A community bank since 1892, Holcomb Bank offers personal and commercial banking services with nearly $173 million in assets. Its main office is in Holcomb, Illinois, and it has four additional branches in the region.
Situation
Holcomb Bank has worked for decades to ensure sound compliance with consumer regulations, but today’s ever-changing regulatory environment makes maintaining an effective compliance program difficult. To help, the financial institution relies on Wipfli.
Strategy
Wipfli provides Holcomb Bank with a regulatory compliance approach centered on risk-focused, best practice solutions. Its team understands the realities the institution faces and regularly delivers:
- Training for staff, board members, and compliance personnel.
- Compliance support for new products and services.
- Compliance examination coaching and testing.
- Exam preparedness assistance.
Benefits
Holcomb Bank recently completed an FDIC compliance examination, The bank examiner noted Holcomb Bank’s compliance exam was the best she had been involved with throughout her career. Among the compliments received were the Bank’s proper adherence to regulations and having the systems in place to effectively monitor compliance policies.
