Consulting Services

ALLL Methodology
The Bank’s Board of Directors must approve the adequacy of the allowance for loan and lease loss (ALLL) each quarter and must approve the ALLL methodology annually. MAi performs an independent review of the ALLL process and methodology. We provide consulting services that will ensure that the Bank is in compliance with FAS 5 (ASC450-10-5) and FAS 114 (ASC 310-10-35).
Audit Committee
Attend Audit Committee to discuss findings, resolution options, etc.
Management Studies
Management studies result in more effective management processes and will positively impact the bank’s bottom line. McCormack and Associates, inc., performs management studies which are customized to meet individual bank’s needs. Typically, the effectiveness of the bank’s organizational structure and the management team are reviewed. Management information systems and processes are evaluated. Planning processes and communication systems are reviewed as well as the content and quality of management and board reporting. Selected policies are reviewed to assure they are up-to-date and provide adequate guidelines from the Board of Directors to management. At the conclusion of the review, any weaknesses in the management process and recommendations for remedial action are documented.
Special Projects
MAI’s experienced staff is available to perform special projects. Engagements that we have completed in the past include:
  • Pre-examination preparation
  • Post-examination consultation
  • Organizational and staffing studies
  • Policy review and update
  • Merger/acquisition planning
  • Management studies
  • Organization of the lending function
  • Succession planning
  • Review of Board packet
  • Review of Board Committee Structure, responsibilities and reporting requirements
  • Job descriptions for key positions

If we cannot help with you with your problems then we will refer you to someone who can.