September 26, 2007 Teleconference

Valuing Community Banks

Featuring Keith Sellers, CPA, CVA, ABV, and Douglas K. Southard, DBA, CFA
Telephone Dial-In Audio Conference
Wednesday, September 26, 2007
10:00am -11:40pm Pacific Time

Register for conference for $249

Register for conference and CD for $339

Register for conference and Transcript for $339

Register for conference, CD, and Transcript for $429


Presented by Business Valuation Resources, LLC. 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. Two CPE credits are available for each additional listener sharing the same phone connection for only $49.00 per person.

Learning Objectives:

  • Understand how valuing community banks can bring value to your practice
  • Hear from the experts the standards of practice in valuing community banks
  • Become aware of special issues applying to this valuation niche

Program Outline:

  • Brief Introduction to Panelists and Topic

  • Panel presentation on Valuing Community Banks:
    • Community Banking Industry Update
      • Growth and Operation of Banks
      • Unique Industry Risks and Opportunities
      • Relatively Low-Risk Industry
    • Sources of Data
      • Industry Statistics and Outlook
      • Financial Analysis/Comparable Bank Data
      • Which FDIC and FFIEC Reports to Monitor
      • Market Approach Valuation Data
        • Publicly Traded Comparables
        • Completed Transaction Data
    • Analyzing Bank Financial Statements
      • The Balance Sheet
        • Assets
        • Liabilities
        • Capital
        • Capital Adequacy
      • The Income Statement
        • Net Interest Margins
        • Non-Interest Income
        • Non-Interest Expense
        • Net Non-Interest Expense
        • Basic Operating Income
        • Securities Transactions
        • Loan Loss Provision
        • Summary of Key Risk Factors
    • Special Valuation Issues When Valuing Community Banks
    • Tying Together Resources and Data Provided

  • Audience Q & A

  • Concluding Remarks

Panel Includes:

 

Keith Sellers, CPA, CVA, ABV

Dr. Sellers is the La Grange Eminent Scholar of Business Valuation, Professor of Accounting and Director of the Center for Research and Education in Business Valuation at the University of North Alabama.   He is the founder and president of Financial Valuation Services, Inc., a full service business valuation firm with clients in eighteen states. 

Dr. Sellers is a Certified Public Accountant (CPA), Certified Valuation Analyst (CVA), is Accredited in Business Valuation (ABV) by the AICPA and is a member of the AICPA’s Business Valuation and Forensic & Litigation Services Community.  Dr. Sellers, who has twenty years of business valuation experience, has conducted more than 400 business valuations. 

He received his Bachelor of Accounting degree from the University of Tennessee, Master of Taxation from the University of Denver, and received his Doctor of Business Administration degree from the University of Memphis.

 
 

Douglas K. Southard, DBA, CFA

Doug Southard founded Southard Financial in 1987 and has more than 23 years of business valuation and advisory experience.  He holds Doctor of Business Administration and Master of Business Administration degrees from Indiana University and is a Chartered Financial Analyst.  Mr. Southard has also held teaching positions as assistant professor in finance at Virginia Tech in Blacksburg, Virginia and Rhodes College in Memphis, Tennessee.

His professional background includes: Founder and Principal, Southard Financial, Memphis TN Partner, Mercer Capital Management, Inc., Memphis TN (1984-87), Consulting Associate, Mercer Capital Management, Inc., Memphis TN (1983-84), and Principal, Douglas K. Southard, Financial Consultant, Memphis TN (1982-83) His educational and professional credentials include: Doctor of Business Administration, 1981, Indiana University Master of Business Administration, 1976, Indiana University, Bachelor of Arts, 1975, Rhodes College (formerly Southwestern at Memphis), Chartered Financial Analyst, 1987, Institute of Chartered Financial Analysts (now CFA Institute).

Mr. Southard is a frequent Speaker on business valuation topics, expert witness in local, state and federal courts, on the Board of Directors of Plymkraft, Inc., Newport News, VA, and on the Board of Directors of the Columbian Rope Company, Auburn NY. He is a Former Officer of West Tennessee Chapter, American Society of Appraisers.

His publications include: "Using the Capital Asset Pricing Model to Determine Capitalization Rates: Adjusting for Differences in Financial Structure, " with Severin C. Carlson, Business Valuation Review, June 1991,"Business Valuation Can Serve in Lifetime Planning, " with Z.C. Mercer, Memphis Business Journal, April 1-5, 1985,"Valuation Process Holds Keys to Executive Wealth," with Z.C. Mercer, Memphis Business Journal, March 25-29, 1985, and "What IRA's Are Worth," with Z.C. Mercer, The Southern Banker, June 1984.

 



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. www.nasba.org NASBA Sponsor

Please note: To receive CPE credit, you must fill out the post conference survey. The survey link is e-mailed to participants along with the dial-in number and registration code, normally sent two or more days prior to the conference. CPE credit only registrants will be sent the survey link via e-mail.

Satisfaction Guaranteed:
For more information on this telephone conference or our past telephone conferences, please email customerservice@bvresources.com Business Valuation Resources offers a 100% money-back guarantee. If you are not completely satisfied, you may submit a written request within 30 days of the date of this program to receive a full refund. Please e-mail our accounting manager at: cassandrad@bvresources.com . There are no fees associated with refunds.