Financial Institution Consulting Corporation, FICC, of Memphis, Tennessee, works exclusively with financial institutions and is the preeminent employee benefit and executive compensation planning firm in this field.
Since its inception in 1988, FICC has established hundreds of plans that help institutions meet the long-term goals of directors and employees, while improving the financial performance of the institutions and satisfying all applicable regulatory regulations.
FICC is a privately owned C-corporation. Majority shareholder and principal owner, Larry Chinn founded the company, driven by a belief that an organization's financial performance can be effectively improved through employee motivation.
Like the financial institutions we serve, we know that the foundation and strength of our company hinges upon the quality of our employees. FICC's personnel are leaders in the industry and include CPAs, attorneys, and financial analysts with extensive expertise in regulatory, tax and accounting considerations for executive compensation plans.
In 1988, Mr. Chinn created FICC and established it as a preeminent leader of non-qualified deferred compensations plans. As the President and CEO, Mr. Chinn oversees legal, accounting, compliance, and underwriting issues of the benefit plans. It is Mr. Chinn's firm belief that the success of a non-qualified plan rests on communication with the plan participants; therefore, Mr. Chinn makes himself widely available to plan participants to answer their questions.
Prior to founding FICC, Mr. Chinn served as CEO of another bank consulting firm, where he provided a full range of consulting services with emphasis on employee benefits and executive compensation planning, as well as the formulation of bank holding companies. In private law practice, he focused on financial institution regulatory law, executive compensation planning, and securities and tax litigation. He has been a frequent lecturer at seminars for financial institutions, and has authored several published articles on ESOP planning for financial institutions. He earned salutatorian honors with both his undergraduate degree and law degree at the University of Memphis.