Energy Industry Brochure

Regulatory Compliance

BKD National Financial Services Group’s full-time regulatory compliance consultants can complement your internal compliance staff on an outsourcing basis or periodically update and train your staff on new developments. We offer multiple bank regulatory compliance solutions.

Compliance Audits

BKD can conduct an independent review of your financial institution's compliance with consumer protection laws and regulations. Our review can complement your internal compliance monitoring system and identify weaknesses or areas that need additional attention. Our compliance audit program may be conducted once a year or may be ongoing; all products and departments are covered on a staggered basis.

Compliance Outsourcing

In circumstances in which the financial institution does not have an in-house compliance program, virtually the entire compliance program can be outsourced to BKD. Under such an arrangement, our consultants schedule periodic visits to your institution to perform transaction testing and training. We also help develop appropriate compliance policies.

Compliance Mentoring

BKD can provide a customized compliance mentoring program, complete with the tools, training and guidance to develop current bank employees into effective and knowledgeable compliance officers.

Compliance Training

BKD offers compliance training on numerous regulatory topics. Training can be structured by topic (covering one topic with all employees) or by function (covering various topics with one group of employees). Training programs also can be specifically tailored to your institution through the use of your forms and disclosures.

Specialty Reviews

Nancy Schoolman


Mark Burnside

Senior Managing Consultant

Mutual Savings Bank

“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

The Farmers & Merchants Bank

“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

Bank of Ann Arbor

“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

BancStar, Inc.

“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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