🚨 Critical Update Alert! 🚨 FinPro, Inc. has joined forces with Bankers Helping Bankers (BHB) and numerous Bank CEOs across the United States to submit a comment letter regarding RIN 3064-AF99, the Notice of Proposed Rulemaking on brokered deposits. The collective group, referred to as the “Commenters,” believes that the proposed rule is misdirected, unnecessary, and focuses on the wrong areas of risk. Please see comment below for more information on the letter.
About us
FinPro, Inc., established in 1987, is a full service management consulting firm specializing in providing advisory services to the financial institutions industry. An industry leader in strategic planning, board retreat moderation, planning, enterprise risk management, leadership and education, corporate governance, market feasibility, de novo bank formation, asset/liability management, and regulatory consulting. FinPro also conducts M&A through its wholly owned subsidiary, FCA, as a FINRA registered broker/dealer. FinPro’s competitive advantage is that we are regarded as thought leaders in the industry who are on the forefront of banking. As an example, FinPro teaches Strategic Planning, Mergers & Acquisitions, ALM and Enterprise Risk Management at top Banking Schools: Stonier Graduate School of Banking, Graduate School of Banking at Colorado, and Graduate School of Bank Investments and Financial Management at the University of South Carolina. This experience comes from working with over 400 institutions, moderating over 100 board retreats a year, serving over 70 institutions on an ongoing basis, and being in close contact with heads of regulatory, association, media, and educational spheres of influence. An innovative relationship oriented firm, our constant focus on providing institution specific advice is one reason why we continually exceed customers’ expectations. Every service we offer underscores our dedication to FinPro’s core principal of “Building Value Together”.
- Website
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http://www.finpro.us
External link for FinPro, Inc.
- Industry
- Financial Services
- Company size
- 11-50 employees
- Headquarters
- Somerville, NJ
- Type
- Privately Held
- Founded
- 1987
- Specialties
- Strategic Planning, Interest Rate Risk Analysis, ALM Consulting, Enterprise Risk Management, Regulatory Consulting, Corporate Governance Consulting, De Novo Bank Formation, and Market Feasibility
Locations
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Primary
Get directions
46 East Main Street
Suite 303
Somerville, NJ 08876, US
Employees at FinPro, Inc.
Updates
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FinPro, Inc. reposted this
Sometimes in life you come across kindred spirits. People who think and operate exactly like you do. Donald Musso and I were lucky enough to meet some kindred spirits recently who take the idea of championing an industry and live it every day. After one trip down to Texas to visit them and a night out drinking and theorizing, we realized that they also live in the future and spend every day working to get the industry ready for it. We have some very big collaborations planned for next year and I couldn't be more excited. Keep an eye out over the coming months. Huge shout out to Tanner Mayo and Dave Mayo and the kickass team at Bankers Helping Bankers and FinTech Cowboys 🤠, can't wait to change the game with y'all.
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Are you looking for better ways to identify and serve your customers? In this insightful clip from our recent Customer Segmentation webinar, Senior Managing Director Robert Fehn, Chief of Staff Sean Dillon, and our CEO and President Donald Musso delve into the essence of customer segmentation and its critical importance. Click the link in the comment below to discover how understanding and leveraging customer segmentation can transform your business strategy. 💬 Join the conversation! How are you currently using customer segmentation, and what benefits have you seen? #WebinarWisdom #CustomerSegmentation
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Are you familiar with the new proposed rule on Brokered Deposits? Join us for this week's #MussoMinute with our President and CEO Donald Musso as he discusses brokered deposits and what the issues actually are. The "issues" being discussed are really just symptoms and don't address the real problem which is asset risk. What are your thoughts about Brokered Deposits versus overall Asset Risk?
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We extend our sincere thanks to everyone who read and signed the brokered deposits comment letter circulated last week. Your support is invaluable. For those who haven’t yet, we encourage all bank executives to review and sign the letter via the link in the comment below. This is your opportunity to make your voices heard!
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"It would take negative inflation for us to get prices back down where they need to be!" In this clip from our recent Q4 Economic Webinar and Risk Update, our President and CEO Donald Musso and scott hein discuss what inflation actually means and how that translates into real prices for goods and services. What do you think? Is the Fed actually going to achieve price stability at 2% inflation? #WebinarWisdom
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"Inflation simply measures the price from some point in the future, back one year." Join us for this week's #MussoMinute with our President and CEO Donald Musso as he discusses real prices and inflation. Despite reports that inflation is under control, many average Americans still feel the financial strain in their everyday purchases. Why is this disparity happening? What are your thoughts about #Inflation and #RealPrices?
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Ready to explore the key elements of understanding your customers’ needs and maximizing relationship potential? This isn’t just a learning opportunity—it’s a chance to transform your customer engagement approach and build lasting connections. Gain strategic insights to drive growth, collaboration, and operational efficiency. Let’s create value together in a thriving financial ecosystem! Join us next Wednesday, October 23rd at 11am EST for our Customer Segmentation webinar which will be hosted by our Chief of Staff Sean Dillon and Sr. Managing Director Robert Fehn along with Ron Cohen from Claritas.
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Why are regulators treating Reciprocal Deposits like Wholesale and Brokered Deposits? Join us for this week's #MussoMinute with our President and CEO Donald Musso as he discusses Reciprocal Deposits. This deposit type is meant to be a way of helping depositors with high balances maintain FDIC insurance and are bank to bank agreements. They are being miss classified by regulators and put into the same bucket as wholesale funding, which they are clearly not. What do you think about #ReciprocalDeposits and #WholesaleFunding, does this classification make sense?
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Yesterday, FinPro, Inc. held the Q4 Economic and Risk Update webinar led by Donald Musso, Sean Dillon, and scott hein where they discussed the current state of the economy and where its headed. We ended the webinar by asking attendees to submit their estimated probability of occurrence for three rate scenarios (Normalization, Continued Economic Growth, Economic Reckoning) and the results confirmed what was discussed in the webinar. Normalization: 56% Continued Economic Growth: 31% Economic Reckoning: 13% What are your thoughts on the trajectory of the economy?