SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K/A
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported) June 17, 1998
ONE VALLEY BANCORP, INC.
(Exact name of registrant as specified in its charter)
West Virginia 0-10042 55-0609408
(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
One Valley Square, Charleston, West Virginia 25326
(Address of principal executive offices)
(Zip Code)
(304) 348-7000
(Registrant's telephone number, including area code)
Not applicable
(Former name, address, and fiscal year, if changed since last report)
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One Valley Bancorp, Inc.
One Valley Bancorp, Inc. ("One Valley") hereby amends its current report
on Form 8-K dated June 17, 1998, to reflect the independent auditor's signature
on the report of independent auditors, as required by Rule 302 of Regulation
S-T, which was inadvertently omitted. The report of independent auditors was
included with the information under Item 5, Other Events.
Item 5. Other Events
Report of Independent Auditors
The Board of Directors and Shareholders
One Valley Bancorp, Inc.
We have audited the accompanying consolidated balance sheets of One Valley
Bancorp, Inc. and subsidiaries (One Valley) as of December 31, 1997 and 1996,
and the related consolidated statements of income, shareholders' equity, and
cash flows for each of the three years in the period ended December 31, 1997.
These financial statements are the responsibility of One Valley's management.
Our responsibility is to express an opinion on these financial statements based
on our audits. We did not audit the financial statements of FFVA Financial
Corporation and subsidiary, a wholly-owned subsidiary, which statements reflect
total assets constituting 11% in 1997 and 1996 and total income constituting
11% in 1997, 1996, and 1995 of the related consolidated totals. Those
statements were audited by other auditors whose report has been furnished to
us and our opinion, insofar as it relates to data included for FFVA Financial
Corporation and subsidiary, is based solely on the report of the other
auditors.
We conducted our audits in accordance with generally accepted auditing
standards. Those standards require that we plan and perform the audit to
obtain reasonable assurance about whether the financial statements are free of
material misstatement. An audit includes examining, on a test basis, evidence
supporting the amounts and disclosures in the financial statements. An audit
also includes assessing the accounting principles used and significant
estimates made by management, as well as evaluating the overall financial
statement presentation. We believe that our audits and the report of other
auditors provide a reasonable basis for our opinion.
In our opinion, based on our audits and the report of other auditors, the
consolidated financial statements referred to above present fairly, in all
material respects, the consolidated financial position of One Valley Bancorp,
Inc. and subsidiaries at December 31, 1997 and 1996, and the consolidated
results of their operations and their cash flows for each of the three years
in the period ended December 31, 1997, in conformity with generally accepted
accounting principles.
January 21, 1998, except for
Notes A, D, and M, as to which
the date is June 15, 1998
/S/ Ernst & Young LLP
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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.
One Valley Bancorp, Inc.
DATE January 11, 1999
BY /s/ Laurance G. Jones
Laurance G. Jones
(Executive Vice President &
Chief Financial Officer)
