Customer depositing check to community bank via smartphone technology

Community Banks

Faced with changing regulatory requirements, intense technology disruption and an accelerated M&A environment, community banks need specialized financial and operational solutions tailored to their size.

Community Banks

    Work with a team of experienced professionals dedicated to the community banking industry.

      Our solutions

      For community banks in need of timely, relevant and effective solutions, Baker Tilly brings you skills, knowledge and exceptional client service from specialized banking 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.

      Services

      Grow your business

      • Merger, acquisition and transaction advisory
        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

      Optimize resources

      • Corporate governance consulting
      • Corporate tax planning and compliance
      • HR consulting and benefits administration
      • Internal audit
      • Multistate tax planning
      • Robotic process automation (RPA)
      • Tax credits and incentives

      Manage risk and compliance

      • Regulatory compliance:
        Anti-Money Laundering (AML)
        Bank Secrecy Act (BSA)/Foreign Corrupt Practices Act (FCPA)
        FINRA Rule 3310
        Gramm-Leach-Bliley Act
        RESPA/Regulation Z/Dodd Frank
        USA Patriot Act and Bank Secrecy Act (BSA)/Anti-Money Laundering (AML) audits and model validations
      • Cybersecurity and IT risk:
        – 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)
        – 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
      • Fair Lending assessments
      • FDICIA assistance
      • Loan reviews and collateral reviews
      • Sarbanes-Oxley (SOX) assistance
      • Trust department reviews

      Gain assurance

      • Accounting for loan and lease loss (ALLL) review, including assessment, implementation and validation of current expected credit loss (CECL) models
      • Control testing
      • Financial statement audits and reviews
      • Lending and deposit compliance audits/monitoring procedures
      • Quality Assessment Reviews (QARs)
      • Securities and Exchange Commission (SEC) filings
      • System and organization controls (SOC) reporting
      • Tax accounting methods reviews
      • Tax compliance and consulting