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):
October 30, 1998
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CENTENNIAL BANCORP
(Exact name of registrant as specified in its charter)
Oregon
(State or other jurisdiction of incorporation)
0-10489
(Commission File No.)
93-0792841
(IRS Employer Identification No.)
675 Oak Street
Eugene, Oregon 97401
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code:
(541) 342-3970
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Item 4. Changes in Registrant's Certifying Accountant
(a) Effective October 30, 1998, Centennial Bancorp ("Bancorp") dismissed
its prior independent accountant, PricewaterhouseCoopers LLP ("PWC").
The decision to change accountants was approved by Bancorp's Board of
Directors.
PWC's reports on Bancorp's financial statements for the last two fiscal
years did not contain an adverse opinion or disclaimer of opinion, nor
were they qualified or modified as to uncertainty, audit scope or
accounting principles.
During the audits for the last two fiscal years and through the
subsequent interim periods to the date hereof, there were no
disagreements between Bancorp and PWC on any matters of accounting
principles or practices, financial statement disclosure, or auditing
scope or procedure, which disagreements, if not resolved to the
satisfaction of PWC, would have caused it to make a reference to the
subject matter of the disagreements in connection with its reports.
Bancorp has requested that PWC furnish it with a letter addressed to
the Securities and Exchange Commission stating whether or not it agrees
with the above statements. A copy of such letter will be filed as
Exhibit 16 to this Form 8-K.
(b) Effective October 30, 1998, Bancorp engaged Symonds, Evans & Larson,
P.C. as its principal accountant. During the last two fiscal years and
the subsequent interim period to the date hereof, Bancorp did not
consult Symonds, Evans & Larson, P.C. regarding any of the matters or
events set forth in Item 304(a)(2)(i) and (ii) of Regulation S-K.
Item 7. Financial Statements and Exhibits
(c) Exhibits
(16) Letter dated November 5, 1998 from PricewaterhouseCoopers LLP to
the Securities and Exchange Commission.
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 hereunto duly authorized.
CENTENNIAL BANCORP
(Registrant)
Date: November 5, 1998 By: /s/ Michael J. Nysingh
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Michael J. Nysingh
Chief Financial Officer
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EXHIBIT INDEX
16 Letter dated November 5, 1998 from PricewaterhouseCoopers LLP to the
Securities and Exchange Commission.
PricewaterhouseCoopers LLP
400 Country Club Road
Suite 300
P.O. Box 1600
Eugene, Oregon 97440-1600
Securities and Exchange Commission
450 Fifth Street, NW
Washington, D.C. 20549
November 5, 1998
Subject: Letter Agreeing with the Statements in Form 8-K
Gentlemen:
We have read the statements made by Centennial Bancorp (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 dated October 30, 1998. We agree with the
statements concerning our Firm in such Form 8-K.
Very truly yours,
/s/ PricewaterhouseCoopers LLP
