<PAGE>
AMENDED
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) March 27, 2000
---------------------------------------------------------------
SUMMIT BANCSHARES. INC.
-----------------------
(Exact Name of Registrant as Specified in Its Charter)
CALIFORNIA
----------
(State or Other Jurisdiction of Incorporation)
0-11108 94-2767067
------- ----------
(Commission File Number) (I.R.S. Employer Identification No.)
2969 Broadway, Oakland, California 94611
---------------------------------- -----
(Address of Principal Executive Offices) (Zip Code)
(510) 839-8800
--------------
(Registrant's Telephone Number, Including Area Code)
<PAGE>
ITEM 4. CHANGE IN REGISTRANT'S CERTIFYING ACCOUNTANT
Pursuant to Item 304(a) (1) and Item 304 (a) (3) the following information is
provided regarding a change in the principal accountant to audit the
registrant's financial statements.
On March 27, 2000, Summit Bancshares, Inc. dismissed PricewaterhouseCoopers LLP
as its independent accountants. The Registrant's Audit Committee participated in
and approved the decision to change independent accountants. The reports of
PricewaterhouseCoopers LLP on the financial statements for the past two fiscal
years contained no adverse opinion or disclaimer of opinion and were not
qualified or modified as to uncertainty, audit scope or accounting principle. In
connection with its audits for the two most recent fiscal years and through
March 27, 2000, there have been no disagreements with PricewaterhouseCoopers LLP
on any matter of accounting principles or practices, financial statement
disclosure, or auditing scope or procedure, which disagreements if not resolved
to the satisfaction of PricewaterhouseCoopers LLP would have caused them to make
reference thereto in their report on the financial statements for such years.
The Registrant has requested that PricewaterhouseCoopers LLP furnish it with a
letter addressed to the SEC stating whether or not it agrees with the above
statements. A copy of such letter, dated April 13, 2000 is filed as Exhibit 99.1
to this Form 8-K/A.
On the recommendation of the Company's Audit Committee, Arthur Andersen LLP will
be recommended to the Company's shareholders at its May 16, 2000 annual meeting
to be its new principal accountant to audit its financial statements. At no time
during the registrant's two most recent years and any subsequent period prior to
engaging the new accountants did the registrant consult with Arthur Andersen LLP
regarding the application of accounting principles to a specific transaction,
either completed or proposed; or the type of audit opinion that might be
rendered on the registrant's financial statements, and neither a written report
was provided to the registrant or oral advice was provided that the new
accountant concluded was an important factor considered by the registrant in
reaching a decision as to the accounting, auditing or financial reporting issue.
In addition, there were no reportable events as defined in Regulation S-K, Item
304(a) (1) (v) (A-D).
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, in the city of Oakland, state of
California on April 13, 2000.
Summit Bancshares, Inc
/s/ C. M. Ziemann
C. M. Ziemann
Vice President
<PAGE>
EXHIBIT 99.1
April 13, 2000
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
Commissioners:
We have read the statements made by Summit Bancshares, 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/A report dated March 27, 2000, as
amended on April 13, 2000. We agree with the statements concerning our Firm in
such Form 8-K/A.
We have no basis to conclude whether the Company consulted with other
accountants.
Very truly yours,
PricewaterhouseCoopers LLP
