Golden Mountain Financial Holdings Corp. (fka FNBCQ)

[56Chevy]

First NBC Announces Appointment of Crowe Horwath as New Independent Auditor

Date : 01/03/2017 @ 7:00AM
Source : PR Newswire (US)
Stock : First Nbc Bank Holding Company (MM) (FNBC)
Quote : $7.87 up 0.5736 (7.86%)

NEW ORLEANS, Jan. 3, 2017 /PRNewswire/ -- First NBC Bank Holding Company (NASDAQ: FNBC) ("First NBC") today announced that it has appointed Crowe Horwath LLP ("Crowe Horwath") as its new independent auditor for the year ended December 31, 2016.
  
First NBC intends to work expeditiously with Crowe Horwath to finalize financial results for the third and fourth quarters of 2016 and complete the 2016 audit.  The company will announce the time and date for the release of the results and a corresponding conference call as soon as practicable.
 
The company previously announced on November 2, 2016 preliminary unaudited financial results for the third quarter of 2016 for First NBC Bank, a wholly owned subsidiary of First NBC Bank Holding Company.
 
On September 2, 2016, First NBC announced that its previous independent auditor, Ernst & Young, had notified the company that it was declining to stand for re-appointment.

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http://ih.advfn.com/p.php?pid=nmona&article=73525697

*The "fix" is in. Having to sell 9 branches was a tough pill to swallow but on the bright side it raised over $200MM which is approx. $50MM more than estimates called for. This is a $18+ bank.