(PRWEB) June 09, 2011
Primatics Financial hosted a Regional Financial Sector Forum event at the Renaissance Blackstone Hotel in downtown Chicago, IL on Could 17, 2011. Bank executives attended to talk about the major challenges and obstacles pertaining to the valuation, loan accounting and tax components related with bank M&A activity. It is critical to our consumers to comprehend how the industry is addressing concerns about M&A accounting. Element of our mission as a premier software provider in this space is to not only provide the software essential to deal with these troubles, but to also facilitate networking across our client base and broader to assist establish a frequent practice that tends to make sense for every person., says Jeff Sant, EVP of Sales & Marketing and advertising at Primatics Monetary. Jonathan Rogers, Divisional CFO at Trustmark National Bank could not agree a lot more, commenting that “the Forum additional reinforced our decision that we had found a business companion in Primatics that has resolved so many of the complications of accounting for acquired loans, and has formed a broad network of relationships with recognized bank acquirers”. As long as monetary institutions continue to face strategic and operational challenges brought on by ever changing regulations and complicated compliance specifications, Primatics Monetary will play an active function in identifying, analyzing and addressing these business challenges via enterprise-grade computer software. Bank executives are now realizing that computer software is a viable and much more effective option to hiring services-primarily based organizations that concentrate on supplying men and women and tools.

About the Industry Forum
The Economic Business Forums, hosted by Primatics Financial, are regional possibilities for monetary institutions in the surrounding region to network and talk about the market’s newest challenges and possibilities in a collaborative, open environment. The most recent Midwest Regional Forum in Chicago attracted more than fifteen economic organizations and had a targeted theme about accounting for mergers and acquisitions, covering each FDIC and non-FDIC acquisitions and the main problems with compliance. Particular discussion points included FAS 141R / SOP 03-three accounting, valuation / money flows, tax and regulatory and management reporting strategies. Presenters and panel specialists integrated representatives from Sandler ONeill & Partners, First Financial Bancorp (FFBC), IBERIABANK Corporation and Crowe Horwath LLP. Sessions and discussion subjects covered the following: