Current Topics in Bank Valuation - Reflections on Industry Trends and Emerging Financial Reporting Issues

August 12, 2008 Teleconference Program
Presented by Business Valuation Resources, LLC - Earn Two Interactive CPE Credits
10:00am - 11:40am Pacific Time | 11:00am - 12:40am Mountain Time | 12:00am - 1:40am Central Time | 1:00pm - 2:40am Eastern Time

Featuring Andrew Gibbs, CFA, CPA/ABV of Mercer Capital and Bill Wilhelm of Crowe Chizek

Register for Teleconference: $249.00

Register for Teleconference and On Demand Conference Pack: $339.00
Be green and save money! The new BVR On Demand Conference Pack is a CD set that now includes the audio recording and the PDF transcript, conference presentation, and all?ancillary reading materials for which BVR holds the copyright.

FREE DOWNLOAD "Bank Valuation: A Focus on Earnings Quality"
Read Andrew's article on Bank Valuation: A Focus on Earnings Quality published in the March 13, 2008, Mercer Capital's Bank Watch.

This program is presented by Business Valuation Resources, LLC (BVR). Earn TWO Interactive CPE credits for participating in this conference. Only $249.00 for a single dial-in connection. Use your conference room, and the whole office can listen in for the price of one. Additional listeners can purchase CPE credits when sharing the same phone connection for only $49.00 per person. For more information about our teleconference programs and specific program registration requirements, click here.

Program Prequisites: Knowledge of Business Valuation
Advance Preparation Required: None
Program Level: Intermediate
Delivery Method: Group-Live
Recommended CPE Credit: 2 CPE Credits

Why Should You Attend?

For those who value banks (or want to learn more about bank valuation), this session is for you. This information-packed session will provide an opportunity to learn more about bank valuation and the current state of the banking industry (both the challenges and opportunities) than you could in any other 100 minute session. Panelists and industry experts Andy Gibbs of Mercer Capital and Bill Wilhelm of Crowe Chizek will begin with a discussion of current industry conditions, trends in the public markets for bank stocks, and recent M&A activity. These changes in the industry and market during the last twelve months affect the valuation of financial institutions. The presentation will discuss what appraisers need to know to value banks in the current environment. Then they will touch upon fair value measurement issues raised by the current environment and what they mean for banks, such as goodwill impairment, and what bank auditors look for when auditing fair values measurements.

Click here to view and subscribe to Mercer Capital's Bank Watch Newsletter

Learning Objectives:

  • Understand the challenges and opportunities currently facing the banking industry
  • Understand how to value banks in the current market, including those with elevated risk profiles
  • Understand fair value measurement issues and how they affect banks

Program Outline

  • Current Conditions in the Banking Industry:
    • Industry Conditions
    • Asset Quality
    • Capital
    • Liquidity
    • Regulatory Issues
    • Public Market Conditions
    • M&A Market Conditions
  • Valuation Issues
    • Valuing profitable banks with a stable risk profile
    • Valuing profitable banks with complicating factors
    • Valuing high risk, unprofitable banks
  • Fair Value Issues
    • What does "fair value" mean in the current environment?
    • Current issues in SFAS 141
    • Goodwill Impairment
    • Valuation of financial asset and liabilities
    • What do auditors look for in fair value measurements undertaken in the current environment?
  • Ask the Expert Q & A

Panel Includes:

Andrew K. Gibbs, CFA, CPA/ABV

Andrew K. Gibbs joined Mercer Capital in 1999 and currently serves as a senior vice president and the leader of Mercer Capital’s Financial Institutions Team. Mercer Capital is a premier business valuation and investment banking firm serving a national and international clientele. 

Mercer Capital provides business valuation services for a wide variety of needs, including but not limited to corporate valuation services, tax compliance, litigation support, financial statement reporting compliance, and employee stock ownership plans.  Clients range from public to private, from smaller companies to large multi-nationals in a broad range of industries as well as numerous governmental agencies. 

In addition, Mercer Capital provides investment banking and corporate advisory services including sell-side and buy-side merger & acquisition representation, fairness opinions, solvency opinions, business interest and securities valuation, and board presentations, among others.

Mr. Gibbs provides valuation and corporate advisory services to financial institutions for purposes including mergers and acquisitions, employee stock ownership plans, profit sharing plans, estate and gift tax planning and compliance matters, corporate planning and reorganizations.

Mr. Gibbs has experience working with financial institutions in merger and acquisition advisory engagements.   He has assisted buyers in evaluating the attractiveness of acquisition candidates, determining a price for the target institution, structuring the transaction, and evaluating different forms of financing.  For sell-side clients, Mr. Gibbs has analyzed the potential value that the institution may receive upon a sale, assisted in locating potential buyers, and participated in negotiating a final transaction price and merger agreement. 

Mr. Gibbs has also participated in projects in a litigated context, including tax disputes, dissenting shareholder actions, and employee stock ownership plan related matters.

In addition, he actively participates in projects involving compliance with SFAS 141 and 142, which entail, for example, the identification and valuation of intangible assets under SFAS 141 and impairment testing under SFAS 142. 

William J. “Bill” Wilhelm, CPA/ABV

Bill has spent his entire 38 years with Crowe Chizek serving its financial institutions and business valuation clientele in an audit, tax, valuation and financial advisory capacity.  He has helped institutions structure management or investor group buyouts, purchase or merge with other institutions and has assisted in the sale of institutions.  He has helped de novo institutions assemble business plans, prepare financial and capital needs projections and obtain regulatory approvals.  

Bill is a 1970 graduate of Indiana University, Bloomington with a B.S. degree in Accounting.  He is a member of the American Institute of Certified Public Accountants and the Indiana CPA Society.  Bill was one of the first group of CPA’s to pass the examination and be awarded the ABV (“Accredited in Business Valuation”) designation in 1998.  He is a frequent speaker on the subjects of mergers and acquisitions and business valuations. 

A representative list of Bill’s speaking engagements and publications are as follows:


  • Financial managers Society, Inc. sponsored events on October 28, 2005 in Las Vegas March 30, 2006 in Philadelphia and February 21, 2007 in Orlando, Growth By Acquisition, Accounting for Acquisitions under FAS 141 and 142
  • Financial Managers Society, Inc. sponsored event on May 23, 2005 - Impact of Accounting Changes for Stock Based Compensation (FASB Statement No. 123R)
  • FFIEC (Federal Financial Institutions Examination Council) Interagency Accounting Seminar March 12, 2003, Washington, DC- Financial Institution Tax Issues and Valuation Issues Under FAS 141 and 142
  • Indiana Agribusiness Top Management Conference, August, 9, 2000- Valuation of Agribusiness Companies
  • Goldman, Sachs & Co., Houlihan Lokey Howard and Zukin, McDermott, Will & Emery, 1997 Executive Briefing on New Developments  in Business Succession Planning and ESOPs, Indianapolis, Indiana, July 10, 1997- ESOP Accounting Overview
  • Vedder, Price, Kaufman & Kammholz, Banking Issues Update, June 23, 1995, Merrillville, Indiana- Accounting for Bank Mergers and Acquisitions
  • McDonald and Company Securities - FIRREA Act Seminar - September 19, 1989, Indianapolis, Indiana - Differing Accounting Practices of Thrifts and Banks
  • Illinois Bankers Association - Bank Management Conference - November 17, 1988, Springfield, Illinois - Current Perspectives on Mergers and Acquisitions


  • “Eyes on the Road: Dos and Don’ts for a Successful M&A Strategy,” (Co-authored with Rick Childs), Bank Director, 2003 Special Supplement, Bank Mergers & Acquisitions: The Road Ahead.
  • Corporate Finance Issues, Crowe Chizek  Newsletter, Summer 1997, Exploring an ESOP for Your Bank, Learn How to Play the Percentages.
  • Vedder, Price, Kaufman & Kammholz, Financial Services Report, Fall 1995, “M&A Accounting- Don’t be Tripped Up by Share Repurchases
  • Hoosier Banker, June, 1984 - Merger and Acquisition Planning; Non-tax Issues, Too  (Article dealt with capital planning for acquisitions).
  • The Oklahoma Banker, September, 1980 - The One Bank Holding Company May Be Your Best Solution.

CPE Credit Information

Earn 2 Interactive CPE Credits (Consulting Services)
Business Valuation Resources, LLC 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, 150 Fourth Avenue North, Suite 700, Nashville, TN 37219-2417. NASBA Sponsor

Please note: To receive CPE credit, you must fill out the post conference survey. The survey link is emailed to participants along with the dial in instructions, normally sent two or more days prior to the conference. CPE credit only registrants will be sent the survey link via email as well. To ensure appropriate and timely delivery of this information, please make sure your email address for each registrant (main and CPE only) is up to date when placing your order. Also, if you transfer your registration last minute to another attendee, please plan to forward the dial in instructions to them unless you have notified BVR of the change prior to the conference.

BVR's Satisfaction Guarantee:
Business Valuation Resources offers a complaint resolution and refund policy with a 100% money-back guarantee. If you are not completely satisfied with your conference experience, or have any concerns or complaints, you may contact Business Valuation Resources at (503) 291-7963 ext. 102 for a satisfactory resolution of your concern or you may submit a written request for a full refund of this program to Stephanie Crader at: or mail to BVR, LLC, 1000 SW Broadway, Suite 1200, Portland, OR 97205.