SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
AMENDMENT NO. 1
TO
FORM 8-K
Current Report Pursuant
to Section 13 or 15(d) of the
Securities and Exchange Act of 1934
Date of Report (Date of Earliest Event Reported): May 29, 1996
MICHIGAN FINANCIAL CORPORATION
(Exact Name of Registrant as Specified in its Charter)
MICHIGAN
(State or Other Jurisdiction of Incorporation)
0-7515 38-2011532 (I.R.S. Employer
(Commission File No.) Identification No.)
101 West Washington Street, Marquette, Michigan 49855
(Address of Principal Executive Offices)
49855
(Zip Code)
(906) 228-6940
(Registrant's Telephone Number, Including Area Code)
ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT.
a. On May 29, 1996, the board of directors of Michigan Financial
Corporation approved the dismissal of its certifying accountants, Ernst & Young,
LLP, to be effective May 29, 1996, and retained as its new certifying
accountant, Crowe, Chizek, and Co. LLP, for audit services beginning in 1996.
Ernst & Young's report on Michigan Financial Corporation's financial statements
during the two most recent fiscal years preceding the date hereof contained no
adverse opinion or a disclaimer of opinion, and was not qualified or modified as
to uncertainty, audit scope or accounting principles. The decision to change
accountants was recommended by Michigan Financial Corporation's Audit Committee.
During the last two fiscal years and the subsequent interim period to
the date hereof, there were no disagreements between Michigan Financial
Corporation and Ernst & Young, 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 Ernst & Young, LLP would
have caused it to make a reference to the subject matter of the disagreements in
connection with its report.
None of the "reportable events" described in Item 304(a)(1)(v)
occurred with respect to Michigan Financial Corporation within the last two
fiscal years and the subsequent interim period to the date hereof.
b. Effective May 29, 1996, Michigan Financial Corporation engaged
Crow, Chizek, and Co. LLP as its principal accountants for audit services for
the year ending December 31, 1996. During the last two fiscal years and the
subsequent interim period to the date hereof, Michigan Financial Corporation did
not consult Crowe, Chizek, and Co. LLP regarding any of the matters or events
set forth in Item 304(a)(2) of Regulation S-K.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act to 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
MICHIGAN FINANCIAL CORPORATION
August 23, 1996 By: /s/ Howard L. Cohodas
HOWARD L. COHODAS
Chairman and President
(Chief Executive Officer)
EXHIBIT 16
ERNST & YOUNG LLP [LOGO]
August 23, 1996
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
Dear Gentlemen:
We have read Item 4 of the Amended Form 8-K dated August 23, 1996, of Michigan
Financial Corporation and are in agreement with the statements contained in the
first, second, and third paragraphs of pages one and two therein. We have no
basis to agree or disagree with other statements of the registrant contained
therein.
/s/ Ernst & Young LLP
