENTER INBOX
WEALTH MANAGEMENT
FROM THE STATES
CORPORATE SOCIAL RESPONSIBILITY
INDEX OF ADVERTISERS
FROM THE VAULT
ABA Banking Journal - September/October 2017 - Intro
ABA Banking Journal - September/October 2017 - bellyband1
ABA Banking Journal - September/October 2017 - bellyband2
ABA Banking Journal - September/October 2017 - cover1
ABA Banking Journal - September/October 2017 - cover2
ABA Banking Journal - September/October 2017 - 3
ABA Banking Journal - September/October 2017 - 4
ABA Banking Journal - September/October 2017 - 5
ABA Banking Journal - September/October 2017 - 6
ABA Banking Journal - September/October 2017 - 7
ABA Banking Journal - September/October 2017 - CHAIRMAN’S VIEW
ABA Banking Journal - September/October 2017 - 9
ABA Banking Journal - September/October 2017 - 10
ABA Banking Journal - September/October 2017 - UPFRONT
ABA Banking Journal - September/October 2017 - 12
ABA Banking Journal - September/October 2017 - 13
ABA Banking Journal - September/October 2017 - 14
ABA Banking Journal - September/October 2017 - 15
ABA Banking Journal - September/October 2017 - PICTURE THIS
ABA Banking Journal - September/October 2017 - 17
ABA Banking Journal - September/October 2017 - LEGAL BRIEFS
ABA Banking Journal - September/October 2017 - 19
ABA Banking Journal - September/October 2017 - POWER UP PROFILE
ABA Banking Journal - September/October 2017 - 21
ABA Banking Journal - September/October 2017 - THE TOP FINTECH TRENDS DRIVING THE NEXT DECADE
ABA Banking Journal - September/October 2017 - 23
ABA Banking Journal - September/October 2017 - 24
ABA Banking Journal - September/October 2017 - 25
ABA Banking Journal - September/October 2017 - 26
ABA Banking Journal - September/October 2017 - 27
ABA Banking Journal - September/October 2017 - PLUG AND PLAY: FOUR WAYS TO LEVEL UP YOUR MOBILE BANKING APP
ABA Banking Journal - September/October 2017 - 29
ABA Banking Journal - September/October 2017 - 30
ABA Banking Journal - September/October 2017 - 31
ABA Banking Journal - September/October 2017 - MAKING FRIENDS WITH FINTECH
ABA Banking Journal - September/October 2017 - 33
ABA Banking Journal - September/October 2017 - LOOKING AT FINTECH THROUGH THE LEGISLATIVE LENS
ABA Banking Journal - September/October 2017 - 35
ABA Banking Journal - September/October 2017 - LET’S TALK PAYMENTS
ABA Banking Journal - September/October 2017 - 37
ABA Banking Journal - September/October 2017 - 38
ABA Banking Journal - September/October 2017 - IS OUTSOURCING IT SECURITY RIGHT FOR YOUR BANK?
ABA Banking Journal - September/October 2017 - THE CECL RIPPLE EFFECT
ABA Banking Journal - September/October 2017 - 41
ABA Banking Journal - September/October 2017 - 42
ABA Banking Journal - September/October 2017 - FROM YOUNG AMERICANS TO ENTREPRENEURIAL CITIZENS
ABA Banking Journal - September/October 2017 - 44
ABA Banking Journal - September/October 2017 - 45
ABA Banking Journal - September/October 2017 - 46
ABA Banking Journal - September/October 2017 - FINDING THE PERFECT NICHE
ABA Banking Journal - September/October 2017 - 48
ABA Banking Journal - September/October 2017 - 49
ABA Banking Journal - September/October 2017 - 50
ABA Banking Journal - September/October 2017 - THREE ELEMENTS OF BANK LEADERSHIP
ABA Banking Journal - September/October 2017 - 52
ABA Banking Journal - September/October 2017 - 53
ABA Banking Journal - September/October 2017 - REAL ESTATE LENDING
ABA Banking Journal - September/October 2017 - 55
ABA Banking Journal - September/October 2017 - 56
ABA Banking Journal - September/October 2017 - 57
ABA Banking Journal - September/October 2017 - 58
ABA Banking Journal - September/October 2017 - 59
ABA Banking Journal - September/October 2017 - ABA COMPLIANCE CENTER INBOX
ABA Banking Journal - September/October 2017 - 61
ABA Banking Journal - September/October 2017 - WEALTH MANAGEMENT
ABA Banking Journal - September/October 2017 - FROM THE STATES
ABA Banking Journal - September/October 2017 - CORPORATE SOCIAL RESPONSIBILITY
ABA Banking Journal - September/October 2017 - INDEX OF ADVERTISERS
ABA Banking Journal - September/October 2017 - FROM THE VAULT
ABA Banking Journal - September/October 2017 - cover3
ABA Banking Journal - September/October 2017 - cover4
ABA Banking Journal - September/October 2017 - outsert1
ABA Banking Journal - September/October 2017 - outsert2
ABA Banking Journal - September/October 2017 - outsert3
ABA Banking Journal - September/October 2017 - outsert4
ABA Banking Journal - September/October 2017 - outsert5
ABA Banking Journal - September/October 2017 - outsert6
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