Wipfli expands Financial Institutions Practice


January 27, 2014
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Wipfli announced today that it has expanded its Financial Institutions Practice’s strategic advisory services team with the addition of Thomas Back and Jim Broucek. 
 
“We are thrilled to welcome these two seasoned advisors to Wipfli’s Financial Institutions Practice. The addition of Thomas and Jim further strengthens our renowned strategic advisory services practice and demonstrates Wipfli’s commitment to helping our valued financial institution clients,” said JoAnn Cotter, partner-in-charge of the Financial Institutions Practice of Wipfli LLP.
 
“Thomas and Jim bring outstanding talent, expertise and deep industry knowledge to our strategic advisory services practice,” said David Saber, director-in-charge of the strategic advisory services team.
 
As a senior manager, Back will draw from his experience investing in community banks across the United States, serving on boards of directors of portfolio companies, and regulating bank holding companies in the upper Midwest. Prior to Wipfli, Back was a principal at Community BanCapital where he was responsible for sourcing, evaluating and monitoring subordinated debt investments in community banks. He also previously served as vice president of Commerce Street Capital, a bank-focused private investment firm based in Dallas, Texas, and worked 10 years in the Federal Reserve System, most recently as a supervision analyst with the Federal Reserve Bank of Chicago. 
 
Back holds a master of business administration degree from University of Chicago and a bachelor’s degree in engineering from Trinity College. He will be based in the firm’s Oak Brook (Chicago) office.

Broucek is also joining the firm as a senior manager and will lead the asset liability management group and capital planning efforts within Wipfli’s Financial Institutions Practice’s strategic advisory services team. He has over 25 years of financial institution experience and has a strong background in capital planning, asset liability management, liquidity, balance sheet management, and both internal and external financial reporting. Prior to joining Wipfli, Broucek was the treasurer of TCF Financial and the regional CFO with TCF’s Michigan Bank. His previous experience also includes a position as controller of a publicly traded thrift acquired by TCF.
 
Broucek holds a bachelor’s degree in business administration with a concentration in accounting and mathematics from Hope College. He will be based in Wipfli’s Minneapolis office.

With the addition of Back and Broucek, Wipfli’s strategic advisory services team will have additional strength to provide customized, innovative and strategic solutions to clients, including strategic planning and facilitation at board and executive team levels, asset liability management validation, human resource management consulting, merger and acquisition services, succession and talent assessment, capital planning, efficiency studies, branch analytics, board governance, and profit improvement. Both Back and Broucek will serve financial institution clients across the country.

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