EY - Section 597: FDIC assisted bank acquisitions

EY Tax Webcast

Section 597: FDIC assisted bank acquisitions, new regulations and other opportunities

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Join Ernst & Young LLP’s Banking & Capital Markets practice for a discussion of the proposed Section 597 regulations released last year.

Our tax professionals will discuss the regulations as well as other issues that have recently come to light related to federally assisted bank acquisitions. They will also highlight potential planning opportunities that have emerged.

This webcast may be of interest to tax directors, state and local tax professionals, and corporate controllers.



John M. Taylor

Partner, Financial Services, Ernst & Young LLP

John Taylor is a Tax Partner in the Phoenix office of Ernst & Young LLP. During his 21 years in public accounting, John has served clients in the banking and capital markets sector, but specializes in working with clients in the financial services industry.

John is the firm’s principal resource on matters involving the regulatory capital treatment of deferred tax assets and is one of the firm’s principal subject matter professionals on failed bank acquisitions. John frequently lectures on Basel III and Dodd-Frank issues.

John received a B.S. in Accounting from the University of Arizona and Master’s of Taxation from the University of Southern California.

Steven D. Balzer

Partner, Financial Services, Ernst & Young LLP

Steve Balzer is a partner in the firm’s Charlotte office federal tax practice and focuses on providing federal tax services to banking and capital markets clients. He is responsible for coordinating and teaming with local and national financial services resources to provide seamless and integrated service delivery across the various functional tax specialties including: federal tax technical, tax compliance services, tax process improvement, tax technology, tax risk and controversy, and transaction assistance.

Steve has 16 years of experience helping public and private multinational corporations with effective tax rate minimization and process improvement planning. This includes significant experience in tax outsourcing services (tax director services, tax provisions, tax return preparation, document management and retention policy review) and tax transition.

Steve received a B.S. in Accounting and Finance from The Citadel and he's a member of the AICPA and North Carolina Association of Public Accountants.


Jack Burns

Executive Director, Financial Services, Tax, Ernst & Young LLP

Jack Burns joined Ernst & Young LLP in 2013, as a member of the firm’s Banking and Capital Markets Tax Practice.

Prior to joining EY, Jack was a Managing Director in the Citigroup (Citi) Tax Department. While a member of Citi’s tax department, Jack had involvement in tax examinations and controversies, as well as responsibilities for international, US Federal and state tax planning, financial statement and regulatory matters, and financial product issues.