BKD CPAs & Advisors, a Top 20 Firm based in Springfield, Missouri, is merging in Bankers Assurance LLC, a regulatory compliance firm in Little Rock, Arkansas, effective Feb. 28, as BKD prepares for its megamerger with another Top 20 Firm, Dixon Hughes Goodman.
Bankers Assurance was founded in 2009 and currently serves more than 75 financial institutions in Arkansas and surrounding states, including small community banks and larger regional banks.
As part of the deal, a staff of five, including Bankers Assurance founder Shaun Harms, will be joining BKD in the firm’s Little Rock office. Financial terms of the deal were not disclosed. BKD has a staff of more than 3,000, which includes approximately 310 partners and principals. The firm’s fiscal year 2021 revenue was $758.12 million. When its
“Bankers Assurance is very excited to join BKD,” Harms said in a statement Thursday. “The values and commitment to a high quality of work are very aligned between both organizations, and together we will continue providing a value-added service to our clients. We look forward to being a continued resource to community banks in the many years to come.”
BKD already has a presence in Arkansas, where the firm has more than 150 professionals in offices in Little Rock, Rogers and Fort Smith. “We are excited to welcome Shaun Harms and the whole Bankers Assurance team to BKD,” said Susan Davenport, managing partner in Little Rock, in a statement Thursday. “Our Arkansas financial services team has known the Bankers Assurance team for many years, and we have always admired their reputation in the industry. Blending our teams will lead to services and resources for our clients that are much more than the sum of their parts.”
Besides the deal with DHG and Bankers Assurance, BKD acquired
