SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
______________________________
FORM 8-K
Current Report
Pursuant to Section 13 or 15(d) of the
Securities and Exchange Act of 1934
Date of Report: January 26, 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
ITEM 4.
CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
The Board of Directors and the Audit Committee for MECH
Financial, Inc. have recommended and approved the engagement
of services of KPMG Peat Marwick, LLP as the independent
auditors for MECH Financial Inc. and its subsidiaries for
the fiscal year ending December 31, 1998.
KPMG Peat Marwick, LLP will succeed Coopers & Lybrand, LLP,
who declined to stand for re-election, as independent
auditors upon completion of the 1997 audit. The report on
the financial statements for the two most recent fiscal
years by Coopers & Lybrand, LLP 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, LLP 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: January 23, 1998 By: /s/ Thomas M. Wood
Executive Vice President &
Treasurer
Exhibit Index
Exhibit 4.1 Letter of Coopers & Lybrand L.L.P. dated January 23, 1998
Exhibit 4.1
January 23, 1998
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D. C. 20549
Gentlemen:
We have read the statements made by MECH Financial, Inc.
(copy attached), which we understand will be filed with the
Commission, pursuant to Item 4 of Form 8-K, as part of the
Company's Form 8-K report for the month of January, 1998.
We agree with the statements concerning our Firm in such
Form 8-K. It should, however, be noted that our audit of
the financial statements for 1997 has not yet been
completed.
Very truly yours,
/s/ Coopers & Lybrand L.L.P.
