Banking

Psychologists estimate that roughly 80% of your day is filled with negative thoughts. In the current economic and regulatory environment, it might seem like 100% for bank executives!

Are you among the multitude of banks that have faced the question “Does our tax refund belong to the bank or holding company?” Well, on Friday, June 13, Federal regulators issued final supplemental guidance on income tax allocation agreements involving holding companies and insured depository institutions. The issuance represents regulators’ efforts to eliminate confusion and bring closure to the debate around the ownership of tax refunds. 

As a Board member, am I highly engaged in my bank’s activities or am I focused on the basic requirements? As the overall banking environment continues to evolve and as regulations remain high, board members can offer insight that is very impactful.

In today’s banking environment, new challenges surfacing with the slowly improving interest rates are requiring more focus on interest rate and liquidity risks.

It’s been said that you can tell you have an accountant with a personality if he looks at your shoes when he is talking to you, rather than looking at his own.

We’ll admit that we love to work with numbers, but please don’t stereotype us as traditional CPAs.  At heart, we are just like you – relationship builders.  That means we look clients in the eye, have real conversations about important topics, and genuinely care about helping solve business issues.