While many industries have seen significant change over the last decade, none have been through the turmoil experienced by the banking industry.
Recent economic factors and events have led to more public scrutiny and stricter regulation, much of which has had a direct impact to the bottom line for community banks. In addition, the growing use of technology is changing the face of banking.
In the future, only the most competitive community banks will survive in today’s climate, where the highest business practice standards are expected. Mitchell Wiggins can help you in this new normal. With our decades-long specialty in community banking, we can provide valuable insight into industry best practices and help to improve operations. That gives you the time to focus on the really important things—serving your customers and generating shareholder wealth.
Here are just some of our industry-specific services to community banks: External audits; Internal audits; SOX documentation and testing; Public funds audits; ACH audits; Loan review; Trust department review; Income tax preparation including quarterly calculations; Financial statement preparation assistance; Employee benefit plan audits; and Consulting services.
Our industry team has over 150 years of collective experience with community banks and we are an associate member of the Virginia Association of Community Banks.
Member Since: 2013