The CFO Network gathers marketing professionals from member banks, offering a forum for discussing best practices, exchanging ideas and techniques as well as sharing challenges unique to independent community banks and their teams.
CFO Network meetings focus on topics decided upon by the members, to ensure that you get the highest value out of each event.
This network is open exclusively to the employees of BankIn Minnesota bank members. It is an opportunity for our bank members' marketing professionals to share ideas and best practices.
Pricing: Complimentary for Bank Members only
Agenda
10:00 -10:15 – Welcome & Introductions
10:15 – 11:15 – Industry Trends & Accounting Considerations for Year-end; presented by FORVIS
11:15 – 11:45 – Q & A with the Expert
11:45 – 12:30 – Lunch
12:30 – 2:00 – Banker to Banker Discussion
Presentation Title: Industry Trends & Accounting Considerations for Year-end
Description: 2023 has been a wild ride for community bank CFO’s. Michael will cover community bank trends, including deposit pricing strategies. Additionally, the presentation will outline specific accounting and reporting updates to consider as your accounting team plans for year-end.
Takeaways:
- Gain an understanding of deposit pricing strategies happening in the industry
- Review CECL adoption trends, statistics and common mistakes made
- Understand the impact of accounting updates that will impact fiscal year-end
Presented in Partnership with 
Presenter: Michael Flaxbeard, CPA. Michael is a member of the Financial Services Practice and the Higher Education Practice. He has more than six years of experience providing audit and consulting services to both publicly traded and privately held financial institutions, including banks, credit unions, broker-dealers, investment funds, and fintech firms. He has extensive experience with SEC reporting requirements and integrated audits under SOX Section 404. Michael also has successfully assisted attest clients through the public registration process and is familiar with the reporting, regulatory, and compliance requirements associated with an initial public offering.
For privately held financial institutions, he has significant experience with reporting requirements and integrated audits under Statements on Standards for Attestation Engagements No. 15 stemming from regulation by the FDICIA.
Michael has a passion for educating his clients and consistently provides CECL education, implementation, and validation consulting services. He sits on FORVIS’ National CECL Committee and is called upon as a national resource for CECL presentations, FORsights™ development, and technical guidance. He also performs integrated audit implementation and outsourced internal audit consulting, ASC 842 adoption guidance, and consulting services that review fintech and traditional banking partnerships.
He is a participant in FORVIS’ innovation efforts to the accounting, audit, and consulting industries. He has participated in internal innovation tournaments aimed at creating and developing new services to better serve clients using cutting edge evolving technologies, and he is an active member of FORVIS’ Innovation Committee. Through his involvement on the committee, Michael has assisted with the development of an artificial intelligence application aimed to modernize current audit practices. He continues to help manage pilot testing of the application for FORVIS attest clients.
Michael is a member of the American Institute of CPAs and Missouri Society of CPAs. He is a former board member of the Greater Kansas City Chamber of Commerce genKC Steering Committee.
He is a graduate of Rockhurst University, Kansas City, Missouri, with a B.S. degree in accounting and an M.B.A. degree.
