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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) APRIL 9, 1999
ADMIRALTY BANCORP, INC.
(Exact name of registrant as specified in its charter)
DELAWARE 0-24891 65-0405207
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
4400 PGA BOULEVARD
PALM BEACH GARDENS, FLORIDA 33410
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (516) 624-4701
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Item 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT.
The Registrant announced that it is replacing Grant Thornton LLP as its
independent auditors. The Registrant anticipates retaining a "big five"
accounting firm to serve as its independent auditors for 1999. The decision to
replace Grant Thornton as auditors was recommended by the Registrant's Board of
Directors and Audit Committee. For the fiscal years ended December 31, 1998 and
1997 and up to the date of this report, there have been no disagreements with
Grant Thornton LLP, on any matter of accounting principles or practices,
financial statement disclosure or auditing scope or procedure which, if not
resolved to the satisfaction of Grant Thornton LLP, would have caused it to make
reference to the subject matter of the disagreement in connection with their
reports. The independent auditor's report on the consolidated financial
statements for the fiscal years ended December 31, 1998 and 1997 expressed an
unqualified opinion.
Item 7. EXHIBITS.
The following exhibit is filed with this Current Report on Form 8-K.
EXHIBIT NO. DESCRIPTION
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16 Letter from Grant Thornton LLP
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
Admiralty Bancorp, Inc., has duly caused this report to be signed on its behalf
by the undersigned thereunto duly authorized.
ADMIRALTY BANCORP, INC.
(Registrant)
Dated: April 12, 1999 By: /S/ WARD KELLOGG
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WARD KELLOGG
President and
Chief Executive Officer
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EXHIBIT INDEX
CURRENT REPORT ON FORM 8-K
EXHIBIT NO. DESCRIPTION PAGE NO.
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16 Letter from Grant Thornton LLP
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EXHIBIT 16
GRANT THORNTON LLP
April 12, 1999
Office of the Chief Accountant
SECPS Letter File
Securities and Exchange Commission
Mail Stop 11-3
450 Fifth Street, N.W.
Washington, D.C. 20549
Dear Office of the Chief Accountant:
We have read Item 4 included in the attached Form 8-K, dated April 9, 1999, of
Admiralty Bancorp, Inc., filed with the Securities and Exchange Commission and
are in agreement with the statements contained therein.
Very truly yours,
/s/ Grant Thornton LLP
GRANT THORNTON LLP
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