Kevin Benson brings nearly 30 years of experience in financial services to the table at Rosedale Bank. He oversees the bank’s strategic direction and serves on its board of directors. Benson joined Rosedale Bank in 2010 as chief lending officer, directing residential and commercial lending operations. Previously, he was a bank examiner with the Office of the Comptroller of the Currency and as a bank regulatory consultant with PricewaterhouseCoopers.
He holds bachelor’s and master’s degrees from the University of Baltimore. Benson serves on the Sheppard Pratt Board of Trustees, chairing its Finance Committee, and is vice chair of the Maryland Bankers Association Board of Directors.
What is the biggest challenge facing your industry today?
For a community bank of our size, the biggest challenge is sustaining profitability while funding the investments required to stay competitive, namely in generating deposit growth, investing in technology and keeping up with our risk-management responsibilities.
What is the best advice you’ve ever received?
I was told to lead for the long term, especially when short-term pressure is the loudest. This fits with leading a mutual bank, where our depositors own the institution, not shareholders. We take a long-term approach to our strategy and try to figure out ways to be impactful over a longer-term horizon vs. managing by quarterly earnings cycles.
How do you define success?
In my role as the president of Rosedale Bank, success is when our employees, customers and collective community benefit from our actions. It could be helping a customer with the purchase of their first home, helping a business with purchasing a building for expansion or volunteering in the community. Having a mission that is truly community-focused helps Rosedale Bank stay grounded in the important work that our employees do every day to help our clients.
