Florida accounting firms Saltmarsh, Cleaveland & Gund and Stogniew & Associates are combining, effective Oct. 1.

The merger will increase the two firms’ ability to provide internal audit, loan review and compliance-consulting services to financial institutions. “We have continued to expand in our services to the community banking sector and we have a complementary service offering,” said Saltmarsh shareholder Lee Bell. “They are a bank-consulting firm. A large part of our business is bank accounting and consulting.”

Stogniew’s firm has about 10 people, while Saltmarsh has approximately 120 employees. Both firms have offices in the Tampa area, and Stogniew’s employees will be moving into Saltmarsh’s offices there, including Stogniew executive director Kristen J. Stogniew, who will join Pensacola-based Saltmarsh’s Tampa office as a shareholder.

Financial details of the transaction were not disclosed.

Register or login for access to this item and much more

All Accounting Today content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access