First Empire has a long-standing relationship with the community banks and thrifts that comprise the backbone of the U.S. banking system. Listening intently to what they are trying to accomplish in today's economy—maintain high capital and liquidity levels while offering competitive services—First Empire provides comprehensive solutions to help them work towards those goals.
Through our family of companies, we provide a range of specialized services that can help banks enhance the performance of their balance sheets while mitigating risk. Our value-added services include:
First Empire Securities offers access to a complete range of fixed income investments from hundreds of dealers throughout the United States, as well as the new issue market. All clients are supported by our Financial Strategies Group, which uses advanced analytics to show how potential investments could impact the balance sheet.
LPC Services helps banks enhance the performance of their loan portfolios and mitigate risk on their balance sheets through its loan participation and other specialized programs. They have a national network of buyers and sellers in the auto, residential, commercial and credit card sectors.
Balance Sheet Management Services has one of the most comprehensive ALM models in the industry that includes premium reports, such as a core deposit study and liquidity analysis. Every client is supported by a team of financial, regulatory and analytic specialists.
The Office of Regulatory Affairs at Balance Sheet Management Services is staffed with former examiners from the NCUA. They provide a complete range of policy development and examination support services to help banks navigate a complex regulatory environment.
Bond accounting offered through Balance Sheet Management Services includes sub-ledger accounting documents, call report investment schedules, yield calculations, market valuations and general ledger entries, among other features.
Pershing offers safekeeping and clearing to First Empire Securities clients on a fully disclosed basis. Safekeeping services also feature Federal Reserve Discount Window support and a cash management sweep program.
Balance Sheet Management Services, Inc., and LPC Services, Inc., are not members of FINRA or SIPC.