Eagle Bancorp Montana, Inc. (NASDAQ:EBMT) Files An 8-K Changes in Registrant’s Certifying AccountantItem 4.01Changes in Registrant’s Certifying Accountant
On December 4, 2017, Davis Kinard & Co., P.C. (“Davis Kinard”) resigned as the independent registered public accounting firm of Eagle Bancorp Montana, Inc. (the “Company”). Davis Kinard recently entered into an agreement with Eide Bailly LLP (“Eide Bailly”), to which Eide Bailly acquired the operations of Davis Kinard, and certain of the professional staff and partners of Davis Kinard joined Eide Bailly either as employees or partners of Eide Bailly and will continue to practice as members of Eide Bailly. Concurrent with the resignation of Davis Kinard, the Company, through and with the approval of its Audit Committee, engaged Eide Bailly as its independent registered public accounting firm.
Prior to engaging Eide Bailly, the Company did not consult with Eide Bailly regarding the application of accounting principles to a specific completed or contemplated transaction or regarding the type of audit opinions that might be rendered by Eide Bailly on the Company’s financial statements, and Eide Bailly did not provide any written or oral advice that was an important factor considered by the Company in reaching a decision as to any such accounting, auditing or financial reporting issue.
The reports of Davis Kinard regarding the Company’s financial statements for the fiscal years ended December 31, 2016 and 2015 did not contain any adverse opinion or disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope or accounting principles. During the years ended December 31, 2016 and 2015, and during the period from December 31, 2016 through December 4, 2017, the date of resignation, there were no disagreements with Davis Kinard on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedures, which disagreements, if not resolved to the satisfaction of Davis Kinard, would have caused it to make reference to such disagreement in its reports.
The Company provided Davis Kinard with a copy of this Current Report on Form 8-K prior to its filing with the Securities and Exchange Commission and requested that Davis Kinard furnish the Company with a letter addressed to the Securities and Exchange Commission stating whether it agrees with above statements and, if it does not agree, the respects in which it does not agree. A copy of the letter, dated December 8, 2017, is filed as Exhibit 99.1 (which is incorporated by reference herein) to this Current Report on Form 8-K.
Item 9.01Financial Statements and Exhibits
(d) The following exhibit is filed as part of this report:
Exhibit No.Description
99.1 Letter from Davis Kinard & Co, P.C.
Eagle Bancorp Montana, Inc. ExhibitEX-99.1 2 ex_101744.htm EXHIBIT 99.1 ex_101744.htm Exhibit 99.1 First Financial Bank Building 400 Pine Street,…To view the full exhibit click here
About Eagle Bancorp Montana, Inc. (NASDAQ:EBMT)
Eagle Bancorp Montana, Inc. is the bank holding company for Opportunity Bank of Montana (the Bank). The Bank is a Montana-chartered commercial bank. The Bank has equity investments in Certified Development Entities, which have received allocations of New Markets Tax Credits (NMTC). The Company offers wealth management services at its locations through financial advisors employed by the Bank. The Bank originates residential mortgages (one- to four-family) and commercial real estate loans, real estate construction loans, home equity loans, consumer loans and commercial loans. The Bank offers a range of deposit accounts, which include certificates of deposit accounts ranging in terms from 90 days to 5 years, as well as, checking, savings and money market accounts. Individual retirement accounts (IRAs) are included in certificates of deposit.
