Loss-Share Transaction Services
Banks that enter into a loss-share transaction with the FDIC are undoubtedly aware of the issues involved in accounting for the transaction. With the increased complexity of financial reporting requirements for business combinations brought about by ASC 805 (formerly SFAS 141R), it is clear that the proper valuation and reporting of this transaction is vital to the ongoing health of the acquiring financial institution.
Mercer Capital can help. While relatively few of these loss-share transactions have occurred since ASC 805 became effective, we are one of the only firms who have provided valuation services to assist with financial reporting requirements in such a transaction. As such, we have valued depository customer relationships, loan portfolios, and time deposit portfolios that were acquired in the context of a loss-share transaction accounted for under ASC 805, and our fair value opinions have been consistently accepted by the Big Four audit firms and other reporting entities.
Mercer Capital's Financial Institutions Group has over 25 years of experience assisting clients in a broad range of transaction and financial reporting activities. Our professionals have the expertise to guide financial institutions through the regulatory, securities, and reporting intricacies that accompany transactions for institutions receiving regulatory assistance.
Contact Andy Gibbs at 901.685.2120 to discuss your needs in confidence.
Mercer Capital can help. While relatively few of these loss-share transactions have occurred since ASC 805 became effective, we are one of the only firms who have provided valuation services to assist with financial reporting requirements in such a transaction. As such, we have valued depository customer relationships, loan portfolios, and time deposit portfolios that were acquired in the context of a loss-share transaction accounted for under ASC 805, and our fair value opinions have been consistently accepted by the Big Four audit firms and other reporting entities.
Mercer Capital's Financial Institutions Group has over 25 years of experience assisting clients in a broad range of transaction and financial reporting activities. Our professionals have the expertise to guide financial institutions through the regulatory, securities, and reporting intricacies that accompany transactions for institutions receiving regulatory assistance.
Contact Andy Gibbs at 901.685.2120 to discuss your needs in confidence.
