Item 4.01
Change in Registrant’s Certifying Accountant.
(a) Dismissal of Independent Registered Public Accounting Firm.
On March 15, 2018, BCB Bancorp, Inc. (the “Company”) dismissed
Baker Tilly Virchow Krause LLP
(“Baker Tilly”) as the Company's independent registered public accounting firm. The decision to change the Company's independent registered public accounting firm was the result of a request for proposal process in which the Audit Committee of the Company's Board of Directors conducted a comprehensive, competitive process to select the independent registered public accounting firm, and which action was ratified by the Board of Directors.
The audit reports of Baker Tilly on the consolidated financial statements of the Company as of and for each of the two most recent fiscal years ended December 31, 2017 and December 31, 2016 did not contain an adverse opinion or a disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope or accounting principles.
During the Company's two most recent fiscal years ended December 31, 2017 and December 31, 2016 and during the subsequent interim period from January 1, 2018 through March 15, 2018, (i) there were no disagreements with Baker Tilly on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedures that, if not resolved to Baker Tilly's satisfaction, would have caused Baker Tilly to make reference to the subject matter of the disagreement in connection with its reports and (ii) there were no “reportable events” as defined in Item 304(a)(1)(v) of Regulation S-K.
The Company provided Baker Tilly with a copy of the disclosures in this Current Report on Form 8-K prior to filing with the Securities and Exchange Commission (the “SEC”). The Company has requested that Baker Tilly issue a letter stating whether or not it agrees with the statements made above. A copy of Baker Tilly’s letter dated March 20, 2018 to the SEC is filed as Exhibit 16.1 to this Current Report on Form 8-K.
(b) Engagement of New Independent Registered Public Accounting Firm.
On March 15, 2018, the Audit Committee engaged
Wolf & Company, P.C.
("Wolf")
as the Company's independent registered public accounting firm for the year ending December 31, 2018.
During the two most recent fiscal years ended
December 31, 2017 and December 31, 2016
and during the subsequent interim period from
January 1, 2018 through March 15, 2018
, neither the Company nor anyone on its behalf consulted
Wolf
regarding either (i) 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, and neither a written report nor oral advice was provided to the Company that
Wolf
concluded was an important factor considered by the Company in reaching a decision as to any accounting, auditing or financial reporting issue, or (ii) any matter that was either the subject of a
“
disagreement
”
or a
“
reportable event
”
, each as defined in Regulation S-K Item 304(a)(1)(v), respectively.