BCS is designed to provide expert, accurate, and practical legal services at a cost-effective price. To do this, BCS takes a unique approach to pricing. Rather than charging banks for services based on an hourly rate, most of the BCS legal services are covered by a set annual fee based on the asset size of the bank.* *See the BCS client contract for details.
Asset Size
(previous call report) Annual Contract Fee* Annual Membership Access Fee*
$1 - 50 million $1,910 $500
$50,000,001 - 150 million $2,530 $750
$150,000.001 - 250 million $3,210 $1,000
$250,000,001 - 350 million $3,830 $1,250
$350,000,001 - 500 million $4,440 $1,500
$500,000,001 - 750 million $6,360 $1,750
$750,000,001 million - $1 billion $8,280 $2,000
over $1 billion** $10,150 $2,250
+ $1,000 per additional billion in assets** + $250 per additional billion in assets**
*Fees are subject to change.
**Example: A bank with $2.2 billion in assets would be billed $11,150 for the annual contract fee and $2,500 for the annual member access fee, for a total of $13,650 annually.
BCS provides basic legal services. If a member bank has a complex legal problem, needs representation for litigation proceedings, or has a tax or corporate structure issue, BCS will typically advise the bank to seek the assistance of outside legal counsel with experience in those areas. BCS will work with the bank’s designated legal counsel to ensure that banking issues are identified and understood.
You can contact Carol Barnett, SVP, Compliance Services at Missouri Bankers Association at (573) 636-8151 or cbarnett@mobankers.com. You can also contact Kerry Clark, AVP, Staff Attorney at Bankers Consulting Services at (785) 783-0591 or bcs@bankersconsultingservices.com.
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