Financial Services

Financial Services Brochure

Financial institutions across the country depend on BKD as their CPA and advisory firm. BKD National Financial Services Group offers the experience and commitment needed to help enhance your institution’s performance.

BKD National Financial Services Group consultants provide a wide variety of consulting and compliance services for financial institutions. We offer insight through articles and presentations for numerous industry organizations, including the American Bankers Association, Financial Managers Society and Independent Community Bankers of America.

Our financial services include:

  • Regulatory compliance, including Dodd-Frank requirements
  • Internal audit services
  • Loan review services
  • Tax services
  • Enterprise risk management
  • SEC reporting
  • Profitability enhancement
  • IT risk assessment
  • Strategic planning
  • Merger and acquisition services

Budgeting, choosing the right accounting method and tax planning are all complicated, yet vitally important, functions for financial institutions. You need ideas. BKD National Financial Services Group can help. Our professionals have decades of knowledge to help you experience peace of mind when it comes to audit and tax issues. The following are the areas where BKD’s experience can help your institution in multiple ways:

  • Assurance services, including audits, reviews and compilations
  • Section 404 compliance
  • Prospective financial statements
  • Internal audit and internal control assistance
  • Operating and capital budgets
  • Tax planning and transaction structuring
  • Real estate cost segregation studies
  • Accounting method changes
  • Investment strategies through BKD Wealth Advisors, LLC

Few other industries face as many regulatory changes each year as financial services. BKD National Financial Services Group can help you experience leadership and clarity as you face compliance issues. Our experts can help in the following areas:

  • Compliance Audits
  • Compliance Outsourcing
  • Compliance Mentoring
  • Compliance Training
  • Specialty Reviews
    • BSA/Anti-money Laundering Reviews
    • Fair Lending Assessments
    • CRA Performance Assessments

Change is a constant in the financial services industry, as banks, credit unions and other institutions continue to seek opportunities to merge with others, form new holding companies or start up de novo banks. BKD National Financial Services Group can help you and your customers experience a smooth transition, no matter what that transition is. The following are a few areas where BKD can help:

  • Mergers and acquisitions, including due diligence services
  • Holding company formations
  • Stock conversions
  • Initial public offerings
  • De novo services

Lending is a vital function for any financial institution. With BKD National Financial Services Group, you’ll experience direction from the following services:

  • Complete outsourcing of loan review function
  • Co-sourcing with your bank’s team
  • Due diligence work on acquisitions
  • Special projects on specific portfolio areas

Mitigating risk is an important consideration for your bank or financial institution. BKD National Financial Services Group can help you manage risk. With the following services, you’ll experience our commitment to integrity:

  • Internal Audit
  • Loan Review
  • SAS 70 examinations
  • Sarbanes-Oxley compliance consulting

Most financial institutions want to stay on the cutting edge of technology to grow their company and maintain efficiencies. BKD can help you experience cutting edge developments in the following areas:

  • IT governance
  • Risk & security assessments
  • IT policy development & consulting
  • IT audits and control reviews
  • Network reviews
  • Penetration testing
  • Social engineering
  • Disaster recovery and business continuity planning

Donald Hutson Jr

National Industry Partner

Donald Hutson Jr

National Industry Partner

Financial Services

One Metropolitan Square
211 N. Broadway Suite 600
St. Louis, MO 63102-2733

St. Louis

“We became familiar with BKD when our Chief Credit Officer participated in one of their seminars and was impressed with their knowledge of the financial industry and the changing regulatory environment. After researching other accounting firms, we selected BKD for various consulting engagements and are extremely pleased with our decision.

The BKD accountants and advisors have given us lots of sound ideas and truly want to help! We are really impressed with the entire team and appreciate their quick follow up and thorough response to our questions.

When I call for a partner with questions and should that partner be out of the office, the staff member taking my call doesn’t miss a beat and promptly follows up in answering my questions as quickly as possible. I’m very impressed with BKD’s superior service."

— Stan Park, President
First Colorado National Bank
Paonia, Colorado

“During the conversion, BKD’s support and guidance were very much appreciated. Whether it was in the planning process or during the actual conversion—setting up general ledger accounts for the holding company, discussing income tax implications and planning or how to properly work through SEC and other regulatory issues—BKD’s input and assistance were critical to our successful conversion.

As we planned for a possible conversion several years before it actually took place, we engaged the services of BKD as part of the process of getting the bank in the proper position for the conversion from a mutual to a stock bank. Not only did it prove beneficial during the conversion, but even to this day the decision to engage BKD has been a great benefit to this bank.

When a bank considers conversion to a stock bank, it is important to consider accounting and tax related needs after the conversion. Since 2004, we have had many issues come up with which BKD has helped greatly. For this bank, these issues included return of capital considerations, assistance in dealing with ESOP matters, when it is appropriate to file consolidated tax returns (or not) and dealing with issues relating to our decision to deregister from the SEC. Each year the process of preparing the company’s annual report and support in the annual meeting of shareholders goes very smoothly, largely due to BKD’s assistance.

Having engaged BKD for a variety of services gives the board of directors confidence in each of the areas served. Feel free to contact me at any time concerning the value of BKD’s expertise.”

— Robert D. Heuchan, President
Mutual Savings Bank
Franklin, Indiana

“I’ve done business with BKD for several years. They have come up with ideas that have helped us save money and with advice that has enabled us to work smarter, not harder, and be more efficient. Their insight has been instrumental in helping us manage the bank and keep us headed in the right direction. I really believe BKD has helped us be a better bank.”

— Charlie Butler, Retired President/Vice Chairman
The Farmers & Merchants Bank
St. Clair, Missouri

“I have found BKD to be very professional, knowledgeable and responsive to our needs. Their guidance has been instrumental to our bank and the benefits of their advice go well beyond the initial loan review process.”

— Tim Marshall, President & Chief Executive Officer
Bank of Ann Arbor
Ann Arbor, Michigan

“We like BKD because they know financial institutions. They have helped us with a variety of regulatory compliance services and always send well-trained and knowledgeable professionals to our banks.”

— Thomas H. Keiserm, President
BancStar, Inc.
Festus, Missouri

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