One Small Step for a Brand New Bank
A brand new bank, just 1½ years old, hired BKD to administer its retirement plan. In the process, we learned the bank was unhappy with its CPA firm but uncomfortable with the idea of changing. Nevertheless, bank management conveyed their specific concerns about an upcoming stock offering and loan production office application.
In response, we demonstrated our experience with private placement offerings and regulators—and ended up helping the bank generate $3.5 million in capital and open a new loan production office. As a result, the bank overcame its reluctance to change auditors and hired BKD to provide tax and audit services as well as ongoing benefit plan administration and technology and regulatory compliance consulting services.
The result: now the bank rarely makes a move without running its plans by BKD and considers BKD a partner for life.
Merger & Acquisition Services
Mergers, acquisitions, new charters or branching activities require careful planning and analysis. With our experience, knowledge and the resources of BKD Corporate Finance, LLC, we can:
BKD helped us put our first acquisition together. Their understanding of the issues we faced and their creativity in coming up with innovative solutions created tax savings that we will realize for years to come. It was reassuring to have BKD at our side as we crossed a new bridge for the first time.
— Lyle Jones, President
High Touch, Inc.
Wichita, Kansas
High Touch, Inc.
Wichita, Kansas
- Study the effect of the proposed transaction on your operation
- Assist with due diligence
- Develop strategies, such as the use of the holding company & reverse stock splits, to facilitate the transaction or eliminate minority shareholders
- Perform a business valuation of the organization
- Help structure the transaction in the most tax-advantageous manner
- Prepare applications for state & federal regulatory approval
- Represent your organization in a transaction
Holding Company Formations
BKD Financial Services Group can assist you in evaluating the pros and cons of forming a holding company, considering such issues as tax advantages, stock redemption opportunities, new lines of business, acquisition opportunities and regulatory issues. Once you’ve made the decision to form a holding company, we can help you form the company by preparing projections and application forms.IPO & Stock Conversions
The decision to go public or to convert from mutual to stock ownership requires careful planning and analysis. BKD can help financial institutions with this complex process in the following ways:- Analyze the feasibility of an initial public offering (IPO)
- Assist with strategic planning & business plan development
- Analyze the potential price-earnings multiples available from public markets
- Assist in the preparation of data for inclusion in the applications & filings
