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2020 Financial Institutions Finance & Accounting Conference

October 9, 2020 and October 22, 2020

Program Description

The Massachusetts Bankers Association and Boston Chapter of the Financial Managers Society are pleased to join together to present this year's conference. Today's financial institution managers must navigate constant change - regulatory, legislative, and accounting - which is the new norm. In this shifting landscape of the financial services industry, financial managers are confronted daily by situations that call on every bit of their expertise. The importance of reliable tools and techniques is critical to bottom-line performance. Learn how to manage all of the essential aspects of the deposit base, utilize data for business intelligence, and learn winning investment strategies. A panel of bank regulators will discuss risk management and examination findings. This conference will help you stay current on regulatory issues, provide accounting and tax updates and help you manage your balance sheet in a rising interest rate environment.


    8:50 a.m. Log in to Zoom Waiting Room
    8:55 a.m. Welcome and Opening Remarks
    Tanya M. Duncan, Senior Vice President, Corporate Policy, Massachusetts Bankers Association
    9:00 a.m. Operating in COVID-19 Environment
    Elizabeth K. Madlem, Vice President of Operations and Deputy General Counsel, Compliance Alliance
    The Paycheck Protection Program: Puzzling, Profitable, Problematic
    The Paycheck Protection Program has been the most popular aspect of the CARES Act—but with the continually
    changing rules, the frustration and confusion with implementation before development, and the outstanding
    questions still left unanswered as the program enters its final phases, it is no wonder financial institutions are
    concerned about their participation in such a monumental program. This webinar will recap the history of the
    PPP and its implementation, the top concerns and still unanswered questions, and what financial institutions’ next
    steps are in preparing for auditing, regulatory examinations, and customer responses.
    9:50 a.m. Break
    10:05 a.m. Community Bank M&A During and After COVID-19
    Scott A. Brown, partner, and Jeff M. Cardone, partner, Luse Gorman, PC, Washington, DC
    The COVID-19 pandemic has caused great uncertainty to the operational and financial performance of community
    banks, which has resulted in significantly reduced deal activity in 2020. While the near-term focus for community
    banks has been stabilizing their existing lines of business, banks considering the role of M&A and other strategic
    growth opportunities, both during and after COVID-19, will need to recalibrate their strategy to ensure deal success better. This presentation examines the lessons learned from recent M&A transactions completed during the
    COVID-19 era, such as pricing considerations and structures, additional due diligence and merger agreement provisions, and regulatory considerations. Also, it discusses emerging trends and concerns, including proactive capital
    planning to execute on growth opportunities and other more measured growth strategies, such as fee-generating
    business acquisitions, to diversify earning streams and enhance valuations.
    10:55 a.m. Mini Break Sponsored by Passageways
    11:00 a.m. Balance Sheet Challenges and Opportunities
    Jim Reber, President/CEO, ICBA Securities
    This year has caused community bankers to deal with a range of issues that they had not anticipated. In many
    cases, the investment portfolio has been on autopilot while bankers have dealt with loan demand and funding
    matters, not to mention record low interest rates. This webinar will discuss the current state of investing and will
    highlight sectors that appear to be both overvalued and undervalued. We will also discuss some strategies for
    efficient funding.
    What you’ll learn:
    • Which investment sectors have been most affected by the Fed’s monetary policies
    • How to identify investments that are best candidates to sell
    • The interest rate risk exposures of community banks in today’s environment
    • Strategies to protect against prepayment risk
    • Explanation and comparison of different wholesale funding options
    11:50 a.m. Evaluation Poll and CPE Credit Instructions
    Noon Closing Remarks and Adjourn
    Day 2: Thursday, October 22, 2020
    Program Agenda
    8:50 a.m. Log in to Zoom Waiting Room
    8:55 a.m. Welcome and Opening Remarks
    Tanya M. Duncan, Senior Vice President, Corporate Policy, Massachusetts Bankers Association
    9:05 a.m. Merger Issues to Consider Post-M&A Lessons Learned in the Rear View Mirror
    Jason Hicks, Executive Vice President, Chief Financial Officer, Chief Risk Officer, New Hampshire Mutual Bancorp
    Angela M. Strozewski, Executive Vice President & Senior Operations Officer, New Hampshire Mutual Bancorp
    Moderator: Rob Smalley, Principal, BerryDunn
    Mergers and acquisitions present several challenges that extend far beyond announcement day. Mutual-to-mutual
    bank mergers present their own unique set of challenges. Our speakers were in the trenches, survived, and came
    out the other side stronger than before. Then they did it again. They are ready to share their lessons learned from
    their experience navigating both mergers.
    This session will primarily focus on lessons learned in the broad areas of finance and operations, but will also cover
    merger considerations for other areas of the bank.
    9:50 a.m. Break
    10:05 a.m. Economic Outlook
    Matt Miller, Executive Managing Director, FinPro, Gladstone, NJ
    10:55 a.m. Mini Break Sponsored by Passageways
    11:00 a.m. Credit Stress Testing During a Pandemic – How Bad is Our Exposure This Time Around
    Justin B. Bakst, Managing Director, The Darling Consulting Group, Newburyport, MA
    Every sector of the United States economy is feeling the impact of the novel coronavirus. From corporate America
    to the service industry, the wealthy, middle class, and lower income - the everyday life of everyday Americans has
    been disrupted, leading bankers to justifiably question the future health of their loan portfolios. Can they withstand
    a potentially prolonged period of financial stress?
    While there are no credit vaccines to prevent a recession/credit downturn cycle, there are ways that risk managers
    can measure the vulnerability of their institution and check the temperature of their capital. Stress testing, especially
    credit stress testing, has been used by financial institutions to determine the financial health of their books.
    In this webinar, we will discuss the relationship between credit losses and macro-economic variables over the past
    several decades (which includes several credit events like the Great Recession) – and how this relationship should be
    applied to the current pandemic that our economy faces. We will discuss the impact to capital levels, in various stress
    scenarios (from the Fed’s Adverse to DCG’s pandemic scenario) and implementing loss curves into the capital plan.
    Highlights of the webinar include:
    • Quantifying downside credit risk in varying economic stresses
    • Forecasting among uncertainty – Analyzing credit risk in a “pandemic” based economy
    • Strategic considerations through a stress testing project
    11:50 a.m. Evaluation Poll and CPE Credit Instructions
    Noon Closing Remarks and Adjourn




Credit Hours

Earn up to 6 hours of CPE credit.

  • Level:



  • Prerequisites:

  • Advance Preparation:

  • Instructional Method:

  • Length:

600 Minutes


Group - Online


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


  • Member:

  • Non-Member:



For information regaarding refunds, complaints, and program cancellation policies, please contact Jason Kulak at under administrative policies for details on refunds, complaints and cancellation policies.  

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