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)
March 17, 1998
SFSB HOLDING COMPANY
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(Exact name of Registrant as specified in its Charter)
Pennsylvania 0-23765 23-2934332
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(State or other jurisdiction (SEC File No.) (IRS Employer
of incorporation) Identification
Number)
900 Saxonburg Boulevard, Pittsburgh, Pennsylvania 15223
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (412) 487-4200
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Not Applicable
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(Former name or former address, if changed since last Report)
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SFSB HOLDING COMPANY
INFORMATION TO BE INCLUDED IN REPORT
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Item 4. Changes in Registrant's Certifying Accountant
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On March 17, 1998, the board of directors of the registrant determined
to engage S.R. Snodgrass, A.C. as its independent auditors for the fiscal year
ended December 31, 1997. On March 20, 1998, the registrant orally notified
LaFrance, Walker, Jackley & Saville, LLP ("LWJS"), its independent auditors for
the fiscal years ended December 31, 1996 and 1995, of this determination and
that LWJS would not continue to be engaged for the fiscal year ending December
31, 1997. On March 10, 1998, the registrant had orally advised LWJS that the
board of directors of the registrant would likely consider this matter during a
meeting on March 17, 1998. The determination to replace LWJS was approved by the
full board of directors of the registrant.
The reports of LWJS for the fiscal years ended December 31, 1996 and
1995 contained no adverse opinion or disclaimer of opinion and were not
qualified or modified as to uncertainty, audit scope or accounting principles.
During the fiscal years ended December 31, 1996 and 1995 and during the period
from December 31, 1996 to March 17, 1998, there were no disagreements between
the registrant and LWJS concerning accounting principles or practices, financial
statement disclosure, or auditing scope or procedure.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
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(c) Exhibits:
Exhibit No. 16 - Letter regarding change in certifying accountant
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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, thereunto duly authorized.
SFSB HOLDING COMPANY
Date: March 23, 1998 By: /s/ Barbara J. Mallen
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Barbara J. Mallen
President
EXHIBIT 16
LETTER REGARDING CHANGE IN CERTIFYING ACCOUNTANT
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[LaFrance, Walker, Jackley & Saville, LLP letterhead]
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
Pursuant to 17 C.F.R. ss.228.304(a)(3), we have reviewed the language
under the heading "Item 4. Changes in Registrant's Certifying Accountant" in the
Current Report on Form 8-K, dated March 17, 1998, to be filed with the
Securities and Exchange Commission by SFSB Holding Company. We agree with the
statements contained therein. However, aside from the receipt of notification of
such action, we have no basis for making a determination whether the board of
directors met concerning this matter.
LaFrance, Walker, Jackley & Saville, LLP
/s/ LaFrance, Walker, Jackley & Saville, LLP
March 23, 1998
Bridgeville, Pennsylvania
