M&A - Eagle Bancorp Montana, Inc.

Form Type: 8-K

Filing Date: 2025-06-04

Corporate Action: Merger

Type: Update

Accession Number: 000143774925019391

Filing Summary: On June 3, 2025, Eagle Bancorp Montana, Inc. was notified that its independent registered public accounting firm, Moss Adams LLP, has merged with Baker Tilly US, LLP. Effective from June 3, 2025, the combined audit practices will operate under the name Baker Tilly US, LLP. Following this merger, Moss Adams has resigned as the auditors of Eagle Bancorp, and the Audit Committee has approved Baker Tilly as the successor auditor. Despite the transition, Moss Adams' audit reports for the years 2024 and 2023 did not issue adverse opinions. However, a material weakness in internal control over financial reporting was noted, relating to how borrowings were classified. This material weakness remains unremediated. The Audit Committee discussed the reportable event with Moss Adams, allowing Baker Tilly to inquire further into the internal control weaknesses identified.