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Issues Faced by Banks and Bank Holding Companies

The role that community financial institutions play in the recovery and growth of the local economy has never been greater. The current trend of merger and acquisition activity and the cost of compliance are just two of the many challenges facing community and regional banks. You need a resource that has experience assisting institutions in the many phases of growth of their organizations and has the ability to grow with you. From initial public offerings to acquisitions of other banks or financial service entities, you need an advisor who has seen it before and has hands-on experience in dealing with the current issues affecting banks.

Our Services to Banks and Bank Holding Companies

Our bank practice is geographically expanding and serves a wide-range of clients from small mutual savings banks to large publicly-held, multi-state regional commercial banks. At Wolf & Company, we analyze and research new accounting pronouncements, regulatory requirements, and taxation issues to develop useful approaches and tools for use by our bank clients.

Services include:

Financial statement audits

  • Audit requirements of FHA-approved lenders
  • SOX 404 and FDICIA internal control testing

Tax compliance and planning

  • Preparation of federal and state income tax returns
  • Employee benefit plan consulting and tax return preparation
  • Federal and state tax minimization
  • Multi-state planning and analysis

Employee benefit plan audits

Technology audit & security

Internal audit co-sourcing and outsourcing

Regulatory compliance

  • USA Patriot Act
  • Bank Secrecy Act
  • OFAC rules
  • Residential and consumer lending
  • Truth in savings
  • Internet reviews
  • Electronic Funds Transfer

WolfPAC Integrated Risk Management®

Business Advisory

  • Financial statement and tax consequences of stock based compensation
  • Stock conversions
  • Merger and acquisition services
  • Purchase accounting considerations
  • Analysis of tax implications of transaction structures
  • Tax opinions
  • Branch acquisitions