Financial Institutions

Knowledge. Diligence. Reliability.

The financial markets are faced with more regulatory compliance challenges than ever before. With a high profile regional presence in California, the professionals in our banking practice are subject matter experts on financial statement audits, internal control over financial reporting, tax work and accounting issues. For four decades, our partners have been substantively involved in every engagement, helping clients make pivotal decisions and resolve complex reporting issues.

With renowned longevity in our staffing, and our fixed fee offerings, clients receive a level of value that is measurably better. Clients know that, year after year, we will be there to help resolve diverse operating and accounting challenges, with the least possible disruption to their work routines, working hard to make a difference.

The financial institutions we serve range from De Novo banks — startup institutions, newly chartered — to savings and loans, mutual associations and other financial institutions with approximately $3 billion in assets, some of which are SEC clients. We serve more than 50 publicly and privately-held financial institutions with an emphasis on metropolitan community banks. VTD has the most banking expertise of any firm of its kind in Southern California. And with our state-of-the-art technology and virtual portal, we can provide this same level of service to banks not in our immediate vicinity.

Learning your options. Making sound decisions.

A boutique size firm like ours offers clients the advantage of partners who are 100% involved and able to provide an unprecedented level of service. Rather than leave institutions to “figure things out” on their own before they’re subjected to the rigors of an audit, we work with them through the decision-making process. That way, they can get it right the first time.

While the recession gave rise to many mergers and acquisitions resulting in substantial consolidation within the banking industry, we have continued to grow, with the ability to accommodate other opportunities in the financial arena. Given our expertise in both the Not-For-Profit industry and the Financial Institutions industry, VTD is uniquely positioned to service Community Development Financial Institutions (CDFIs) and loan funds — Not-For-Profit tax exempt organizations that receive government funding and government guarantees – who play a key role in lending to underserved communities and creating jobs. In addition, our proven expertise in serving regulated financial institutions seamlessly translates to an ability to provide high-quality service to the credit union industry, further diversifying our portfolio. We perform with the highest standards of integrity as we help clients manage risk and address the labyrinth of accounting issues. Our team is proactive in keeping clients informed of relevant new issues on the horizon. We provide strategies, innovative risk reduction solutions, technical assessments and sophisticated recommendations that only in-depth experience can produce. We seek to create new value as market-driven opportunities emerge, always working to optimize present operations. We know we bring value and, above all, so do our clients.

VTD is also a member of “Banking CPAs”, a highly regarded network of 16 CPA firms which specialize in serving the financial institutions industry. Collectively, the firms in this association provide professional services to over 2,000 institutions nationwide.