American National Bank Fox Cities. Wipfli helps implement a risk management program.
Ensuring continued compliance.
Situation
Specializing in small-business banking, American National Bank Fox Cities helps create opportunities for small-business owners to achieve their dreams. By offering flexible, responsive, and relationship-oriented financial services, the bank has grown to over $200 million in assets since its 1993 beginnings. To stay on track, ensure continued compliance, and protect the confidentiality, integrity, and availability of its financial services infrastructure, the bank needed assurances of its safeguards.
Strategy
The business of banking is fundamentally predicated on risks, and risk is exactly where Wipfli began its audit process for American National. Wipfli’s risk management services were engaged to establish an extensive program for the institution that included standards affecting administrative, technical, and physical safeguards. The firm provided ongoing examples of both threats and precautions that further helped American National to make changes on its own and mitigate risks. The firm continues to be proactive in informing the bank’s leadership of law changes and regulatory expectations.
Benefits
American National refined how it identified its risk tolerance and improved the management of its exposure. Better processes and procedures have allowed American National to be more confident in its decisions in support of other change efforts. As a result of improved processes and the dynamics of the Wipfli/American National partnership, the Appleton, Wisconsin, bank has grown profitability.
Relationship Executive
Kenneth Demerath, Partner |
Full Profile