Wednesday, July 30, 2014

TIB Acquires Bequeaith Banking Solutions

February 3, 2014

Dallas, TX…TIB-The Independent BankersBank (TIB) announced today the acquisition of Bequeaith Banking Solutions, a nationally respected consulting firm, based in Overland Park, Kansas.  The acquisition extends TIB’s geographic reach, while also adding to its already industry-leading suite of correspondent banking products and services.

“TIB already had one of the most respected loan review teams in the industry in TIB Service Company (TIBSCO),” noted TIB president and CEO, Michael O’Rourke. “The combined expertise of both the TIBSCO and Bequeaith teams will provide community bankers with an unmatched resource for Loan Review, Regulatory Compliance, Credit Management, Compliance Training and more.  Best of all, every solution offered will have been designed specifically for the unique challenges and opportunities faced by community bankers.”

Formed in 2005, Bequeaith Banking Solutions (Bequeaith) has become one of the nation’s most respected providers of regulatory compliance and credit management consulting. The firm currently serves more than 60 financial institutions throughout Missouri, Kansas, Illinois, Minnesota, Iowa, Colorado, Nebraska, South Dakota, Idaho, North Dakota, Arizona, New Mexico, New Jersey and Texas.  In addition, Bequeaith has played an ongoing speaking and training support role for national trade associations, such as the Independent Community Bankers of America (ICBA) and the Bank Administration Institute (BAI). Bequeaith has offices in Kansas, Minnesota, Colorado and Arizona.

“TIB enjoys an unparalleled reputation throughout the community banking industry,” added David Bequeaith, Principal and Owner of Bequeaith Banking Solutions.  “Our staff is extremely excited about the opportunity to work with our friends at TIB to bring community bankers a full array of credit and compliance solutions – especially in the midst of the current regulatory environment.  Like TIB, we believe firmly in the mission of community banking and are passionate about the success of the bankers and institutions we serve.”

As noted, Bequeaith Banking Solutions will be merged with TIBSCO, the Loan Review arm of TIB.  Established in 1990, TIBSCO likewise serves approximately 60 community banks and has been conducting full and limited-scope loan review services for all sized institutions for more than two decades. Mr. Bequeaith will serve as President and Managing Director of the combined entity.  Tom Atkinson, currently the General Manager of TIBSCO, will serve as Director of Credit Services and Lindsey LaNore, currently the Principal Consultant for Bequeaith, will serve as Director of Compliance and Training Services.

“This is a fantastic opportunity for both organizations to combine our efforts in serving the needs of our client banks,” echoed Atkinson.  “David and his group are known throughout our industry as leaders in the compliance field.  We couldn’t ask for a better team with which to partner.”

TIB is the nation’s largest and most trusted bankers’ bank, delivering industry-leading correspondent banking products and services to nearly 1,800 community banks from coast-to-coast.  From traditional correspondent lending services to the latest in operational and credit card solutions to full-service capital markets consultation and sales, TIB has everything that a community bank needs to compete in today’s changing marketplace.  TIB is owned by almost 500 of the very customer banks it serves and can be found on the internet at www.mybankersbank.com. 

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