James Sills

Background

About James Sills

James Sills is a dynamic financial services leader with deep expertise in strategy, risk, and technology transformation. His strengths in banking, audit, and cybersecurity make him a valuable asset for board service, with proven success driving growth and innovation. He brings extensive experience from large-scale banking operations, community banks, and governmental organizations, as well as board leadership at the Federal Reserve Bank of Richmond ($700 Billion in total assets), where he chairs the Audit and Risk Committee. His governance and risk acumen enhance organizational resilience, while his advocacy for strategic partnerships fuels competitive advantage. BOARD LEADERSHIP: Served in leadership roles with the boards of M&F Bancorp, Inc; Federal Reserve Bank of Richmond; Independent Community Bankers of America; NC Chamber of Commerce; National Bankers Association; North Carolina Bankers Association; NC Bankers Heath Benefit Association; Durham Tech Foundation; FDIC Minority Banking Council; Durham Chamber of Commerce; Carolina Small Business Development Fund; NC A&T State University; NC Central University; and National Association of State Chief Information Officers [NASCIO]. STRATEGY FORMULATION: Provided strategic direction and leadership to all branches of government and end users as Cabinet Secretary and CIO of State of Delaware, Department of Technology and Information. TECHNOLOGY TRANSFORMATION: Implemented an ERP system, deployed Cisco infrastructure, data center consolidation, cybersecurity training and awareness programs, and various data management and governance programs for the State of Delaware. BUSINESS TRANSFORMATION: Developed new strategic plan and revitalized balance sheet by divesting problem assets for M&F Bank. Changed business model to focus on business lending, leveraging a banking relationship model to attract SMBs to the Bank. CORPORATE TRANSACTIONS: Served as the primary leader to attract $100M in new capital from the 4 largest banks and U.S. Treasury ensuring the bank’s long-term viability and organic growth to $1.2B. ENTREPRENEURSHIP: Negotiated acquisition as the founder of First Tuskegee Bank and led the De Novo effort of Memphis First Community Bank. Led due diligence teams, developed business plans, and initiated all regulatory bank start-up applications. STRATEGIC PLANNING: Developed new strategic plan and led rebranding of M&F Bank, positioning M&F as the premier small business lender in 5 NC markets. If you wish to connect with James, please do so via LinkedIn.