Ameris Bancorp 8-K, filed Jun 15, 2021
Ameris Bancorp (ABCB)
8-K
2021-06-15
For: 2021-06-10
View Original
Added on
April 12, 2026
About this 8-K
Ameris Bancorp filed this 8-K on June 15, 2021, reporting on events of June 10, 2021.
Items reported
- Item 4.01: Change of auditor
- Item 9.01: Financial statements and exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
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Item 4.01 Changes in Registrant's Certifying Accountant.
On June 10, 2021, the Audit Committee of the Board of Directors of Ameris Bancorp (the “Company”) approved the selection of KPMG LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2021 and dismissed Crowe LLP as the Company’s independent registered public accounting firm. As of the date of this report, KPMG LLP is in the process of its standard client evaluation procedures and has not accepted the engagement.
The audit reports of Crowe LLP on the Company’s consolidated financial statements as of and for the years ended December 31, 2020 and 2019 did not contain an adverse opinion or a disclaimer of opinion, nor were they qualified or modified as to uncertainty, audit scope or accounting principles.
During the fiscal years ended December 31, 2020 and 2019, and through June 10, 2021, there have been no (a) disagreements with Crowe LLP on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which, if not resolved to Crowe LLP’s satisfaction, would have caused it to make reference to the subject matter of the disagreement in connection with its reports on the Company’s financial statements, or (b) any reportable events requiring disclosure pursuant to Item 304(a)(1)(v) of Regulation S-K, other than the material weakness in internal control over financial reporting that was previously reported in the Company’s Annual Report on Form 10-K for the year ended December 31, 2019, filed with the Securities and Exchange Commission (the “Commission”) on March 9, 2020, as amended on March 20, 2020 (as so amended, the “2019 10-K”). In the 2019 10-K, the Company disclosed that it did not maintain effective internal control over financial reporting as of December 31, 2019, based on the criteria established in Internal Control – Integrated Framework: (2013) issued by the Committee of Sponsoring Organizations of the Treadway Commission, because of the effects of a material weakness in internal control over financial reporting related to certain balance sheet reconciliations that was identified and included in Management’s Report on Internal Control Over Financial Reporting for the year ended December 31, 2019. As explained in Management’s Report on Internal Control Over Financial Reporting for the year ended December 31, 2019, subsequent to the conversion of Fidelity Bank’s core system to Ameris Bank’s core system on November 3, 2019, various reconciliations, which were principally related to the acquired indirect auto loan portfolio, were being prepared but reconciling items were not being researched and resolved in a timely manner. As stated in Management’s Report on Internal Control Over Financial Reporting for the year ended December 31, 2020, the remediation of this material weakness was completed in 2020, per the remediation plans disclosed in the 2019 10-K. The Audit Committee engaged in discussions regarding this material weakness and its remediation with Crowe LLP, who has been authorized by the Company to respond fully to inquiries of the Company’s successor accountant concerning this material weakness.
The Company has provided a copy of the foregoing disclosures to Crowe LLP and requested that Crowe LLP furnish the Company with a letter addressed to the Commission stating whether Crowe LLP agrees with the above statements. A copy of Crowe LLP’s letter to the Commission, dated June 15, 2021, is filed as Exhibit 16.1 to this Form 8-K.
During the fiscal years ended December 31, 2020 and 2019, and through June 10, 2021, neither the Company, nor anyone on its behalf, consulted with KPMG LLP regarding: (i) either 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 financial statements; or (ii) any matter that was either the subject of a “disagreement,” as described in Item 304(a)(1)(iv) of Regulation S-K, or any “reportable events,” as defined in Item 304(a)(1)(v) of Regulation S-K.
Item 9.01 Financial Statements and Exhibits.
| (d) | Exhibits. | ||||
| Letter from Crowe LLP to the Securities and Exchange Commission dated June 15, 2021 | |||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL Document | ||||
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
AMERIS BANCORP
| By: | /s/ Nicole S. Stokes | ||||
| Nicole S. Stokes | |||||
| Executive Vice President and Chief Financial Officer | |||||
Date: June 15, 2021
Exhibit 16.1
June 15, 2021
Office of the Chief Accountant
Securities and Exchange Commission
100 F Street, N. E.
Washington, D.C. 20549
Ladies and Gentlemen:
We have read Ameris Bancorp’s statements included under Item 4.01 of its Form 8-K dated June 15, 2021, and we agree with such statements, except that we are not in a position to agree or disagree with the Company’s statement that the audit committee approved the selection of KPMG LLP as the Company’s independent registered public accounting firm for the fiscal year December 31, 2021, the statement made in the last sentence of the 1st paragraph, and the statements made in the fifth paragraph.
/s/ Crowe LLP
Crowe LLP
Atlanta, Georgia
cc: Mr. Robert Lynch
Audit Committee Chairman
Ameris Bancorp