Innovation In Compliance With Tom Fox

Tom Fox’s guest this week is Lauren Sparks. Lauren is the founder, Chairperson and President of Agility Bank, a woman-owned and led commercial community bank. Lauren has more than 35 years experience as a banking executive and has dedicated her career to helping growth-oriented business leaders achieve their financial goals. She and Tom talk about digital innovations for banking, and why community banks should not be written off as a thing of the past. Fostering Small and Medium Business Lauren founded Agility Banking because she felt that many women were being left behind in the decision processes in financial services. As a women-owned and women-led organization, Agility Banking is a minority depository institution. This designation offers many opportunities, such as having larger financial institutions and large corporations as partners. “Community banks fill a space and do lending that the larger banks have backed away from,” Lauren explains. Loans are harder to come by for smaller businesses and communi