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.

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

    Jul 26Case Study

    Credit unions improve data accuracy with robotics process automation

    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
    • Multi-state 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