Weaver, an independent accounting firm in the Southwest, announced the merger with Delong Consulting Services, L.L.C. (Delong) effective June 1, 2012. The merger enhances Weaver's expertise in the financial services industry, particularly in the banking sector.
Founded in 1996 by Bill Delong, CPA and president, Delong provides outsourced regulatory compliance, internal audit, and information technology (IT) audit services to banking institutions throughout Texas. The Delong team's focus includes asset/liability reviews, regulatory compliance, internal audit, FDICIA and Sarbanes-Oxley testing, and Bank Secrecy Act/Anti-Money Laundering reviews. The firm's IT services focus on general control reviews and other IT-dependent regulatory reviews, including IT security and risk management.
"We are excited to have Bill and his staff join the Weaver team. They bring to the firm extensive experience working with banks and offer expanded expertise and services that we can provide to banks across Texas", said Tommy Lawler, managing partner and CEO for Weaver. "This merger also supports our growth strategy in the financial services space."
Delong joins Weaver as a partner. His team, including eleven staff members, will join the Weaver offices in Dallas and Fort Worth.
"Our clients will greatly benefit from the additional resources and depth of services that Weaver provides", said Delong. "This merger better positions us to serve a growing number of banks across Texas. It will also allow us to continue building upon the long-term relationships we have with our current clients and to provide them with the personal attention they have come to know and expect."
Prior to establishing his own firm, Delong's forty-year career included senior vice president and audit director positions at Team Bank and First Gibraltar Bank. His management responsibilities included financial, operational, compliance, trust and information system auditing as well as management of numerous complex financial and operational projects. Delong also served as the assistant general auditor at Bank One Corporation, responsible for audits of subsidiary banks and non-IT subsidiaries. He earned a Bachelor of Science degree in Accounting from Franklin University in Columbus, Ohio, and is a graduate of the University of Wisconsin's Graduate School of Banking. His professional memberships include the American Institute of Certified Public Accountants and the Institute of Internal Auditors.