Shareholder Succession
Guests: Pete Scully, President of My Private Shares and Andrew Rietz, Managing Director of Financial Institutions with My Private Shares
Podcast Show Notes:
Our This Month In Banking (TMIB) podcast features discussion with colleagues and other industry thought leaders on interesting banking topics. TMIB is available on the last Wednesday of every month here, and on Apple and Android podcast apps for your listening enjoyment. Join us on your commute, at your desk, or home.
Topic: Shareholder Succession
On this episode of “This Month in Banking,” we sit down with Pete Scully and Andrew Rietz about the challenges and solutions in community bank shareholder relations. As the founder of My Private Shares, Pete highlights common mistakes banks make in managing their shareholder base, best practices for building a culture of transparency, and how My Private Shares acts as a one-stop solution to minimize risk, save time, and provide enhanced liquidity opportunities. Pete also shares his insights on the biggest risks and opportunities for community banks in the evolving fintech landscape and offers key leadership lessons from his entrepreneurial journey.
The conversation includes a case study of a Midwest community bank that successfully used the My Private Shares platform to manage the sale of shares from a deceased shareholder, demonstrating the platform’s practical value. The platform facilitated a quick sale to existing shareholders, saving significant time and ensuring transparency. The discussion emphasizes the importance of proactive communication, dedicated personnel, and regular updates to shareholders. The episode concludes with insights into the future risks and opportunities for community banks, stressing the need for adaptability and transparency in shareholder relations. Listen and enjoy!
Relevant Links:
This podcast episode relates to The Kafafian Group’s Profit & Process Improvement, Strategic Management and Financial Advisory services.
Watch for episode 117 of This Month in Banking to be released on Wednesday, September 24th, 2025, and a new episode on the last Wednesday of every month.
Thank you for listening!