More about Neil Falken
Neil is a principal in our banking practice. He has more than 25 years of experience in the banking industry, which includes nine years in the private sector. His private industry experiences range from cashier to chief financial officer; however, his strengths are in both the operations and lending areas of community banks. Neil has led some of the firm’s largest bank external and internal audit and FDICIA engagements. Neil also assists clients with other projects such as merger and acquisition transactions and capital planning.
Blog Posts by Neil Falken:
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The Fed Announces New Facilities Which Will Provide Up to $2.3 Trillion in Liquidity with $600 Billion Directed at Main Street
Today the Federal Reserve Banks have announced the formation of two facilities aimed to assist banks, their holding companies and credit unions (“Entities”) in preserving Main Street businesses. The two facilities, the Main Street New Lending Facility (MSNLF) and Main Street Expanded Loan Facility (MSELF) will provide opportunities for entities to sell loans to the […]
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FASB Proposes Delays in CECL and Lease Standards
FASB plans to propose delays in the effective dates for two major standards affecting many community bankers, CECL and Leasing. They are also proposing delays in the Derivative and Long-duration insurance contracts standards.
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FASB Hints at a CECL Delay
In a recent American Banker interview FASB Chair Russ Golden defended the new accounting standard but also hinted at a possible delay in the implementation for smaller financial institutions and community banks.
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Deposit Insurance Fund Reserve exceeds The Minimum – I Smell Refund!
Small banks will receive a credit on their FDIC insurance premium. Check it out!
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Developing a Deposit Strategy? Do You Have an Industry-focused Approach?
Looking for deposits? Maybe this information will help.
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Community Bank Leverage Ratio Proposal Issued
The proposed Community Bank Leverage Ratio has been issued. Does the proposal provide the benefits and meet the intention of S.2155?
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Agencies Issue Proposal to Reduce Call Report Burden
The regulatory agencies have released a proposal to reduce the burden of preparation. Please check out our blog for info on the proposal.
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OCC and Fintech Charters
During the past several years our Financial Institutions Group has been contacted by various types of fintech-related groups. The obvious reason for connecting with us is our access to the 900+ community banks we work with throughout the country. Describing “various” types are groups looking to purchase a charter as an incubator for fintech products to “seasoned” […]
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Status of S.2155 (Economic Growth, Regulatory Relief and Consumer Protection Act)
When S.2155 was signed into law on May 24th it marked the beginning of an unknown timeline to initiate and finalize necessary regulations to effectuate change for community bankers. In early July the regulators released a plan to provide relief to larger, regional banks relative to stress testing and living wills. As for community bankers, […]
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S Corp Versus C Corp: To Stay or Not to Stay, That Is the Question!
We are engaged in various discussions with our bank clients related to the tax reform and whether it makes sense to remain an S corporation.