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Banking is a complex field that requires specialized expertise and a dedication to staying on top of new developments. At DB&B, we have a team of six professionals (including three partners) who are experienced in providing audit and tax services as well as other business advisory service to banking institutions. Our team understands that banking institutions today face fierce competition for deposits, compression of profit margins, regulatory requirements and mounting concerns about identity theft – all of which put increasing pressure on efficiency ratios. We help our clients triumph over these challenges through advanced risk management, better financial planning and budgeting, proactive internal controls and metrics, and straightforward compliance procedures. However, we also recognize that at its heart, banking remains a service business; therefore, DB&B’s team is always mindful of how our recommendations will affect our clients’ customers. Our goal is ultimately not just to improve each client’s efficiency and profitability, but also its service, customer satisfaction and reputation in the marketplace.
OUR TEAM’S SPECIFIC AREAS OF EXPERTISE INCLUDE:
• Agreed-upon Procedures Engagements
• Auditing & Internal Control
• Business Development and Management Training
• Employee Benefit Plan Audits
• Financial Accounting
• Full & Partial Internal Audit Outsourcing
• IT Compliance Studies
• Opinion Audits
• Retirement And ESOP Plan Design & Record Keeping
• Succession Planning
• Taxation
• Technology & Reporting Systems
Over the years, DB&B has worked with a number of banking institutions, primarily community banks, all of which have a strong focus on the consumer and small business markets. Therefore, we understand and are experienced in dealing with the wide variety of retail banking services and products, including consumer loans products such as mortgages and automobile financing. In addition to DB&B’s resident experience, we also have access to deep expertise within the member firms of the PKF North American Network, through which we maintain close ties to the Office of the Comptroller of the Currency, the FDIC, the Federal Reserve Bank and the Office of Thrift Supervision. PKF is an association of 95 North American and 160 international independently owned accounting firms that seamlessly share training resources, best practices, information and expertise. DB&B routinely partners with other PKF firms to work on a variety of projects and accounts around the world. PKF allows DB&B to offer resources typically offered by national accounting firms – without their associated overhead costs and billing structures.
BY WORKING WITH PKF FIRMS, WE CAN OFFER THE FOLLOWING ADDITIONAL SERVICES:
• Asset/Liability Management
• Bank Stock Analysis
• Capital Planning
• Cost Control
• Liquidity Issues
• Management Accounting
• Mergers & Acquisitions
• Portfolio Management
• Profitability Measurement
• Regulatory Issues & Compliance
• Risk Management
• Treasury Management & Investment Policy
To learn more about DB&B’s Banking Services Group, email info@dbbllc.com or call Brian DuMond at 315.471.9171.
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