Regulatory Management

The Bank:

First Federal Savings & Loan Association of Greensburg (Greensburg, IN) and Taylor Advisors began working together in the 3rd quarter of 2014 in response to the bank receiving a public enforcement action from the OCC.

The Challenge:

The OCC outlined requirements for the former OTS institution in order to become compliant with applicable OCC laws, rules, and regulations, which included:

  • Writing a Capital Plan consistent with OCC guidelines and creating procedures to implement it.
  • Revising the ALCO Process, selecting an appropriate ALM model, developing IRR assumptions, implementing internal controls, and conducting a back-testing analysis.
  • Enhancing the liquidity management process with a formal comprehensive contingency funding plan.
  • Improve earnings performance and retention.

The Solution:

Taylor Advisors worked with the bank to develop a step-by-step process in order to comply with all requirements in the enforcement action within the short timeframe stipulated by the OCC. In addition to regulatory compliance management, during quarterly meetings Taylor Advisors focused on profit enhancement strategies in various parts of the balance sheet.

 

For details on the performance of Taylor Advisors’ investment advisory clients, please contact us at at sasha@tayloradvisor.com or 502-412-2205.