Financial Accounting Software

Davie, FL (PRWEB) January 29, 2008 — Maverick CPA reveals silent pact between bankers and taxman could cost you your home and bury you under a mountain of debt, while lining the bank’s already massive profits and increasing the revenue of the IRS.

Real Estate Investing has never been more hazardous to the financial well being of investors. Your Banker and the Taxman have taken a vow of silence that threatens to wipe out the real estate portfolios of many investors who are faced with foreclosures.

Real estate sales have dropped by 13.8% in 2007. The sub prime debacle has cost an estimated $300 billion with no sign of stopping.

The median home price in a six-county region of Southern California plunged more than 13 percent in December from the same month a year ago, as the national housing slump kept eating away at home values.

All this puts pressure on real estate investors who may have taken advantage of low “teaser” rates, cash-out refinancings, zero-down loans, ‘negative amortization loans’, and other ‘creative’ financing options.

The national foreclosure rate has skyrocketed. The country is so close to recession that the Federal Reserve recently slashed interest rates in a vain hope to stem the tide.

So what do you do when the buyers disappear, prices plummet, rates shoot up, and you can’t afford the mortgage? According to Bill Tyler of Certified Tax Experts, many people walk away from their properties and let the bank ‘fix’ it. Pro-active property owners try to renegotiate with the lender, often turning over the property to the bank in exchange for the bank forgiving the outstanding loan.

“Both options can put you into debt, foreclosure, bankruptcy or even worse,” says Tyler. “The first thing I counsel my clients, is that you did what you thought was best for your future and the future of your family. It did not work out, but beating yourself up about it won’t help. We need to recognize where we are and move from there.”

Unfortunately, according to Tyler, being proactive can almost be worse than doing nothing.

Often when a property owner faces foreclosure, he will negotiate with his banker to give up his house along with a cancellation of debt. So if the bank sells a house with a $200,000 mortgage for $150,000, the owner does not owe the bank the outstanding $50,000. The bank cancels the debt and writes it off against profits.

Sounds like a great deal to the poor distressed owner. Until a few months later when the IRS informs him that that $50,000 debt he did not have to pay the bank is considered taxable income. In effect, his income went from a national average $45,000 to $95,000 and he never saw the money.

This is outrageous, according to Tyler. Your banker quietly crosses his fingers hoping you will sign his forms, knowing full well you will be stuck with an onerous debt you may never repay. And since you now owe the IRS, not the lender, bankruptcy is no longer an option.

The problem, says Tyler, is that your Banker and the Taxman know the rules of the game but most investors and home owners don’t. He has spent the past three years developing accounting strategies that allow investors to structure their real estate assets so that the outstanding $50,000 debt becomes an expense for income tax purposes, not income.

Tyler’s advice? If one starts falling behind in mortgage payments, don’t wait to get help. There are many competent professionals who can give solid advice and recommendations. Learn the rules of the game and put in place strategies to keep the bankers and taxman at bay.

Toronto, ON (PRWEB) January 29, 2008 — PROPHIX Software, a leading provider of financial business intelligence and performance management solutions specializing in forecasting, corporate budgeting, strategic planning, consolidation, financial analysis and scorecarding, is proud to be showcasing their software at the ASMI Budgeting & Forecasting Masters 2008 in San Diego, California. The ASMI Budgeting & Forecasting Masters 2008, the American Strategic Management Institute’s national conference, takes place February 11-13, 2008 at the Crown Plaza San Diego.

The American Strategic Management Institute will bring together the nation’s leading experts at Budgeting and Forecasting Masters 2008 while featuring tools for deploying cutting edge budgets and methodologically-advanced forecasts that maximize overall success. PROPHIX will be discussing the virtues of its entire suite of financial performance management solutions, including PROPHIX for SQL Server™, PROPHIX Enterprise and PROPHIX Express, throughout the event.

PROPHIX is also proudly sponsoring an informative session entitled “Aligning Strategic Planning to Financial Modeling”, presented by Gary Schwertly, CFO of The Anthony Robbins Companies. During this session Gary will:

- Review a 10-step method that guarantees a successful strategic plan is conveyed and acted on
- Align the strategic plan to the financial plan, making it a living document
- Ensure forecasts are reflective of current conditions as market forces change and the strategic plan is effected

“The ASMI Budgeting & Forecasting Masters 2008 is an excellent opportunity for us to meet other budgeting and forecasting leaders and to share our expertise with those in need of enhanced budgeting and forecasting methods,” says Nicole Laplante, Marketing Manager at PROPHIX Software. “Organizations require the ability to manage complex financial functions. Some of these functions include consolidation, job costing, allocations and currency management. PROPHIX allows you to easily handle the many variables involved in performing these complex financial analyses.”

About PROPHIX Software
PROPHIX Software is a leader in delivering performance management solutions including budgeting, planning, forecasting, reporting, consolidation, personnel planning and other advanced financial functions. PROPHIX Software maintains an outstanding reputation with its customers by consistently delivering tangible value and exceptional ROI, with a lower total cost of ownership.

Bellevue, Wash. (PRWEB) February 4, 2008 — Guidant Financial Group, a leading provider of self-directed IRA services, announced today the top-five investments made by self-directed IRA holders in 2007. The list was derived by analyzing investments made by more than 600 investors with checkbook control of their IRAs in 2007. Self-directed IRAs are typically used for investments outside the stock market, such as real estate, but they can also be used to purchase traditional securities.

1. Real Estate
Though this grouping encompasses a lot of different types of real estate investments, it definitely stood out as the number one choice for self-directed investors in 2007. Within this category, the most popular real estate investment was residential rental properties. As home values across the nation stalled or dropped, investors moved their funds from appreciative properties to cash-flow investments. A close second to residential rentals were commercial rentals, followed by raw land, appreciative properties and foreign real estate.

2. Private Placement
Many successful companies are not publicly traded - creating additional opportunities for private investors. In 2007, Guidant consultants saw a large number of investors using their retirement funds to make equity investments in privately held companies.

3. Loans/Notes
Looking for a solid return on investment secured by an asset, many investors in 2007 turned to loans and notes. The most popular was the bridge loan, stemming from problems in the mortgage industry and borrowers looking for short-term capital to secure new long-term financing. Other loans/notes leading the pack were hard-money loans and first and second deeds of trust.

4. Tax Liens/Deeds
The perceived security of tax liens and deeds, along with their wide range of purchase prices, made them popular investment choices in 2007. “A lien or deed can be bought for as little as a few hundred dollars and are often secured by real estate,” says David Nilssen, CEO of Guidant Financial Group. “Tax liens can be a great purchase for investors who are just getting started.”

5. Securities
Although most retirement account holders choose a self-directed IRA in order to invest outside the stock market, many account holders tend to keep at least some of their money in the securities market. This helps diversify their portfolio and cushion any major shifts in their other investments. Stocks were clearly the most popular security investment; however, bonds, mutual funds, ForEx, and foreign currency CDs were also investments commonly pursued by self-directed investors.

“Despite the volatility of the real estate market, investments in that arena were still the most popular among our clients and those exploring our services,” says Nilssen. “Most people own a home or know someone who has invested successfully in real estate, so it is an obvious place to start when looking for alternatives to the securities market. Aside from the obvious ability to truly diversify retirement funds, one of the greatest benefits to holding self-directed IRAs is their flexibility, which allows investors to profit in virtually any market situation.”

About Guidant Financial Group

Guidant Financial Group is the premier provider of self-directed IRAs and business-funding solutions through IRAs and 401(k)s. Guidant’s services allow investors the freedom to make investments in real estate, franchises, businesses, tax liens and more by accessing their retirement accounts without penalty before retirement age.

Santa Ana, CA (PRWEB) February 4, 2008 — Westover Financial, Inc., middle-market equipment financing and leasing company, announced the formation of another, niche-specific, equipment financing division, Westover Hospitality Equipment Finance. This is another in a series of planned business unit additions for 2008. It stems directly from the success of Westover Medical Equipment Finance launched in August of 2007, to serve the medical, dental, hospital/medical center and other commercial medical customers. It will fill the pressing need for creative, structured and economical equipment financing and leasing solutions sought by the restaurant, hotel, motel and leisure industry.

This division will provide equipment financing and leasing solutions to many of the problems routinely encountered in the hospitality industry. It will provide access to different lenders on behalf of it’s clients and equipment vendors, to accommodate a variety of equipment financing or leasing scenarios unique to this particular industry. Many of which cannot be accommodated by conventional lenders such as banks.

“We are becoming a well defined niche-player in several industries,” said Steve Jones, President of Westover. “So once again, it makes sense for us to dedicate specialized resources to a specific market, since we believe that there is significant growth ahead. We also expect that the current liquidity issues facing banks and other traditional lenders may open up opportunities for us.”

In conjunction with this, a new company Web site, www.westoverhospitalityequipmentfinance.com, has been completed and is available for customers, hospitality equipment vendors and potential clients as well.

Westover Financial, Inc., headquartered in Santa Ana, CA, was founded in 1984 and has funded over $500,000,000. in equipment purchases for commercial entities. It serves the needs of customers and equipment vendors nationwide from the home office, as well as branch offices in San Francisco, Tampa, Austin and Los Angeles.

From it’s web site, www.westoverhospitalityequipmentfinance.com, they are offering a free “Hospitality Equipment Financing Newsletter” issued quarterly, and a free “Insider’s Checklist When Financing/Leasing Hospitality Equipment”. This helps owners and decision-makers save time and money when engaging in this process.

For more information contact Steve Jones at Westover Financial, Inc 400 N. Tustin Ave. #140 Santa Ana, CA 92705; or 800-982-5868 x104

New York, NY (PRWEB) February 19, 2008 — Financial solutions experts, eBusiness Lending, can analyze the most complex lending scenarios presented by clients with diverse funding requirements.

Today’s market presents potential borrowers with an array of financial choices. These choices are also coupled with a complex set of lending requirements, which sometimes lead borrowers down a financial path to a dead end.

Whether assessing a private equity strategy or a business line of credit, eBusiness Lending can help predetermine loan amounts and thus project loan approval by analyzing a borrower’s profile, risk, debt ration and UCC code.

Through its premier underwriting software, eBusiness Lending prepares 3 reference loan applications for $499, with required annual gross revenues, required personal income and required time in business to minimize the guesswork and credit inquiries for small business owners being approved. The analysis that eBusiness Lending uses to determine a borrower’s credit risks, minus the borrower’s business and personal credit report, are keys to a successful loan approval.

eBusiness Lending provides this valuable service through its website, http://www.ebizlines.com, so you can begin the process immediately. Borrowers simply login, complete the online application and submit it for review. The funding analysis process is completed within a few business days. “We arm borrowers with the knowledge they need to feel confident in the lending process,” said Anthony Norris, Senior Vice President of eBusiness Lending.

eBusiness Lending assists companies around the world with financial transactions; ranging from private equity funding and corporate leveraged buyouts, business lines of credit and start up funding for a variety of industries.

As 2008 gets underway, people all over the world have made resolutions. Whether losing 10 pounds or making financial related resolutions, the New Year provides an opportunity for people to take stock of their lives and resolve to do things differently. According to Jeff Carbone, a Charlotte-based independent financial professional, most people spend more time planning their annual vacation than planning for their financial future. But Carbone advises that when thinking about finances at the beginning of the year, Americans should go beyond the obvious financial resolutions.

Charlotte, NC (PRWEB) February 21, 2008 — As 2008 gets underway, people all over the world have made resolutions. Whether losing 10 pounds or making financial related resolutions, the New Year provides an opportunity for people to take stock of their lives and resolve to do things differently. According to Jeff Carbone, a Charlotte-based independent financial professional, most people spend more time planning their annual vacation than planning for their financial future. But Carbone advises that when thinking about finances at the beginning of the year, Americans should go beyond the obvious financial resolutions.

New Year provides an opportunity for people to take stock of their lives and resolve to do things differently. According to Jeff Carbone, a Charlotte-based independent financial professional, most people spend more time planning their annual vacation than planning for their financial future. But Carbone advises that when thinking about finances at the beginning of the year, Americans should go beyond the obvious financial resolutions.

“When people think about making beginning-of-the-year financial resolutions, they are often centered around saving more, creating a spending plan (also known as a budget) and paying off existing debt, much of which has been accumulated during the recent holiday season,” says Carbone. “And while people should create and stick to a budget, pay off debt and save for the proverbial rainy day, there are other, often more pressing, things to which consumers need to pay attention.”

Carbone offers these four tips for those working to get their financial houses in order for the New Year.

ORGANIZE FINANCIAL PAPERS
According to Carbone, the first quarter of every new year is a great time to consolidate and update all your important information.

“You’ll be getting various year-end account statements and tax documents in the mail. Make an extra copy if needed to put into your personal finance binder or file. Whether you use a paper system or account aggregation software, it’s important to organize all financial statements and estate related important documents in one place,” says Carbone. This includes all statements from credit card and retirement accounts to wills, powers of attorney and health care directives.

“By going through these documents annually, you make sure that the most current information is accessible to loved ones in the event that you are incapacitated or unavailable. As you clean out the old documents, be sure you destroy - versus simply toss the things you no longer deem necessary to keep,” says Carbone. “You might also keep an eye out for outdated information such as beneficiary designations that need to be updated.”

But Carbone warns against using a lock box or safety deposit box to house important documents. “When a person dies, lock boxes and safety deposit boxes are automatically locked and a court order is required to open it,” says Carbone. “If you choose to use one of these boxes, be sure to make copies of all the contents and give them to the executor of your estate or a trusted family member.”

CHECK YOUR FICO SCORE AND CREDIT STANDING
“One of the most important things people can do at the beginning of the year is to get and review their free annual credit report,” says Carbone. Many online services are available to help you order a report or even view online this essential information. “Make sure that everything that is on your report belongs to you and that no unrecognized accounts or activity are on the report. Watch for any derogatory items and try to contest them,” he counsels. “Treating your credit report as if it is gold can pay off in lower interest rates with credit card companies or should you decide to refinance your home, buy a new vehicle, or apply for some other type of consumer credit.”

BE AWARE OF NEW INCOME TAX LAWS
Each year, there are new laws that affect your money. “The beginning the year is a great time to review your investment portfolio and make adjustments based on the ever changing income tax laws,” says Carbone. Like long-term capital gains, qualifying dividends are generally taxed at a maximum rate of 15 percent. Carbone advises that investors consider investing in dividend-paying stock rather than an investment that pays taxable interest to take advantage of lower rates. To ensure favorable dividend treatment, an investor needs to hold the underlying stock for a minimum period. In general, the minimum holding period is 61 days during the 121-day period beginning 60 days before the stock’s “ex-dividend” date.

GET A FINANCIAL CHECK-UP
The beginning of the New Year is also a great time to take a look at your accounts to ensure that you have enough saved for a rainy day. “From savings accounts, retirement accounts and insurance policies, it’s important to check to ensure that you are on the right financial path,” says Carbone. “While these can be reviewed as part of a do-it-yourself check-up or in concert with your CPA, a financial planning professional is often times the best person to assess your overall situation and make sure that you are on track to meet your financial goals.” Carbone underscores that while a financial check-up is important, it’s especially important for those who are considered high net worth investors. “High net worth individuals should also ensure that they have a minimum $2 million umbrella policy to protect against potential lawsuits. This insurance is relatively inexpensive and can be a real lifesaver in the event of a lawsuit.”

In addition, review the current IRS guidelines for your 401(k) and retirement accounts to ensure that your contribution levels are at the maximum amount allowed under the law (currently $15,500 per year). “If you’ve hit the 50-year mark, remember you can contribute an additional $5,000 per year making for a total allowable contribution of $20,500,” says Carbone.

About Jeff Carbone and Cornerstone Financial Partners
Jeff Carbone and his partners at Cornerstone Financial Partners have a combination of over 50 years of experience providing comprehensive financial planning strategies for business owners ?and executives, as well as wealth management programs for athletes and entertainers. They are committed to providing a balanced, comprehensive and personal approach to their client’s investing and financial interests.

Over the years the partners at Cornerstone Financial Partners have found it rewarding to share their insights regarding financial principles with the public. They deliver numerous financial planning seminars and have been interviewed for several consumer and trade publications including the Wall Street Journal, Journal of Financial Planning, Chicago Tribune and Charlotte Business Journal.

New York, NY (PRWEB) February 21, 2008 — Institutional Investor Events (II Events) is proud to announce the 3rd Annual Chief Compliance Officer Forum: Peer-Driven Strategies To Protect Your Firm in Volatile Times, March 11-12, 2008 at The Harmonie Club, New York City.

Held in association with Compliance Reporter, The Chief Compliance Officer Forum is the only forum created by CCOs for CCOs. The forum will tackle the key regulatory and compliance challenges facing today’s CCO and will cover topics such responding to the SEC’s new inspection letter, valuation, insider trading, forensic testing, due diligence for relationships with counterparties, BD/IA arrangements, the annual review and more.

The SEC New York Inspection Letter has set a new level of accountability across the board for the industry. Don’t miss Thomas A. Biolsi, U.S. Securities and Exchange Commission, as he answers the questions raised by this detailed assessment and get the tools you need to respond.

Our speaking faculty includes 23 regulators and compliance officers, including keynote speaker Bruce Karpati, U.S. Securities and Exchange Commission who will address current enforcement issues for investment advisors, and Alma Angotti from FINRA, who will address practical strategies for using gap analyses. Plus, hear real-life experiences from compliance officers such as David Lui, FAF Advisors/First American Funds, Lane S. Bucklan, Iridian Asset Management LLC; Victor Frye, ProFunds and ProShares; Brian Kawakami, Lazard Asset Management LLC; Joseph McGill, UBS Global Asset Management; Nicholas Tsoudis, Bear Stearns Asset Management, Inc. and more!

Program highlights includes:
• Interactive CCO Panel: Tales from the Trenches and Lessons Learned
• Controlling Insider Trading Risks in Today’s Uncertain Trading Climate
• CCO Experiences of Forensic and Transactional Testing
• Tackling Complex Valuation Risks in Volatile Markets and Illiquid Markets
• Real-Life Case Studies of IA Annual Reviews
• CCO Debate on Outsourcing and Third Party Due Diligence
• Achieving Compliance in BD/IA Arrangements
• NEW Roundtable Discussions CCO Liabilities, Compliance Challenges for Small Firms, Fee- Based Brokerage Accounts….. and more!
• Plus- Don’t Miss Our Half day Interactive Workshop: Surviving an SEC exam

About II Events
Institutional Investor Events produces awards events and high quality conferences and seminars that leverage the content of Institutional Investor News’ 17 financial newsletter titles. Like the Institutional Investor newsletters, the conferences deliver critical intelligence across the entire field of financial services, providing leading edge information on tomorrow’s trends. www.iievents.com

New York, NY (PRWEB) February 22, 2008 — Xtiva Financial Systems, a leading provider of enterprise compensation solutions for the brokerage industry today announced that Legent Clearing of Omaha, Nebraska has formed a marketing alliance with Xtiva. This alliance will enable Legent correspondents to receive preferred pricing for Xtiva’s sales compensation system solutions.

“Once we saw the success that two of our correspondents were having with Xtiva’s system, we were confident that our other clients would be interested in achieving similar results,” said Ray Maratea, Executive Vice President of Sales for Legent Clearing. “Our mission is to provide our clients with the best technology solutions so they can maximize their operational effectiveness. Xtiva’s solutions have been proven at over 100 client installations to do just that.”

“Our business development strategy has always been to partner with the top clearing firms to enable us to provide the maximum value to their fully-disclosed correspondents. Legent has proven that they have a platform that correspondents want, and they have been great to work with as we have developed the integration points for our solutions.” said Thomas Moysak, Vice President of Sales and Business Development, Xtiva Financial Systems. “Forming this alliance will help us deploy our compensation solutions to Legent clients at a better price point and more effectively, reducing total cost of ownership for the correspondents.”

The Xtiva suite provides full support for commission and compensation planning, back-office operations and reporting. Key benefits of the Xtiva suite include:

- Consolidation - clients gain command of all key business data in one accessible and extensible data mart;
- Flexibility - Easy modeling of unlimited payout, fee, and bonus structures to support the evolving business needs of a brokerage firm;
- Efficiency - Streamlined back-office processing and automation of processing for all types of data feeds
- Business visibility - Enterprise production reporting, including management-level reporting, agent/rep, branch, account, products, etc.

About Xtiva Financial Systems
Xtiva Financial Systems is a leading provider of enterprise compensation Software as a Service (SaaS) solutions for the brokerage industry. Founded in 1998 and based in New York City, Xtiva has developed state-of-the-art technologies that enable retail and institutional broker/dealers to streamline operations, from sales compensation and production reporting to supervision of rep licensing and compliance issues. With over 100 clients and key industry alliances, Xtiva is the leading provider of sales compensation solutions to the brokerage industry.

Xtiva’s clients include AXA Advisors, H&R Block Financial Advisors, Mutual of Omaha Investor Services, New England Securities, Northern Trust, UBS, and Walnut Street Securities. Xtiva’s partners include: Bear Stearns, Dain Correspondent Services, First Clearing, National Financial Services, Ridge Clearing, Investigo, and PriceMetrix.

About Legent Clearing
Legent Clearing is a leading independent provider of correspondent clearing services. Since its founding in 2002, Legent has grown rapidly as a result of its unique combination of independence, best-of-breed technology and ability to offer customized solutions. Legent provides access to investment products such as equities, mutual funds, foreign securities, fixed income investments, prime brokerage, options, annuities, DVP/RVP and WRAP accounts through a variety of online tools and platforms. Legent Clearing, a wholly owned subsidiary of Legent Group, is headquartered in Omaha, Nebraska.

Hong Kong (PRWEB) February 25, 2008 — Zetland Financial Group reports new tax regulations ordered by China’s government will create greater transparency and stability in the mainland’s tax regime.

China’s implementation of new rules resulting in the same tax rate for domestic and foreign companies will mean greater predictability and transparency, Zetland Financial Group reports on its website.

Chinese and foreign firms in China are now levied the same corporate tax rate of 25 percent after the new Enterprise Income Tax Law and Implementation Rules took effect on Jan. 1.

The new laws, which were passed on March 16, 2007, will no longer give any preferential treatment to foreign invested enterprises over their domestically funded counterparts.

“I believe the new law and rules will provide all market players with a more transparent, stable and predictable tax system,” said Joseph Tse, tax manager partner at Deloitte Greater China.

“With the loss of most tax incentives, domestic enterprises and FIEs alike will need to develop strategies that optimize their domestic and global tax benefits, relying more on traditional tax planning tools,” he said.

Analysts said the banking sector will benefit most. “Less tax for the mainland banks could compensate losses from restriction on lending due to recent tightening measures,” said the head of China research at a European investment house.

Under the new regulations, firms registered before March 16 will either receive a five-year grace period where they will be subject to a gradually increasing tax rate, or they will be entitled to complete the period of tax exemption that they were promised.

The report says high-technology industries will be given preferential treatment if they are supported by the state and located in special economic zones. Companies owning intellectual property that are registered after Jan. 1 in these zones will be exempt from any corporate tax for the first two years.

The report is one of many offered each month by Zetland Financial Group on its comprehensive website. Zetland provides business and financial consultancy internationally and in the Asia region with an emphasis on operations in China, offering personal service and valuable advice with total confidentiality.

From its base in Hong Kong, the company is in a position to provide clients with the efficiencies and sophisticated infrastructure of one of the most dynamic international cities - also an integral part of the rapidly growing economy of China.

Extensive industry expertise gives financial technology company new edge.

Austin, TX (PRWEB) March 8, 2008 — CBG Holdings, Inc. today announced the appointment of Tom Shen to its board of directors and also as the company’s Chief Strategy Officer. Shen is a veteran financial services industry technology executive. CBG Holdings, Inc. is the holding company for Q2 Software, Cardinal Software and CBANC Network, all providers of technology solutions designed to make financial institutions more competitive against money center banks.”

Tom has an exceptional track record of building superior products, providing top-tier customer support and forging relationships within the financial services space,” said CBG Holdings, Inc., Chairman R.H. “Hank” Seale III. “As we continue to grow at a record pace, Tom’s unique experience and wisdom will be instrumental in our strategic direction.”

Before joining CBG Holdings, Inc., Shen most recently was EVP of Product, Engineering and Operations for Digital Insight, recently acquired by Intuit (NASDAQ: INTU), a provider of Internet banking services. Prior to Digital Insight, he was chairman, CEO and president of Software Dynamics, Inc. (SDI), where he guided the direction and architecture of SDI’s suite of front office products for financial institutions - teller, platform, call center and CRM. When he sold the company to S1 Corporation in 2001, he had shepherded the expansion of the company’s client base to more than 1,000 financial institutions worldwide. ”

The opportunity to contribute in an entrepreneurial organization that focuses on people, delighting customers and building innovative products is why I joined CBG,” Shen explained. “This is going to be an excellent opportunity to collaborate with Hank and his team to continue to change the way financial institutions interact with their technology partners. I am genuinely excited and look forward to adding to the success the team at CBG has built over the past three years.”

About CBG Holdings, Inc.
R.H. “Hank” Seale III founded CBG Holdings, Inc. in 2006. Among its current holdings are Q2 Software, a provider of Electronic Banking Solutions; Cardinal Software, a provider of core and platform solutions; CBANC Network, an online resource linking member banks across the nation to a wide range of services. The mission of CBG Holdings, Inc. is to strengthen community financial institutions by providing the technology, channels and opportunities for unprecedented strategic collaboration.