Banking/Financial Institutions

Regulatory obligations. Risk management. Tax compliance and planning.

With more than 80 years of experience serving financial institutions across the country, we develop solutions to assist financial institutions in today’s challenging economic environment. From accounting and tax to specialized risk management and consulting services, our industry specialists serve banks and savings institutions, trust organizations, credit unions, mortgage companies, and finance and leasing companies.

IT Vision helps bank achieve IT consistency and increased service quality for customers
C US Bank increased customer and employee satisfaction by providing consistent service, improved flexibility and better business alignment by leveraging McGladrey’s IT Vision solution.

IT Vision improves financial institution's network stability, efficiency and regulatory exam results
McGladrey's IT Vision managed services solution provided Goppert Financial with a more dependable and efficient network and ultimately increased productivity and security.

A Review of the Florida International Bankers Association 12th annual Anti-Money Laundering (AML) Compliance Conference
The Anti-Money Laundering (AML) Compliance Conference hosted by Florida International Bankers Association (FIBA) has for the last twelve years highlighted trends in compliance and offered international banks insight into protecting their operations. This year's conference featured numerous insightful sessions.

2012 New England Loan Loss Survey
Since 2005, our annual survey has provided community bank executives with a unique resource: loan loss benchmark statistics taken from their peers in the industry.

Bank board goes paperless; experiences enhanced communication and cost and labor savings
Emerging technologies and a mobile platform enable the board of directors to view meeting packets electronically while increasing security and decreasing expenses and paper usage.

Using key risk indicators to recover, improve or maintain
institutional performance
In the midst of the economic downturn, financial institutions—particularly community banks—must identify and implement key risk indicators to help mitigate emerging risks that threaten performance.

Critical Questions and Answers to Issues Facing Banks Today
Find answers to the questions that keep bank executives up at night to help improve performance, effectively and efficiently comply with regulatory issues and uncover hidden opportunities for growth.

NCUA Releases Risk Alert to Address Security Incident Prevention
and Detection
The National Credit Union Administration (NCUA) recently issued a Regulatory Alert to federally insured credit unions following recent security breaches involving unauthorized access. The guidance provides information regarding the review and augmentation of risk management practices in order to protect and secure member information.

How will the PCI DSS impact your financial institution?
Find out how your organization will be impacted by the standard, hint - it’s not just your IT department, and common challenges financial institutions experience with achieving compliance.

The Trouble With Mergers: Tax Concerns Within the Banking Industry
There are three types of statutory mergers that are prevalent within the banking industry. Find out how to mitigate tax concerns associated with each that could lead to trouble.

It’s Not Over ‘Till It’s Over
In this blog post from Bank Director, Managing Director Michael Sher discusses how McGladrey works with the FDIC and shares his outlook for where the market is headed with bank closures.

Small Business Lending Fund Overview
This article provides terms of the Small Business Lending Fund (SBLF) and certain factors that institutions should be aware of. The SBLF is a $30 billion fund that encourages lending to small businesses by providing Tier 1 capital to qualified community banks with assets of less than $10 billion.

Obama Tax Compromise Passes: Tax Cuts Extended, Business Incentives Enhanced
Sweeping bill continues Bush-era rates, extends jobless benefits, sets estate tax parameters, cuts Social Security payroll taxes, provides AMT patch and includes business stimulus credits and provisions.

Information Technology Risk Management for Financial Institutions
The burden on financial institution IT systems has significantly increased due to heightened regulatory demands and a growing number of internal and external risks. How you manage threats, as well as system flexibility and responsiveness, are critical factors in the continuing health of your institution.

McGladrey Performs Seller Due Diligence for $1.7 Billion Structured Loan Sale
The due diligence project included detailed analyses of more than 200 loans and 100 real estate-owned assets across the United States

Dodd-Frank Act Details Impending Changes for Financial Institutions
The Dodd-Frank Wall Street Reform and Consumer Protection Act increases federal oversight to discourage high-risk behavior by institutions and protect against a repeat of recent financial turmoil. See what effects — both positive and negative — the act could have on your institution.

New Ruling Regards Mortgage Loan Officers as Non-Exempt now - Is Your Bank Compliant?
The U.S. Department of Labor recently determined that mortgage loan officers will now be considered as non-exempt employees. Mortgage loan officers were previously considered exempt employees under the Fair Labor Standards Act.

When is a Financial Institution Subject to State Income Tax? The Developing Concept of Economic Nexus
With the increased use of the Internet in commercial activity, state taxing authorities are focusing on imposing income taxes based on an institution's participation in a state's marketplace even without a physical presence