The Independent Bankers Association of Texas, based in Austin, honored this year’s three winners of its coveted Five*Star Award during the organization’s 33rd Annual IBAT Leadership Conference on June 15 in San Antonio.
Since 2002, IBAT’s Five*Star Awards have recognized the organization’s associate members that routinely provide excellent service and innovative solutions to help community banks grow, enhance profits and gain efficiency. Criteria used to determine this year’s winners included service excellence, human relationships, integrity, commitment to the community banking industry and exceptional value to the banks they serve.
Tier 1 winner (10 or fewer employees) Kennedy Sutherland LLP is a law firm that advises financial institutions, businesses and nonprofits on corporate law, securities, mergers and acquisitions, capital raising, tax planning and loan documentation. This is the second year in a row the firm has received this honor. Since inception more than 30 years ago, it has concentrated on the financial services industry with a focus on community banks and their shareholders, directors and officers. The firm seeks innovative solutions for its clients, such as S elections, tax credit financing, and product and services expansion.
Tier 2 winner (11–199 employees) Bank Compensation Consulting Inc. specializes in assisting financial institutions with the evaluation of their compensation programs by identifying deficiencies in their current programs, creating customized plans and offsetting the cost with Bank-Owned Life Insurance (BOLI). It also provides ongoing administrative support and guidance on these plans. Bank Compensation Consulting was awarded this honor in 2015, as well.
Tier 3 winner (200 or more employees) BKD LLP is one of the largest national CPA and advisory firms, helping community financial institutions enhance performance and realize their goals. BKD also received this honor in 2013, 2014 and 2016. The firm offers a variety of services to community banks in Texas, such as accounting, audit and assurance, tax compliance, risk management, wealth management, loan review, regulatory compliance, information technology consulting, and merger and acquisition consulting.
“These companies not only provide value to Texas community banks, they also advocate for and actively participate in important activities supporting our industry,” says Chris Williston, IBAT president and CEO.
Formed in 1974, the Independent Bankers Association of Texas is the largest state community banking organization in the nation with membership comprised of more than 2,000 banks and branches in 700 communities.
Published in Bankers Digest July 2, 2018