LOUISVILLE, Kentucky – Forvis Mazars, a top 10 accounting and advisory firm, is bolstering the services it offers clients in the financial services industry through the acquisition of ProBank Austin, effective Oct. 1.
ProBank Austin is a nationally respected provider of education, loan review, regulatory compliance, asset/liability and interest rate risk management, and capital advisory services to financial institutions.
The firm has offices in Nashville, Tennessee; Louisville, Kentucky; and Toledo, Ohio, and annual revenues of approximately $20 million. More than 50 professionals will join Forvis Mazars in the merger.
With roots dating to 1967, ProBank Austin was formed in 2017 following the merger of Professional Bank Services, headquartered in Louisville, and Austin Associates, headquartered in Toledo. This geographic footprint complements Forvis Mazars’ existing presence in the region, which includes seven offices in Kentucky, Tennessee and Ohio.
“ProBank Austin is a trusted advisor to the financial services industry that truly prioritizes client service,” said Jerry Henderson, regional managing partner, advisory services with Forvis Mazars. “With this addition, Forvis Mazars will augment the strength of existing service lines such as regulatory compliance, loan review, internal audit and investment banking while also expanding our capabilities in the area of education services and financial management.”
“Joining forces with Forvis Mazars is a step forward for us,” said Chris Hargrove, CEO of ProBank Austin. “This move will broaden and deepen our offerings with greater resources for our clients and enhanced career opportunities for our team members. We have been in conversation with Forvis Mazars leaders over the past year and are thrilled to see this come to fruition.”
