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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) February 26,1998
PATRIOT BANK CORP.
(Exact name of registrant as specified in its charter)
Delaware 0-26744 23-2820537
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Ident. No.)
High and Hanover Streets, Pottstown Pennsylvania 19464
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (610) 323-1500
N/A
(Former name or former address, if changed since last report.)
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Item 4. Changes in Registrant's Certifying Accountant.
On February 26, 1998, the Board of Directors of Patriot
Bank Corp. (the "Company") engaged KPMG Peat Marwick LLP as the
Company's independent auditors for the fiscal year ending
December 31, 1998. The Company interviewed several independent
accounting firms before selecting KPMG Peat Marwick LLP. The
decision to change the Company's accountants was recommended by
the Audit Committee of the Company's Board of Directors.
The Company did not have any disagreements with the
Company's former accountants on any matter of accounting
principles or practices, financial statement disclosure, or
auditing scope or procedure during the Company's last two fiscal
years or any subsequent interim period. The prior accountant's
reports on the Company's financial statements for the years ended
December 31, 1996 and 1997 did not contain an adverse opinion or
a disclaimer of opinion, nor were such reports qualified or
modified as to uncertainty, audit scope, or accounting
principles.
The Company did not consult with KPMG Peat Marwick LLP
on any matter during the Company's two most recent fiscal years.
Item 7. Financial Statements and Exhibits.
(c) Exhibits
Exhibit 16.1 - Letter of Grant Thornton LLP re change
in accountants.*
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* To be filed by amendment.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act
of 1934, the registrant has duly caused this report to be signed
on its behalf by the undersigned hereunto duly authorized.
PATRIOT BANK CORP.
Dated: March 4, 1998
By /s/ Richard A. Elko
Richard A. Elko
Executive Vice President and
Chief Financial Officer
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EXHIBIT INDEX
Exhibit Number
16.1 Letter of Grant Thornton LLP re change in accountants.*
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* To be filed by amendment.
