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Business Combinations in a Banking Context

November 30, 2021
12:00 PM to 1:00 PM EST

Natasha Morales
Email
Technical Support:
844-580-6963

Technical Support
(BDO Employees):
888-236-9111
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  • Summary
  • Additional Details
  • Co-Sponsor Information
  • CPE Information
  • Panelists and Moderator
The session will explore the accounting, tax and valuation issues surrounding business combinations within the financial services sector.

The session will explore the benefits of performing comprehensive tax due diligence on banking transactions, including identification of business tax risks, opportunities to remediate exposures before being identified by prospective buyers, identification of tax attributes that could provide prospective buyers with future tax benefits, evaluation of tax structuring alternatives and negotiation of tax aspects of the purchase agreement. The discussion will also touch on the ever-expanding challenges of managing through the complexities of tax issues impacting business combinations.  
The program will discuss the most common intangible assets, financial assets and liabilities considered in bank acquisitions. It will also outline the most common valuation approaches, trends, and pitfalls in valuing these assets and liabilities. Participants can expect to learn about valuation issues related to core deposit intangibles, loan portfolios and fixed term deposits, along with other less common asset classes that may be part of bank acquisitions.

Finally, the session will cover the Day 2 accounting issues related to business combinations in the banking space through a discussion about income recognition as it relates to loan portfolios as well as the difference between Fair Value and Current Expected Credit Loss (CECL) as it relates to purchased credit deteriorated assets.
This webinar is co-sponsored with:

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Disclaimer: This webinar is jointly sponsored by BDO USA LLP (“BDO”) and Mitchell Titus. Information that you submit in connection with this event (e.g., registration information, courses selected) or that we collect about you during your participation in this event will be shared between BDO and Mitchell Titus may use your information for the following purposes: event-related purposes; to contact you with information and offers about BDO or the Mitchell Titus either individually or together; and as otherwise set forth in BDO’s or Mitchell Titus’s respective privacy policy. Please contact Natasha Morales with any questions.
Moderator:
Terry Lamantia - Account Executive and Tax Partner, Mitchell Titus

Panelists:
Frederick E. Davis Jr. - Partner and Tax Services Leader, Mitchell Titus
Evlon Charles - Valuation & Business Analytics Director, BDO USA LLP
Phillip Hyatt - Assurance Partner, BDO USA LLP
Learning objectives:
  • Discuss tax due diligence considerations in bank acquisitions
  • Understand valuation issues related to business combinations in the banking industry
  • Explore Day 2 day accounting issues related to business combinations in the banking industry
Delivery: This webinar will be delivered via the BDO Online CPE Network
Prerequisites: None
Advanced Prep: None
Credits: 1.0 credit in the field of Accounting
Program Level: Basic
BDO USA, LLP is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org