Welcome to FMS Boston

The Boston Chapter of the Financial Managers Society (FMS) welcomes you.

Our goal is to enhance the professional development of financial personnel within financial institutions. 

Please take a moment to see what the Chapter has in store for the 2018-2019 year.  If you are not already a member, please consider joining the Chapter to take advantage of the many benefits and opportunities that membership provides.  If you are already a member, renew your membership now! 

Become a member or renew now!

Join us

Waltham Embassy Suites Hotel

Upcoming events

    • September 23, 2018
    • 4:00 PM
    • September 25, 2018
    • 8:00 PM
    • The Hershey Hotel

    Sept 23 -25, 2018!    

    The FMS East Coast Regional Conference is coming to Hershey, PA!!

    Join us at the Hershey Hotel to exchange ideas with a host of experts on current legislative, regulatory, tax, accounting and profitability issues.   

    Click HERE for more information - hope to see everyone there!

    All registration information and contact info regarding refunds, complaints, and program cancellation policies:  Thomas Mennie at 302-250-4278 or www.fmsphila.com    

    FMS Boston Chapter 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, through its website www.learningmarket.org.

    • October 23, 2018
    • 8:30 AM - 4:00 PM
    • Marriot Courtyard - 75 Felton Street, Marlborough, Massachusetts

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    The Massachusetts Bankers Association and Boston Chapter of the Financial Managers Society are pleased to join together to present this year’s conference. Today’s financial institution managers must navigate constant change — regulatory, legislative and accounting —which is the new norm. In this shifting landscape of the financial services industry, financial managers are confronted daily by situations that call on every bit of their expertise. The importance of reliable tools and techniques is critical to bottom-line performance.  Learn how to manage the essential aspects of the deposit base, utilize data for business intelligence, and learn winning investment strategies. A panel of bank regulators will discuss risk management and examination findings. This conference will help you stay current on regulatory issues, provide accounting and tax updates, and help you manage your balance sheet in a rising interest rates environment.  


    The purpose of this conference is to share new perspectives, tools, and techniques to help finance officers better run their banks.  They will leave better equipped to: 

    • Understand what issues are causing regulators concern

    • Understand non-maturity deposit behaviors and identifying “hot money” or “deposits at risk.”

    • Incorporate trends in the banking industry and the impact of future interest rates 

    • Utilize tips for the best ways to manage interest rate risk 

    • Create a high performing investment portfolio by taking advantage of a few specific techniques

    • Integrate changes in accounting and tax laws and regulations  


    • Chief Executive Officers
    • Chief Financial Officers
    • Chief Operating Officers
    • Presidents and Other Senior Managers
    • Controllers, Treasurers, Cashiers, Finance, Audit, Accounting Managers, and Financial Analysts
    • ALCO teams

    CPE Credit Information:

    • Earn up to 6 hours of CPE credits

    Program Agenda

    8:30 am – Registration & Continental Breakfast Sponsored by RSM 

    8:45 am – Welcome and Opening Remarks

    Tanya Duncan | Senior Vice President, Corporate Policy | Massachusetts Bankers Association | Boston, MA

    9:05 am – The Finance of Banking in Today’s World

    Rich Berg | CEO and Co-founder | Performance Trust Capital Partners, LLC | Chicago, IL 

    After providing an overview of the current problems plaguing community banks and the existing solutions, Performance Trust CEO Rich Berg will outline critical components to deliver strong economic results coupled with good regulatory standing in this flat, low interest-rate environment. Past “business as usual” decisions made across the balance sheet will not work in this new era of banking. Rich will expand upon concepts in which to measure risk vs. reward when specifically evaluating loans, deposits, and investments. Attendees will see a strategic decision-making framework that can assist in generating high quality, sustainable earnings, which he has coined as the Finance of Banking.  

    10:05 am –  Coffee Break Sponsored by BerryDunn

    10:20 am – How Banks Are Using Data and Analytics in Practical Ways for Greater Impact

    Christopher Sifter, PMP | Principal | Crowe LLP | Chicago, IL

    Advances in predictive and prescriptive capabilities of machine learning (ML) and artificial intelligence (AI) technologies are quickly transforming how banks can increase efficiency, profitability, and competitive advantage through the better use of data. In addition, regulations that place greater scrutiny on data quality, lineage, and control are increasing the emphasis that banks must put on their data management and governance capabilities. This session will discuss how banks are leveraging traditional business intelligence and state-of-the-art advances in analytics and machine learning/AI, along with strategies banks can use to get their “data house in order” to better prepare for getting the most out of their data.

    11:30 am – Funding Costs Are On the Rise — Don’t React, take Charge: A Proactive Approach to Managing Your Deposit Base Through Information

    Joe Kennerson | Managing Director | Darling Consulting Group| Newburyport, MA

    A perfect storm is brewing…rates are on the rise for the first time in 12 years. Liquidity pressures are mounting. The yield curve has flattened. Moreover, regulators are taking notice – so should you. This is why managing funding costs will be the chief concern for banks in 2018. Banks have a treasure trove of data at their fingertips. It’s time to mine that data to better understand customer behavior patterns and help develop cost-effective deposit strategies.

    This session will demonstrate how to leverage customer-level data intelligence to develop balance sheet strategy ideas. The concepts discussed will help manage rising funding costs by lowering deposit cannibalization, understanding the marginal cost of funds for deposit promotions, developing early warning systems for “at risk” customers and pinpointing pricing actions to retain key accounts.Through real-life case studies, see how to harness the power of your customer information to understand the impact cannibalization can have on new product promotions. We will also discuss strategy ideas to reduce attrition, create effective hurdles for new products and weigh the pros/cons of raising rates vs. releasing a new product.

    12:30 pm – Lunch 
    1:15 pm – Bank Regulatory Panel
    Moderator: David Sidon | Principal | The Navis Group | Gloucester 

    Michael Ravid | Assistant Vice President, Regional and Community Examination Supervision | Federal Reserve Bank of Boston | Boston 

    James Barrett | Deputy Commissioner | and Andrea Cipolla | Chief Director of Credit Union Supervision | Division of Banks | Boston 

    Mary A. Barry | Assistant Regional Director | Division of Risk Management Supervision | Federal Deposit Insurance Corporation | Braintree 

    Emily Gosain | Analyst | Office of the Comptroller of the Currency | Boston (invited)

    2:30 pm – Afternoon Break  Sponsored by Massachusetts Financial Institutions Insurance Agency

    2:45 pm – Accounting and Tax Update

    Denise Toomey, CPA | Member of the Firm, and Mike Rowe, CPA | Principal | Wolf & Company, P.C. | Boston 

    This session will provide an update on recent CECL developments and implementation issues, reminders of recent and upcoming changes to revenue recognition and lease accounting, as well as provide updates on other new accounting developments that may impact financial institutions.  The session will also include a discussion of some of the tax benefits (and challenges) for financial institutions resulting from tax reform.

    4:00 pm – Evaluations and Adjourn

    Special Thanks to our Sponsors!

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    IMPORTANT: Qualifying financial institutions can now apply for an Express Grant to receive a 50% tuition reimbursement for employees attending the program. Please follow the instruction via this link for application details (Course ID # 1117166). The deadline to apply is September 12. We strongly urge you to complete the process asap to ensure that your application is approved in time.


    $250 for members, and $500 for nonmembers. 

    Three ways to register:

    1.      Online

    2.      Credit Card Payments: Complete the registration form and fax to our secure fax line: 617-249-0441.
    PCI Compliance mandates that the form must be faxed, do not email.

    3.      Mail: Send the registration form with a check to:

    Massachusetts Bankers Association-FIFA18
    One Washington Mall, 8th Floor, Boston, MA 02108-2603


    Pat Tabolsky
    Program Registrar
    Direct Dial: 617-502-3814









    Unsubscribe or update your email address.


    Massachusetts Bankers Association | One Washington Mall, 8th Floor | Boston, MA 02108-2603


Past events

September 19, 2018 Balance Sheet Strategies - Waltham
September 12, 2018 FMS Boston Chapter & CBA - Accounting and Tax Update - Windsor, CT
August 28, 2018 FMS Boston Chapter Summer Social @ Night Shift Brewing
June 11, 2018 FMS Boston Chapter Dinner Event @ FMS Forum in Orlando, FL
May 14, 2018 26th Annual FMS Golf Tournament and Dinner
May 04, 2018 FMS Boston Chapter's Annual Community Day - Mill City Grows
April 24, 2018 Past Presidents' Night & Technology Update - Waltham
April 24, 2018 FMS Boston Chapter & CBA - ALCO Update - Windsor, CT
March 28, 2018 Re-Scheduled Meeting: Investment Strategies with SunTrust - Windsor, CT
March 20, 2018 CECL Update with Visible Equity - Waltham
February 27, 2018 Balance Sheet Strategies - Waltham
January 23, 2018 Commercial Real Estate Update - Waltham
December 13, 2017 Interest Rate Derivatives: Trends and Recent Developments with PNC - Windsor, CT
November 28, 2017 Economic Update - Waltham
October 26, 2017 Regulatory & Legal Update with CFM - Windsor, CT
October 18, 2017 2017 Financial Institutions Finance & Accounting Conference
September 26, 2017 Strategic Planning - Waltham
September 17, 2017 2017 FMS East Coast Regional Conference
May 15, 2017 25th Annual Golf Tournament and Dinner
May 05, 2017 FMS Boston Community Day - Mill City Grows
May 05, 2017 FMS Boston Community Day - The Family Pantry
May 02, 2017 ALCO Update with Jim Clarke - Western MA / CT
April 25, 2017 Past Presidents' Night - Investments Update
March 28, 2017 Accounting Update - Waltham
February 28, 2017 ALM Update - Waltham, MA
February 15, 2017 Accounting Update: Practical Approaches to CECL - Windsor, CT
January 31, 2017 Real Estate Update - Waltham, MA
December 01, 2016 Balance Sheet Strategies - Windsor, CT
November 29, 2016 Economic Update - Waltham, MA
October 19, 2016 2016 Financial Institutions Finance & Accounting Conference
October 12, 2016 Investments Update with Performance Trust - WINDSOR, CT
September 18, 2016 The 2016 East Coast Regional Conference
August 22, 2016 The 3nd Annual Deb Jackson Memorial Golf Classic
June 12, 2016 The 2016 Finance & Accounting Forum
May 20, 2016 2nd Annual Community Commitment Day
May 16, 2016 The 24th Annual FMS Golf Tournament and Dinner
May 09, 2016 Financial Managers School
May 03, 2016 ALCO Update with Jim Clarke - WINDSOR, CT
April 26, 2016 Past Presidents' Night - Real Estate Update
March 22, 2016 ALCO Update - WALTHAM, MA
February 23, 2016 Regulatory and Investment Strategies Update
February 10, 2016 Dinner Meeting - WINDSOR, CT
January 26, 2016 Technology/Information Systems Update
December 09, 2015 Balance Sheet Strategies - WINDSOR, CT
November 17, 2015 Core Provider Update
October 21, 2015 Financial Institutions Finance & Accounting Conference
October 13, 2015 Cybersecurity Update - WALTHAM, MA
October 13, 2015 Investments Update - WINDSOR, CT
September 20, 2015 2015 East Coast Regional Conference
September 15, 2015 Accounting and Tax Update

FMS Boston 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. 

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