Finwise Bancorp Form 8-K Summary
Business Context and Reporting Period
Finwise Bancorp (FINW), a Utah-based bank holding company, filed this Current Report on Form 8-K on June 3, 2025. The filing addresses a change in the company's independent registered public accounting firm.
Financial Metrics
This filing does not contain financial performance data. There are no disclosures regarding revenue, profit, cash flow, margins, debt, or liquidity metrics in this document.
Material Changes
The primary material change reported is the resignation of Moss Adams LLP as the Company's independent auditor and the appointment of Baker Tilly US, LLP as the successor firm. This transition occurred effective June 3, 2025, following the merger of Moss Adams LLP with Baker Tilly US, LLP.
Management Commentary and Risks
- Audit History: The audit reports issued by Moss Adams for the years ended December 31, 2024, and 2023 were unqualified and did not contain adverse opinions, disclaimers, or modifications regarding uncertainty, scope, or accounting principles.
- Disagreements: The Company reported no disagreements with Moss Adams regarding accounting principles, financial statement disclosures, or auditing scope/procedures during the 2023-2024 periods or the interim period through June 3, 2025.
- Consultations: The Company confirmed it did not consult with Baker Tilly regarding accounting applications or potential audit opinions prior to this appointment.
- Contingencies: No reportable events requiring disclosure under Item 304(a)(1)(v) of Regulation S-K were identified.
Key Facts for Investor Verification
- Verify the effective date of the auditor transition (June 3, 2025) and the new firm name (Baker Tilly US, LLP).
- Confirm the absence of any disagreements or reportable events with the former auditor (Moss Adams LLP) as stated in the filing.
- Review the letter from Moss Adams LLP (Exhibit 16.1) to ensure they concur with the Company's statements regarding the change.
- Note that this filing contains no financial results; refer to the most recent 10-K or 10-Q for financial performance data.