As financial institutions approach the $1 billion threshold in asset level, processes and procedures should be developed to ensure compliance with the requirements of the Federal Deposit Insurance Corporation Improvement Act (FDICIA) are in place. This webinar provides background on the requirements of FDICIA at the different asset levels and provides insight into the steps that should be considered prior to being required to follow the additional FDICIA requirements when reaching the $1 billion threshold.
"40 Percent of Banks Approaching $1B in Assets are Behind on FDIC Improvement Act Compliance"
"42.9 percent of respondents answered “Have to comply next year! No time." or "Need to comply this year ... behind schedule" to a poll question during the FDICIA implementation: Are you close to approaching the $1 billion threshold? webinar on April 12, 2018."
For more information or to learn how Baker Tilly banking industry specialists can help, contact our team.