Padgett, Stratemann & Co., LLP’s 2014 Financial Institutions Forum will be held at The Club at Sonterra in San Antonio on August 27, 2014.  Billy Granville, CEO and Managing Member of Granville Financial Group, has been invited to present. His presentation is entitled, Alternative Forms of Non-Qualified Deferred Compensation. This session will explore creative ways to structure deferred compensation to meet the needs of the bank and of the plan participant. It will also cover alternatives such as Phantom Stocks, Deferred Cash Incentive Plans, and Elective Deferral Plans.

Padgett, Stratemann & Co., LLP (“PS&Co.”) is one of Texas’ largest, locally owned CPA and business advisory firms. In business since 1945, PS&Co. is headquartered in San Antonio, with offices in Austin and Houston. The firm is dedicated to professional excellence, integrity, and community service. Its experienced professionals provide a range of sophisticated accounting, audit, tax, and other business advisory services to publicly-traded and private companies.

The Bank Industry Team specializes in serving community banks and currently serves over 75 banks with audit, tax, and consulting services on an annual basis. The total asset size of its current bank clients ranges from de novo institutions to $3.5 billion. Many team members have prior financial institution experience and designations, including Certified Regulatory Compliance Manager (“CRCM”), Certified Information Systems Auditor (“CISA”), and Certified Fraud Examiner (“CFE”). The Bank Industry Team has active participants and members in both the Independent Bankers Association of Texas and the Texas Bankers Association, believing its participation in these organizations helps to better understand banking industry issues and concerns.

The Bank Industry Team has, over the past year, delivered the following services to its independent bank clients:

  • Accounting and auditing services
  • Internal audit outsourcing
  • Independent loan review
  • Employee benefit plan audits
  • Forensic audit services
  • Regulatory compliance services and training
  • IT audits, security reviews, and policy development
  • FDICIA compliance and consulting
  • Cost segregation studies
  • Subchapter S conversion planning and implementation
  • Human resources consulting
  • Income and franchise tax planning and preparation services
  • Merger and acquisition accounting, consulting, and due diligence
  • Interest rate risk and liquidity risk management reviews