Capital Corp of the West Hires New Auditors.MERCED, Calif. -- Capital Corp of the West (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :CCOW CCOW Clinical Context Object Workgroup CCOW Channel Control Order Wire CCOW Control Channel Order Wire CCOW Contributing to Coalition Operations Worldwide CCOW Computer Care on Wheels (Brantford, Ontario, Canada) ), the holding company for County Bank ("the Bank"), announced today that effective May 2, 2008 the Bank's Audit committee has appointed Perry-Smith LLP as its financial auditors to replace KPMG KPMG Klynveld Peat Marwick Goerdeler (accounting firm) KPMG Kaiser Permanente Medical Group KPMG Keiner Prüft Mehr Genau (German) KPMG Kommen Prüfen Meckern Gehen , which resigned when it learned the Company was considering changing financial auditors. According to Michael Graves, Chairman of the Audit Committee, "The bank had been considering a change in auditors and recently issued a request for proposals. KPMG decided not to participate in the RFP (Request For Proposal) A document that invites a vendor to submit a bid for hardware, software and/or services. It may provide a general or very detailed specification of the system. 1. (business) RFP - Request for Proposal. 2. process and to terminate the current engagement." With more than 100 staff members, Perry-Smith LLP is the largest regional accounting firm in Northern California with offices in San Francisco, Sacramento and Roseville. Reference Information Capital Corp of the West, a bank holding company established November 1, 1995, is the parent company of County Bank, which has over 30 years of service as "Central California's Community Bank." Currently, County Bank has forty branch offices serving thirteen counties in California The U.S. state of California is divided into fifty-eight counties. Counties are responsible for all elections, property-tax collection, maintenance of public records such as deeds, and local-level courts within their borders, as well as providing law enforcement (through the county . Its primary concentration is in the Central Valley of California. As of the latest FDIC FDIC See: Federal Deposit Insurance Corporation FDIC See Federal Deposit Insurance Corporation (FDIC). data, County Bank has a 7.29% market share in the six Central California counties in which it has a significant retail branch presence, ranking County Bank fifth out of forty-one financial institutions in that market area. For further information about the Capital Corp of the West, contact Thomas Smith, Director of Marketing at 209-725-4552. |
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