TriCo Bancshares (NASDAQ:TCBK) Files An 8-K Changes in Registrant’s Certifying Accountant

TriCo Bancshares (NASDAQ:TCBK) Files An 8-K Changes in Registrant’s Certifying Accountant
Item 4.01Changes in Registrant’s Certifying Accountant.

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(a)Dismissal of Previous Independent Accounting Firm

On April3, 2018, TriCo Bancshares (the “Company”), at the direction of the Audit and Risk Committee of the Board of Directors of the Company (“Audit Committee”), dismissed Crowe Horwath LLP as the Company’s principal independent accounting firm.

During the Company’s fiscal years ended December31, 2017 and 2016, and the subsequent interim period through April3, 2018, there were (i)no disagreements between the Company and Crowe Horwath LLP on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedures, which disagreements, if not resolved to Crowe Horwath LLP’s satisfaction, would have caused Crowe Horwath LLP to make reference to the subject matter of the disagreement in its report on the Company’s consolidated financial statements for the relevant year, and (ii)no “reportable events” as that term is defined in Item 304(a)(1)(v) of Regulation S-K.

The audit report of Crowe Horwath LLP on the consolidated financial statements of the Company as of December31, 2016 and 2017 and for each of the years in the three-year period ended December31, 2017, contained no adverse opinion or disclaimer of opinion and was not qualified or modified as to uncertainty, audit scope or accounting principles.

The Company has provided Crowe Horwath LLP with a copy of the disclosures in this Form 8-K prior to its filing with the U.S. Securities and Exchange Commission (“SEC”) and requested Crowe Horwath LLP to furnish to the Company a letter addressed to the SEC stating whether it agrees with the statements made above. A copy of Crowe Horwath LLP’s letter dated April6, 2018 is attached as Exhibit 16.1 to this Form 8-K.

(b)Engagement of New Independent Accounting Firm

On April3, 2018, based upon the recommendation and approval of the Audit Committee, the Company selected Moss Adams LLP as the Company’s independent registered public accounting firm for the fiscal year ending December31, 2018. During the Company’s fiscal years ended December31, 2017 and 2016, and the subsequent interim period through April3, 2018, neither the Company, nor anyone on its behalf, consulted with Moss Adams LLP regarding either (i)the application of accounting principles to a specified transaction, either completed or proposed; or the type of audit opinion that might be rendered on the Company’s consolidated financial statements; and as such, no written report or oral advice was provided, and none was an important factor considered by the Company in reaching a decision as to the accounting, auditing, or financial reporting issues; or (ii)any matter that was either the subject of a “disagreement” or a “reportable event” (within the meaning of Item 304(a)(1)(iv) and Item 304(a)(1)(v) of Regulation S-K, respectively).

Item 4.01Financial Statements and Exhibits.

EX-16.1 2 d564178dex161.htm EX-16.1 EX-16.1 Exhibit 16.1         Crowe Horwath LLP Independent Member Crowe Horwath International April 6,…
To view the full exhibit click here

About TriCo Bancshares (NASDAQ:TCBK)

TriCo Bancshares is the bank holding company of Tri Counties Bank (the Bank). The Company operates through community banking segment. The Bank is engaged in the general commercial banking business in approximately 30 counties in Northern and Central California. The Bank operates from over 50 traditional branches and over 10 in-store branches. It conducts a commercial banking business, including accepting demand, savings and time deposits, and making commercial, real estate and consumer loans. It also offers installment note collection, issues cashier’s checks, sells travelers checks, and provides safe deposit boxes and other customary banking services. The Bank provides brokerage services at its offices by the association with Raymond James Financial Services, Inc., which is a financial services provider and broker-dealer. The Bank is focused on retail banking operations. It focuses on serving the needs of local businesses, farmers and ranchers, retired individuals and wage earners.

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