Client Spotlight: Apollo Bank

The Story Behind Apollo Bank
Miami-based Apollo Bank takes a personalized approach when helping small, mid-sized and family-owned businesses meet their financial goals. As a proactive player in the competitive and highly regulated financial services industry, Apollo Bank searched for strategies to reduce risk and manage expenses while providing clients with high-level service.
Eddy Arriola, chairman and CEO of Apollo Bank, turned to Kaufman Rossin for guidance.
“In the financial services industry, regulatory expectations are very high,” said Ivan Garces, risk advisory services principal at Kaufman Rossin. “We work with Eddy and the Apollo team to make sure that they’re meeting those criteria throughout the year … and we help the bank protect and enhance shareholder value.”
Ivan and Kaufman Rossin’s risk advisory services team provide Apollo Bank with internal audit, regulatory compliance and IT services. In addition to reviewing the community bank’s internal controls for efficiency and effectiveness, Kaufman Rossin examines its consumer compliance, AML and BSA compliance programs to confirm alignment with regulatory standards. Moreover, the firm evaluates the effectiveness of Apollo Bank’s information security programs in safeguarding client information.
“Working with Kaufman Rossin allows us to manage our risk and make sure the policies and procedures we sign off on and that we’ve committed to are being followed,” Eddy said. “It has been a partnership that has helped us create a better business.”

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