Somerset Hills Bancorp Announces Change in Principal Accountants
05 Avril 2006 - 9:57PM
PR Newswire (US)
BERNARDSVILLE, N.J., April 5 /PRNewswire-FirstCall/ -- Somerset
Hills Bancorp (NASDAQ:SOMHNASDAQ:SOMHW) announced today that
effective March 30, 2006, the Company dismissed KPMG LLP and
appointed Crowe Chizek and Company LLC as its principal
accountants. KPMG's audit reports on the Company's financial
statements as of and for the fiscal years ended December 31, 2005
and December 31, 2004 did not contain an adverse opinion,
disclaimer of opinion, or qualification or modification as to
uncertainty, audit scope, or accounting principles. Somerset Hills
Bancorp is a bank holding company formed in January 2001 to own all
of the common stock of Somerset Hills Bank, a full service
commercial bank with offices in Bernardsville, Mendham, Morristown,
and Summit, New Jersey. It has announced plans to open three
additional offices in Madison, Stirling and Long Valley. Somerset
Hills Bank focuses its lending activities on small to medium sized
businesses, high net worth individuals, professional practice, and
consumer and retail customers. The Bank operates a licensed
mortgage company subsidiary, Sullivan Financial Services, Inc. and
also operates Somerset Hills Wealth Management Services, LLC., a
wholly owned subsidiary licensed to provide financial services
including financial planning, insurance (life, health, property and
casualty), mutual funds and annuities for individuals and
commercial accounts, and Somerset Hills Title Group, LLC, which,
with its partner, Property Title Group, provides title services in
connection with the closing of real estate transactions. The common
stock of the Company is traded on NASDAQ under the symbol SOMH and
the Company's warrants to purchase common stock are traded on
NASDAQ under the symbol SOMHW. You can visit our website at
http://www.somersethillsbank.com/. DATASOURCE: Somerset Hills
Bancorp CONTACT: Stewart E. McClure, Jr., President and Chief
Executive Officer, +1-908-630-5000, or Gerard Riker, Executive Vice
President and Chief Financial Officer +1-908-630-5018, both of
Somerset Hills Bancorp Web site: http://www.somersethillsbank.com/
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