other material
confidence high
sentiment neutral
materiality 0.45
Magnolia Bancorp, Inc. (MGNO): auditor change — Magnolia Bancorp replaces EisnerAmper with Mauldin & Jenkins as auditor for 2026
Magnolia Bancorp, Inc.
- On Jan 22, 2026, company notified EisnerAmper LLP it would not be re-hired for 2026; EisnerAmper will complete the 2025 audit.
- Audit Committee approved the change; no disagreements with EisnerAmper on accounting principles or audit scope.
- Material weaknesses in internal control over financial reporting were previously disclosed in the 2024 Form 10-K.
- New auditor Mauldin & Jenkins, LLC selected for 2026, subject to client acceptance and engagement letter.