BKD pulls out as First Indiana auditor

July 17, 2007
First Indiana Corp. said today it would delay its second-quarter earnings release because BKD LLP has withdrawn as its auditor. The release had been scheduled on July 19.

BKD was hired June 4 when First Indiana announced it had booted KPMG LLP as auditor. On July 9, Milwaukee-based Marshall & Ilsley Corp. said it would buy First Indiana. First Indiana said today that BKD refused to fill in until the $529 million sale closes.

Marshall & Ilsley uses Deloitte & Touche as its auditor.

Second-quarter results won't be available until First Indiana finds a replacement for BKD, the bank said.

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