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

Kevin Schalk
CPA
Principal

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

Case studies

Case Study

View of a computer server room

Regional banking and investment company streamlines performance processes with Oracle HCM Cloud

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

Our services

Cybersecurity
Proactively protect and address your cybersecurity and information technology (IT) risks.
Data Solutions
Capturing, understanding and leveraging the data that matters most and bringing it into focus is no trivial matter. Rely on our experience to drive your business forward.
Forensic Accounting
When critical situations arise, organizations count on Baker Tilly to deliver accurate and reliable financial analysis to help forge a path forward.
Tax
Contributing to clients’ success by accelerating tax deductions, increasing tax credits, reducing cash taxes and mitigating risks
Transaction Advisory Services
Baker Tilly’s transaction advisory services team provides straightforward advice to clients on every critical business decision before, during and after a transaction.

Related industries

Banking & Capital Markets
With the banking industry (and world) in a state of digital transformation and change, you need a team that can assist in navigating challenges and charting a new course.
Consumer Lending
Baker Tilly lending industry professionals collaborate with mortgage, student loan, automotive and other lending organizations to enhance analytics and process governance.
Credit Unions
Baker Tilly financial institutions practice leaders work with credit unions to help them enhance member experience, deliver on their mission and grow their institution.
Financial Services
The financial services industry continues to diversify, but competition and more complex vendor relationships make determining business strategy more complicated.

Our professionals

Kevin SchalkPrincipal

Data storage room

E-book

Sustainable cybersecurity management e-book

CECL virtual workshop on an ipad

Webinar

CECL implementation: Virtual workshop on CECL methodology – vintage loss analysis

Watch the video

Banking audit committee talking at a table

Webinar

Banking audit committee 101: Understanding and executing your fiduciary duty

Watch the video

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