MECH FINANCIAL INC
8-K/A, 1998-04-02
SAVINGS INSTITUTIONS, NOT FEDERALLY CHARTERED
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<PAGE>
 
                      SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, DC 20549
                        ______________________________

                                   FORM 8-KA

                                CURRENT REPORT
                    PURSUANT TO SECTION 13 OR 15(D) OF THE
                      SECURITIES AND EXCHANGE ACT OF 1934
                                        

Date of Report: April 2, 1998



MECH FINANCIAL, INC.
Exact name of registrant as specified in its charter

 
   STATE OF CONNECTICUT           000-23557                       06-1500984
- --------------------------------------------------------------------------------
State or other jurisdiction    Commission File                   IRS Employer
     of Incorporation              Number                    Identification No.
 



   100 PEARL STREET
     HARTFORD, CT                                                    06103
- --------------------------------------------------------------------------------
Address of principal executive offices                             (Zip Code)


Registrant's phone number:  (860) 293-4000
<PAGE>
 
                                    ITEM 4.
                 CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT


Consistent with the Company's prior disclosure on Form 8-K dated January 23,
1998, KPMG Peat Marwick, L.L.P. has succeeded Coopers & Lybrand L.L.P., who
declined to stand for re-election, as independent auditors for the fiscal year
ending December 31, 1998.  A copy of the letter from Coopers & Lybrand L.L.P.
indicating their engagement has ended is attached as exhibit 1.

The report on the financial statements for the two most recent fiscal years by
Coopers & Lybrand L.L.P. did not contain an adverse opinion or a disclaimer of
opinion and was not qualified or modified as to any uncertainty, audit scope or
accounting principles.  There were no disagreements between Coopers & Lybrand
L.L.P. and the management of MECH Financial, Inc. or its subsidiaries including
Mechanics Savings Bank on accounting policies or procedures, financial statement
disclosure or auditing scope or procedure.




                                   Signatures

Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has caused the report to be signed on its behalf by the undersigned
hereunto duly authorized.

                                          MECH Financial, Inc.
                                          --------------------
                                          Registrant


Date: April, 2, 1998                      By: /s/ Thomas M. Wood
      --------------                          ------------------
                                              Thomas M. Wood, Executive Vice
                                              and Treasurer


<PAGE>
 
MECH Financial, Inc.
Exhibit 1

April 2, 1998

Mr. Thomas M. Wood
Executive Vice President and Treasurer
MECH Financial, Inc.
100 Pearl Street
Hartford, CT  06103


Dear Mr. Wood:

This is to confirm that the client-auditor relationship between MECH Financial,
Inc. and Coopers & Lybrand L.L.P. has ceased.

Sincerely,

/s/ Coopers & Lybrand L.L.P.

Coopers & Lybrand L.L.P.


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