Abstract
This article outlines a way to implement an effective ERM program for community banks. Risk management systems and processes in these banks will vary, based on the complexity, amount, and types of risk assumed. However, common to all is the need for bank management to identify, measure, monitor, and control the risks faced by their institutions. The essence of these risk management activities is to ensure that the right information gets to the right individuals at the right time so they can make the right decisions. [PUBLICATION ABSTRACT]