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AMENDED
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) February 15, 2000
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SUMMIT BANCSHARES. INC.
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(Exact Name of Registrant as Specified in Its Charter)
CALIFORNIA
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(State or Other Jurisdiction of Incorporation)
0-11108 94-2767067
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(Commission File Number) (I.R.S. Employer Identification No.)
2969 Broadway, Oakland, California 94611
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(Address of Principal Executive Offices) (Zip Code)
(510) 839-8800
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(Registrant's Telephone Number, Including Area Code)
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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 February 15, 2000 PricewaterhouseCoopers LLP informed the registrant that
they are no longer providing accounting services for community banks and that
the last year in which they will provide services to the registrant will be for
the year 1999. PricewaterhouseCoopers LLP's last two years reports did not
contain an adverse opinion or disclaimer of opinion nor were they qualified or
modified as to uncertainty, audit scope, or accounting principles. The decision
to discontinue accounting services to the registrant was made by
PricewaterhouseCoopers LLP as a policy matter and not as result of services
performed for the registrant. During the registrant's two most recent fiscal
years and any subsequent interim period through February 28, 2000, there were no
disagreements with the former accountant on any matter of accounting principles
or practices, financial statements disclosure, or auditing scope or procedure
which disagreement(s), if not resolved to the satisfaction of
PricewaterhouseCoopers LLP, would have caused it to make reference to the
subject matter of the disagreement.
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 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 March 20, 2000.
Summit Bancshares, Inc
C. M. Ziemann
Vice President
