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Financial Institutions

"VonLehman not only provides accurate and responsive accounting and tax information on a wide range of topics; they've also become an integral part of our company. The continue to bring value in many areas of our business with a high level of professionalism. They truly make you feel like family and put your needs first."

Ryan McCurley, President

Peoples First Savings Bank

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Financial Institutions Service Group

At VonLehman, our Financial Institutions Service Team offers your internal management team specific, cost-efficient, strategic solutions that will assist your organization in remaining competitive, improving profitability and realizing its full growth potential.  As CFSA certified specialists in the internal audit needs of privately-held financial institutions, the VonLehman team has the knowledge and expertise required to assist you in reaching your institutions’ goals, no matter how ambitious or complex.

With over 70 years of experience in helping financial institutions throughout Kentucky, Ohio, and Indiana succeed through various economic conditions, VonLehman remains committed to the regional business community.  Your VonLehman Financial Institutional Service Team will assist your institution with:

Projections and Forecasts

Assessing the existing situation, then developing and implementing a goal-driven business strategy is critical to the success of any organization, including Financial Institutions. Forward-looking prospective financial data is key to ensuring that your business strategies can be quantified with a customized plan and target to measure and reach successful results.
VonLehman’s Financial Institution Service Team compiles prospective financial data for clients who are seeking to raise capital, acquire other entities or prepare tax credit applications.

Financial Institution Attestation and Audit

Audit and Accounting teams may seem similar from firm to firm; the VonLehman Financial Institution Service Group difference is the value we provide to your institution through our relationship.   Our team has extensive experience with and dedication to private Financial Institutions, their operations, processes and challenges.  We use our extensive expertise, and the assets of other areas of the VonLehman firm to deliver solutions that go beyond today – solutions that look ahead and produce results that suit your goals now and in the future. 


  • Use a risk-based audit approach
  • Utilize considerable technology creating an effective and efficient service
  • Experienced staff dedicated to the financial institution industry
  • Individuals with specialty professional certifications on staff, including Certified Financial Services Auditor (CFSA)

Financial Institution Risk Management

Financial Institutions need to understand their risk exposure and risk tolerance levels clearly and completely.  The VonLehman Financial Service Group Team will work extensively with your internal teams to analyze, assess and communicate thoroughly on all areas of risk and risk tolerance.  This knowledge allows your institution to manage exposure throughout operational processes, and establish a confidence that informed, productive decisions are being made at all levels.  Minimizing risk and risk exposure are critical to the growth and success of your institution.  Your VonLehman team will take a unique approach to your operation and provide service in the areas of: 

  • Risk Assessments
  • Internal Audit
  • Regulatory Compliance
  • Loan Review
  • Asset Liability Management
  • Information Technology Examinations

Loan Review

Knowing the credit risk contained in your Financial Institution’s loan portfolio is key to achieving any Financial Institution’s full growth potential.  Your VonLehman Financial Institution Service Group will help you to understand the implications of risk ratings and the critical nature of a management strategy that identifies and evaluates the overall credit risk contained in your loan portfolio.  A comprehensive evaluation is within your reach.  Our team of experienced advisors will review and determine that your policies and procedures are being upheld.  


  • Define your Institution’s scope of need and assess portfolio credit risk based on that scope
  • Accommodate customized lending philosophies and other needs
  • Focus on cash flow, collateral valuation, insurance coverage, file documentation, and compliance with your existing policies
  • Verify that proper classification has occurred with all assessed loans, based on your existing risk ranking system
  • Review all existing financials and written narratives to assess the customer's business and lending rationale

Your VonLehman team will provide your management team with information on loan quality and the effectiveness of existing lending policies and procedures.  Based on the outcome, your VonLehman advisors can assist your organization with revising its best practices and risk management strategies for:

  • Loan & Risk Rating Policies
  • Credit Underwriting
  • Loan Structuring/Re-structuring
  • Loan Department Structure
  • Internal Loan Review Programs

Regulatory Compliance and BSA Review

The VonLehman Financial Service Group’s Risk Management advisors provide regulatory compliance services to regional, private Financial Institutions.  Our approach is focused on risk management and best-practice solutions, helping our clients to: 

Identify, evaluate, and test risks associated with:

  • Truth in lending
  • Fair lending
  • Real Estate Settlement Procedures Act
  • Community Reinvestment Act
  • Fair credit reporting/FACT Act
  • Home Mortgage Disclosure Act
  • Funds availability
  • Truth in savings
  • Electronic Funds Transfer Act
  • Bank Secrecy Act/USA PATRIOT Act
  • Internet issues/website

Additional Services

  • Provide compliance support for new products, services, or marketing campaigns
  • Provide routine compliance testing and solutions to issues detected
  • Conduct pre- and post-compliance examination reviews
  • Provide assistance with policy and procedure development and training