Faced with expanding regulatory requirements, intense technology disruption and an accelerated M&A environment, community banks need specialized financial and operational solutions tailored to their size.
For community banks in need of timely, relevant and effective solutions, Baker Tilly brings you skills, knowledge and exceptional client service from banking specialized professionals to help you achieve your business goals and be confident in your provider decision. From comprehensive services packages to individualized agreed-upon procedures, our team can help your organization.
Hear from our client, The Equitable Bank, on their experience working with our banking professionals.
Services
Financial statement audit
- Financial statement audits and reviews
- Accounting for loan and lease loss (ALLL) review, including assessment and implementation of current expected credit loss (CECL) model
- Merger, acquisition and transaction consulting
- Securities and Exchange Commission (SEC) filings
Tax compliance and consulting
- Corporate tax planning and compliance
- Accounting for income tax provision services
- Multi-state tax planning
- Tax accounting methods reviews
- Merger and acquisition tax consulting
Internal audit
- Control testing
- Quality Assessment Reviews (QARs)
- Trust audits
- FDICIA and Sarbanes-Oxley (SOX) implementation and testing
- Loan review
- Corporate governance consulting
Regulatory compliance
- Risk assessments
- Bank Secrecy Act (BSA)/Anti-Money Laundering (AML) audits and model validations
- Lending and deposit compliance audits/monitoring procedures
- TILA-RESPA Integrated Disclosure (TRID) audits
- Fair Lending assessments
Technology risk / cybersecurity
- IT process assurance: Outsourced or co-sourced IT audit, System and Organization Control (SOC1 and SOC 2) reporting and FDICIA and SOX readiness and testing
- Cybersecurity: Cybersecurity risk assessment, compliance readiness and assessments (FFIEC, GLBA, PCI DSS), vulnerability assessment and penetration testing, and social engineering including phishing and ransomware
- IT governance: IT general controls review, third-party risk management and disaster recovery planning (DRP) / business continuity planning (BCP)
Mergers and acquisition assistance
- Readiness: Accounting and tax considerations, earnings analysis, internal control and regulatory reviews and vendor management process evaluation
- Structuring and getting the deal done: Deal structure accounting and tax analysis, personnel quality and exit cost assessment, accounting and tax due diligence, technology risk / cybersecurity assessment
- Ongoing compliance and post-transaction considerations: Loan acquisition accounting, purchase accounting and deferred tax analysis, integration plan review and control environment analysis
