City Bank Selects New Audit Firm, BDO Seidman, LLP
July 14 2009 - 6:54PM
Business Wire
City Bank (NASDAQ:CTBK) announced today the selection of BDO
Seidman, LLP (BDO Seidman) to audit the Bank�s financial statements
for the year ended December 31, 2009. BDO Seidman is one of the
largest national CPA firms, and the firm has two offices in
Washington State serving other community banks with asset size in
excess of $1 billion. Conrad Hanson, President and CEO stated, �We
are pleased to immediately begin working with BDO Seidman, a firm
with national and local expertise to serve our needs.� BDO Seidman
will also perform a quarterly review of the Bank�s financial
statements for the six months ended June 30, 2009. The Bank expects
to file its Quarterly Report on Form 10-Q on August 10, 2009.
About BDO Seidman
BDO Seidman, LLP is a national professional services firm
providing assurance, tax, financial advisory and consulting
services to a wide range of publicly traded and privately held
companies. Guided by core values including, competence, honesty and
integrity, professionalism, dedication, responsibility and
accountability for almost 100 years, the firm provides quality
service and leadership through the active involvement of
experienced and committed professionals.
BDO Seidman serves clients through 38 offices and more than 400
independent alliance firm locations nationwide. BDO Seidman is a
Member Firm of BDO International, a worldwide network of public
accounting firms, serving multi-national clients through a global
network of 1,095 offices in 110 countries. Each Member Firm is an
independent legal entity in its own country.
About City Bank
City Bank is a state-chartered commercial bank founded in 1974
and headquartered in Lynnwood, Washington. The Bank is publicly
traded (NASDAQ: CTBK), with total assets as of March 31, 2009 of
$1.37 billon, and many of the stockholders are local individuals.
Eight banking offices serve both Snohomish and North King counties.
Three mortgage loan offices serve Snohomish, King, Pierce and Clark
counties. City Bank provides a wide range of banking services for
business and individuals, including loans for residential
construction, land development, mortgage, commercial, Small
Business Administration, consumer, and all types of deposits as
well as other general banking services.
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