UNITED STATES
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:) April 24, 1996
FINANCIAL TRUST CORPORATION
- -------------------------------------------------------------------------------
(Exact name of registrant as specified in its charter)
Pennsylvania 0-10756 23-2229155
- ---------------------------- -------------- -----------------
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
1415 Ritner Highway, P.O. Box 220, Carlisle, Pennsylvania 17013
- --------------------------------------------------------- ----------------
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (717) 243-8003
---------------
<PAGE>
ITEM 1. CHANGES IN CONTROL OF REGISTRANT
Not Applicable
ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS
Not Applicable
ITEM 3. BANKRUPTCY OR RECEIVERSHIP
Not Applicable
ITEM 4. CHANGES IN REGISTRANTS CERTIFYING ACCOUNTANT
(a) On April, 24, 1996, the Corporation's Board of Directors
hired Beard & Company Inc., Certified Public Accountants
with its principal office at One Park Plaza, P.O. Box 311,
Reading, Pennsylvania, 19603, to replace Ernst & Young LLP
as the Corporation's independent accountants for 1996.
(b) In connection with the audits conducted by Ernst & Young LLP
of the Corporation for each of the two fiscal years ended
December 31, 1994 and 1995 and in the subsequent interim
period, there were no disagreements with Ernst & Young LLP
on any matters of accounting principles or practices,
financial statement disclosure, or auditing scope and
procedures which, if not resolved to the satisfaction of
Ernst & Young LLP, would have caused Ernest & Young LLP
to make reference to the matter in their report.
(c) Ernst & Young LLP's report on the Corporation's consolidated
financial statements for fiscal years 1994 and 1995 did not
contain an adverse opinion or a disclaimer of opinion and
were not qualified or modified as to uncertainty, audit
scope or accounting principles. Ernst & Young LLP furnished
a letter addressed to the Securities and Exchange Commission
stating that they agree with the statements made by the
registrant in response to this item. This letter is attached
as Exhibit 16 under Item 7(c).
(d) The decision to change accountants was recommended by the
Audit Committee of the Board of Directors of Financial Trust
Corp and unanimously approved by the Corporation's Board of
Directors.
ITEM 5. OTHER EVENTS
Not Applicable.
ITEM 6. RESIGNATIONS OF REGISTRANT'S DIRECTORS
Not Applicable.
<PAGE>
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(a) Not Applicable
(b) Not Applicable
(c) Exhibit 16 -- Ernst & Young LLP. Letter dated May 1, 1996
ITEM 8. CHANGE IN FISCAL YEAR
Not Applicable.
ITEM 7(c) Exhibit 16
Ernst & Young LLP Central Pennsylvania Practice Phone: 717-232-7575
300 Locust Court Phone: 610-320-3600
212 Locust Street Fax: 717-232-6797
Harrisburg, Pennsylvania 17101
May 1, 1996
Securities and Exchange Commission
450 Fifth Stree, N.W.
Washington, D.C. 20549
Gentlemen:
We have read Item 4 of Form 8-K dated April 30, 1996, of Financial Trust Corp.
and are in agreement with the statements contained in paragraphs (b) and (c)
therein. We have no basis to agree or disagree with other statements of the
registrant contained therein.
Ernst & Young LLP
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.
Financial Trust Corporation
-----------------------------------------
(Registrant)
By: /s/ Bradley S. Everly
--------------------------------------
(Signature)
May 6, 1996 Bradley S. Everly
(Date) Senior Vice President and
Chief Financial Officer
