Banking & Financial Services
Banking and financial services clients need more than just traditional accounting and tax services. Our principals and managers work with clients to help them navigate the regulatory and accounting challenges they face. We’ve called regulators on a no-name basis to find out what the FDIC really thinks about accounting issues, set up charitable foundations, helped navigate the issues with terminating pension plans and talked through issues around deferred taxes and Basel III.
Our clients include commercial and savings banks, credit unions, trust companies, non-depository trust companies and registered investment advisors, all of whom have benefited from our advice and input.
We also actively support our clients’ banking associations in Connecticut, Maine, Massachusetts, New Hampshire, and Vermont and as well as the Financial Managers Society Boston chapter. We attend, sponsor and present at their meetings. Our employees also attend the annual AICPA Banking Conference, the FDIC’s Annual Regulator – CPA Roundtable, and the Bank Tax Institute, among others. This gives us an inside view of trends and allows us to develop rapport with banking and other regulators.
Our industry is continually changing and BNN is quick to bring changes in accounting rules and regulations to my staff and me, giving us time to adapt…
– Executive Vice President of a BNN Banking Client
Related Resources (Read More in Our Library)
- FASB’s Current Expected Credit Loss Model for Credit Loss Accounting (CECL)
- FASB Issues Guidance on CECL
- Low Income Housing Credits – Tax and Accounting Issues
- New Guidance on Leases Finalized
- Updates To The FFIEC Examination Booklet
Jeff began with Baker Newman Noyes when the firm was founded in 1995 having previously worked at one of our predecessor companies since 1990. He is a Principal in the firm’s Audit Division specializing in financial institutions, not-for-profit companies and employee benefit plans.