Mergers and Acquisitions
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Valuation Considerations for Financial Institutions
This blog was authored by my colleague Gwendolyn Duda, a signing director in our valuations, forensics, litigation, and investigations (VFLI) group. In a time of competitive economic conditions, valuations of financial institutions are increasingly instrumental for supporting business strategy decisions. Financial institutions continue to face near-term headwinds with rising inflation, rising interest rates leading to […]
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Looking Ahead in 2022
One of CLA’s strategic advantages is our deep industry specialization. As we look to get a leg up on 2022 and absorb the lessons learned from 2020 and 2021, we see numerous opportunities and areas of focus for our financial institution clients. If we’ve learned anything during this time, it’s that we need to look at risk differently in this ever-changing environment.
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M&A Planning: Will the Intangibles Be Tax Deductible?
One of the questions we often get asked by potential buyers is whether or not the intangibles they are recording will be tax deductible. Tax basis goodwill and other intangibles can be tax deductible over fifteen years in some cases, but it depends on how the transaction is structured.
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The Need for Buy-Side Tax Due Diligence
There are lots of areas where CLA can help from evaluating accounting issues to assessing credit quality to assisting with IT system selections, but one area that isn’t always top of mind is tax due diligence.
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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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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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Death Benefits on BOLI Policies Could be Taxable Post-Merger
As a result of a provision in the Tax Cuts and Jobs Act (“TCJA”) primarily aimed at certain viatical settlement companies, banks completing mergers and acquisitions after January 1, 2018 could acquire BOLI policies that may have taxable death benefits.
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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” […]