Freed Maxick - Financial Institutions
Freed Maxick - Financial Institutions
Freed Maxick - Financial Institutions
Freed Maxick - Financial Institutions

Financial Institutions

Developing solutions to assist financial institutions in a complex regulatory environment.

Regulatory obligations. Risk management. Tax compliance and planning.

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 nationwide. Clients range from newly chartered institutions to established institutions managing billions of dollars in assets.

We help these organizations manage an array of business challenges, including ensuring regulatory compliance, identifying and mitigating risk, monitoring asset quality and strategic planning for the future.

Regulatory Compliance

Increasing scrutiny from federal and state regulators has put an elevated amount of pressure on financial institutions to ensure that they are in compliance with regulatory requirements. Our experience allows us to perform a diagnostic review of specific regulatory guidelines and develop a corrective action plan for the organization before examiners arrive.

Our Regulatory Banking Services Include:

  • Regulatory Compliance Assessment
  • Regulatory Compliance for Financial Institutions
  • BSA/AML Risk Assessment Services
  • Website Compliance Assessment

Risk Management

We understand the changing nature of risks and the growing concerns that face your institution. We utilize services such as Internal Audit and Loan Review consulting to assess and mitigate these threats, while also uncovering opportunities for process improvements. FDICIA and Sarbanes-Oxley consulting can pinpoint weaknesses in your institution’s current controls while also identifying opportunities to implement best practices that not only safeguard against threats, but improve the efficiency and effectiveness of your institution. We understand that each institution is different, so we design specialized solutions to comprehensively reduce risk and help to achieve your goals.

Our Risk Management Services Include:

  • Internal Audit
  • Loan Review
  • IT Security and Controls Consulting
  • Business Continuity Consulting

Tax Services for Financial Institutions

Our objective is to provide financial institutions with timely tax services that integrate your goals with opportunities to minimize your tax burden wherever and whenever possible. With this approach, our advisors help you define the right overall tax position to meet your compliance needs as well as your larger business objectives.

With the tax landscape continually changing; we can help determine how these changes affect your institution and suggest the most efficient and effective plan of action based on our knowledge of your institution and the banking industry.

Tax Services:

  • ASC 740
  • FIN 48
  • State and local tax
  • International tax
  • Transaction support services