The event for New England banking leaders is coming! Save the date for May 28 and May 29 at the beautiful Wentworth by the Sea Hotel, just outside of Portsmouth, New Hampshire. Join BerryDunn and Stifel for two days of networking, golf, and learning. More details to come in the following weeks.
FDIC issues its Third Quarter 2024 Quarterly Banking Profile
BerryDunn shares key highlights community banks should know from the Q3 2024 FDIC's Quarterly Banking Profile. Looking ahead, community banks will likely face new dynamics as regulatory oversight continues to evolve under the influence of a new federal administration.
Did you miss an ASU? We have you covered! Our quarterly update summarizes any new pronouncements in the last quarter that you should be aware of, including changes to financial statement reporting related to certain costs and expenses.
As technology advances, so do the methods employed by fraudsters, making it crucial for banks to stay proactive in their fraud prevention efforts. In this article, we explore current trends in banking fraud and effective measures financial institutions can implement to protect themselves and their customers.
Public business entities beware: Two sneaky ASUs are coming!
The Financial Accounting Standards Board (FASB) has recently issued two significant Accounting Standards Updates (ASUs): ASU No. 2023-07 and ASU No. 2024-03. These updates aim to enhance the transparency and usefulness of financial disclosures for public business entities (PBEs) and are only applicable to PBEs.
New Permissible Minimum Service Requirements for 401(k) and 403(b) Plans
The SECURE Act and SECURE Act 2.0 made several changes to 401(k) and 403(b) plan requirements, including a change to permissible minimum service requirements. Find out what you need to know.
The holidays may be over, but our holiday edition of the In the Know podcast has some great nuggets for bankers preparing for 2025. Don’t miss a review of the Q3 banking profile, special guest Lindsay Francis, and news about FFIEC’s Cybersecruity Assessment Tool (CAT).
Preparing for natural disasters: What banks need to know
In the wake of the devastating California wildfires and other natural disasters, our experts help financial institutions understand how these events impact portfolio loss expectations, how to reflect those in CECL calculations, and how to build a playbook now to be prepared later.
