Author: Talia Lakritz

When Your Family Business Has a Conflict Over Governance

Business

Conflict is often resolvable if you know where it’s coming from and why it exists. But too often, in family businesses, the senior generation inadvertently sets the next generation up for structural conflict that arises not from behaviors or relationships, but from governance structures, including legal agreements and how ownership is distributed. But your family business doesn’t have to be doomed to living with baked-in structural conflict. Whether you’re a senior owner trying to set the next generation up for success or you’re inheriting a family business, you can uncover hidden structural conflicts to ensure a path to effective and…

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Hambrick named business development officer, Grussing promoted to market president at Cornerstone Bank

Business

FARGO, N.D. – Cornerstone Bank has announced that Jim Hambrick has been promoted to business development officer in Fargo. Hambrick not only brings local expertise to his new position, but he also has a wealth of banking experience. Hambrick joined Cornerstone Bank in 2014 as a business banker and also oversaw the Cash Management Services. In 2020, he was promoted to market president. Hambrick will continue to serve as support and a resource for the Fargo market while overseeing the Cash Management Sales Team, according to a release.Read More

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