Looking for Banker’s Toolbox? You are in the Right Place!

Banker’s Toolbox is now Abrigo, giving you a single source for all your enterprise risk management needs. Use the login button here, or the link in the top navigation, to log in to Banker’s Toolbox Community Online.

Make yourself at home!

Looking for MainStreet Technologies? You are in the Right Place!

MainStreet Technologies is now Abrigo, giving you a single source for all your enterprise risk management needs. Use the contact us button here, or the link in the top navigation, to reach product support for your MST products.

Make yourself at home!

Looking for Sageworks? You are in the Right Place!

Sageworks is now Abrigo, giving you a single source for all your enterprise risk management needs. Use the login button here, or the link in the top navigation, to log in to your Sageworks products.

Make yourself at home!

Prepare, Perform and Plan | A Guide to Mergers, Acquisitions, and BSA & AML – Part 2

Learn how to navigate mergers/acquisitions and BSA/AML.

When it comes to mergers/acquisitions and BSA/AML “Proper Planning Precludes Poor Performance.”

With institution mergers and acquisitions on the rise, it’s important to conduct proper due diligence around BSA and AML. As learned in “The Importance of BSA/AML Compliance During and Acquisition: Proper Planning Precludes Poor Performance – Part 1” a compliant BSA/AML program can determine the success of a merger and/or acquisition.

No matter how good you are and no matter how much information you see pre-acquisition (in which confidentiality will prevent a full view of systems and customer data), evaluating a BSA/AML program comes with challenges. There’s a chance that you may have limited time, you may not have adequate resources, or might not have the access you need to find every possible BSA/AML issue. Because of these resource and time constraints, we must rely on either luck or a solid plan of action to find important issues in the most efficient, effective ways possible. In this paper, we will give guidelines and strategies around institution consolidations so you don’t have to rely on luck.