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2017 Financial Institutions Finance & Accounting Conference

Event Sponsored by: Massachusetts Bankers Association, Massachusetts Financial Services Insurance Agency, Inc., BerryDunn and Kaufman Hall

October 18, 2017 | 8:15 AM - 4:00 PM

Program Description

Gain knowledge on BOLI trends, management strategies, bank regulatory issues, cybersecurity, interest rates and CECL.


    8:15 a.m. Registration, Continental Breakfast

    8:45 a.m. Welcome
    Tanya M. Duncan Senior Vice President, Massachusetts Bankers Association Boston

    8:50 a.m. Executive Director Benefits & Update on BOLI Trends
    John Gagnon, CPAA | | Reading, MA

    John Gagnon will review the latest trends in executive and director benefit plans. SERP’s, Deferred Compensation and Director Retirement plans are a critical component to attracting and retaining top talent. Find out how these plans have evolved and the successful components of a properly designed program. Additionally John will provide an update on the BOLI market including top carriers, yield outlook, compliance updates and current trends.

    9:40 a.m. Addressing Succession Issues
    Rob Barton, JD, MBA |Managing Consultant | Bank Compensation Consulting, Plano, TX

    Is your business plan lacking key issues that can help your bank remain independent? Most community bank business plans touch on SWOT analysis (strengths, weaknesses, opportunities, and threats) followed by a discussion of new initiatives. Learn strategies for management and board succession, as well as ownership options to promote flexibility in your decision to remain independent.

    10:30 a.m. Coffee Break

    10:45 a.m. Bank Regulatory Panel
    Moderator: David Sidon | Principal | The Navis Group | Boston, MA
    Michael Ravid | Director, Regional and Community Examination Supervision | Federal Reserve Bank of Boston | Boston, MA
    Mike Hensler | Deputy Commissioner | Division of Banks | Boston, MA
    Mary A. Barry | Assistant Regional Director | Division of Risk Management Supervision | Federal Deposit Insurance Corporation| Braintree, MA
    Michael Moriarty | Assistant Deputy Director | Office of the Comptroller of the Currency| Boston, MA
    NCUA (invited)

    11:45 a.m. Lunch Sponsored by Massachusetts Financial Services Insurance Agency

    12:45 p.m. Cybersecurity and Critical Vendor Management Issues for Community Financial Institutions
    Rick Simonds | COO| Sage Data Security | Portland, ME

    This presentation will focus on current issues in cybersecurity and review strategies to minimize risk. It will also discuss vendor management issues.

    1:35 p.m. Interest Rate Derivatives: Strategies, Trends, and Recent Developments
    Jeffrey C. Mazur | Managing Director | PNC Capital Markets | Pittsburgh, PA

    This presentation will review common derivative strategies that community banks utilize to manage interest rate risk, price/structure loans more competitively, generate their fee income and reduce term funding rates. It will also review trends and recent developments in the derivative market which have created more opportunities for banks of all sizes to use derivatives.

    2:25 p.m. Accounting Update on CECL and More David Marsh | Senior Manager | RSM |Boston
    Faye Miller | CPA, Member of the Firm | RSM |Boston

    This session will inform you of:

    Recent CECL developments;
    Remind you of the significant changes coming in to effect beginning in 2018 related to the new financial instrument standard on classification and measurement;
    Inform you of how the new standard on hedge accounting is expected to simplify hedging of interest rate risk;
    Discuss the ramifications of the new revenue recognition guidance on financial institutions;
    And address certain other recent accounting developments impacting financial institutions.
    It will also include a tax update.

    3:45 p.m. Complete Evaluations and Adjourn


Event Sponsor



Marriot Courtyard - 75 Felton Street, Marlborough, Massachusetts

Credit Hours

Earn up to 6 hours of CPE credit.

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Group - Live


FMS Boston Chapter is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors.  State boards of accountancy have final authority on the acceptance of individual courses for CPE credit.  Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, through its website


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For information regaarding refunds, complaints, and program cancellation policies, please contact Jay Stephens at 978-441-6464 or under administrative policies for details on refunds, complaints and cancellation policies.  

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