Holcomb Bank
Staying on top of changing regulations
Holcomb Bank works with Wipfli to help ensure its compliance with constantly changing regulations.
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The Challenge
Consumer regulations have changed enormously over Holcomb Bank’s 132-year tenure. The pace of change makes it difficult to maintain an effective compliance program — without help, that is.
The Solution
Wipfli helps Holcomb Bank implement risk-centered, best practice-based compliance solutions. Wipfli regularly delivers:
- Training for bank staff, board members and compliance personnel.
- Compliance support for new products and services.
- Coaching and testing for compliance examinations.
- Assistance with exam preparedness.
The examiner likened our compliance system to ‘a well-oiled machine.’ Part of our success is due to Wipfli’s assistance and resources. The firm’s associates have been there to answer our questions and consult with us all along the way.
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The results
During a recent FDIC examination, the bank examiner said Holcomb Bank’s compliance exam was the best she had been involved with in her career. Holcomb was complimented for its compliance approach and for having systems in place to effectively monitor compliance policies.
