Financial Institutions
Lindgren, Callihan, Van Osdol & Co., Ltd. has firmly established itself as a leader in this industry, serving more than 130 financial institutions throughout Northern and Central Illinois, Eastern Iowa and Southern Wisconsin.
Financial Institutions constitute a specialized industry. Accordingly, experience and technical expertise with the applicable accounting principles, regulatory issues and income tax regulations is necessary to perform the accounting services for such organizations. Our firm has acquired the specialized skills over the past 40 years through continuing professional education courses, seminars and extensive job experience with our financial institution clients. We provide a wide variety of highly specialized services to financial institutions ranging in total asset size from de novos to $1 billion in assets.
We continually update our professional library on new developments and maintain a current analysis of all regulations affecting financial institutions. To stay current with the changing regulatory and competitive issues affecting financial institutions, LCV is a member of Community Banking Advisory Network (CBAN). CBAN is a nationwide network of regional owned accounting firms committed to providing high-quality financial and consulting services to financial institutions. Members are selected for their experience and ability to provide proactive solutions to the accounting needs of financial institutions. This network currently provides services to more than 25% of all financial institutions in the United States. We regularly meet for continuing education and are all part of an e-mail network designed to share ideas on issues facing any of the firms. For more information about CBAN, click on the logo below.
LCV is also a member of PKF North American Network. PKF North American Network is an association of independent accounting firms. Our membership in PKF provides direct and indirect benefits to our clients in many ways.
- Client representation can be provided throughout the country and the world.
- Shared technical experience among member firms assures high quality work for our clients.
- Sharing of knowledge and skills among member firms permits us to provide additional expertise in the handling of any business problem. In fact, PKF-affiliated Firms have a collective staff of more than 2,000 professionals.
- Comprehensive, continuing professional education programs are available to the partners and staff of all PKF member firms.
Membership in the PKF North American Network represents our continuing effort to provide the highest quality services available. It supports our philosophy of taking our client’s responsibilities seriously and recognizing the need to consistently provide services which are efficient and cost effective.
We believe our dedication of resources to the financial institution industry will provide your organization with a rich resource of practical and technical expertise and allows us to become a valuable part of your management team.
Services Provided to the Industry
- ACH audits
- Asset/Liability projection
- Bank Secrecy Act assessments
- Building Cost Segregation Studies
- Cafeteria plan administration
- Capital Planning
- Compensation analysis
- Corporate tax planning and tax return preparation
- Directors' examination
- Due diligence examinations
- Federal Home Loan Bank asset audits
- Financial statement audits
- Fixed asset depreciation accounting
- GLBA testing
- Holding company reporting
- Information system consultation
- Information system examinations
- Interest rate risk model validation
- Internal audit implementation
- Internal audit reviews and services
- Intrusion/Penetration testing
- Loan grading systems implementation
- Loan reviews
- Merger and acquisition consultations
- Mortgage program implementation
- Regulatory compliance consultations
- Regulatory examinations and training
- Risk management analysis
- Pension and profit sharing accounting and reporting
- Policy reviews
- S corporation conversions
- Stock incentive planning
- Strategic planning facilitation
- Trust examinations
- Valuations
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