NEW HAVEN, Conn. Sep. 12, 2011– Continuity Control™, the provider of an award-winning compliance management platform for community banks and credit unions throughout the U.S., announced today that it has acquired Compliance Services Group (CSG) and Kirschler Peterson & Associates (KPA) and enlisted their respective teams to support the growing number of financial institution clients nationwide using the Bankers Assistant and CreditUnion Assistant compliance solution.
Andy Greenawalt, founder and CEO of Continuity Control, said, “With the addition of KPA and CSG we continue our strategy of integrating world class expertise and insight into our award-winning compliance technology platform. Beginning with the addition of My Compliance Info, LLC in June, this allows us to expand our national footprint and reach New England, the Southeast, the Midwest, Mountain West and California. Our commitment is to provide leading technology innovation and expert people to support our clients' compliance needs. The addition of KPA and CSG furthers this objective, as we bring clients a staff that includes former examiners, noted authors and trainers. Continuity has been referred to as a breakthrough in compliance, which we view as a great compliment, as well as a great responsibility.”
CSG, based in Des Moines, Iowa is a full-service compliance resource for banks. Jennifer McCollough, its founder and a Certified Regulatory Compliance Manager (CRCM), was tapped as a senior compliance strategist for Continuity. At CSG, she pioneered a holistic compliance offering for clients in Minnesota and Iowa. McCollough is a nationally-recognized compliance trainer with prior service to the ABA’s National Graduate School of Compliance. Previously a senior consultant for Barefoot, Marrinan & Associates, McCollough authored Truth in Savings: A Planning and Implementation Manual. The addition of McCullough enables Continuity to better meet the strong demand for its compliance solutions in the upper Midwest region of the U.S.
Additionally, Continuity acquired Atlanta-based KPA, a provider of a full range of compliance consulting services for community banks. Lori Peterson, CRCM and principal at KPA, has been named a senior compliance strategist at Continuity. Peterson was a holding company policy expert and compliance examiner at the Office of Thrift Supervision and helped pioneer the remote audit process for clients located across the Southeast region. Peterson brings her in-depth expertise in interpreting regulations and translating requirements to the Continuity client base.
“At the heart of our Assistant offering are the insights and experience of the team of experts in our Regulatory Operations Center. By expanding our team with recognized compliance leaders, our high tech/high touch model lets our clients manage compliance better as regulations evolve. Through our distributed model, we gain the unique regional perspectives needed to best serve our clients,” said Pam Perdue, chief compliance strategist for Continuity Control. “Jennifer and Lori’s decades of industry experience make them the ideal individuals to tackle our clients’ unique needs. Their strong desire to help alleviate the burdens of increasing government oversight align them well with our company mission.”
Continuity is the provider of the Bankers Assistant and CreditUnion Assistant program, which offers cost-effective compliance management for community financial institutions. The platform features RegAdvisor, which monitors and analyzes regulatory changes and quickly modifies a financial institution’s compliance programs in response.