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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15 (d) of the
Securities Exchange Act of 1934
July 21, 1998
Date of Report (Date of earliest event reported)
First Oak Brook Bancshares, Inc.
(Exact name of registrant as specified in its charter)
Delaware 0-14468 36-3220778
(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
1400 Sixteenth Street, Oak Brook, IL 60523
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (630) 571-1050
ITEM 4. Changes in Registrant's Certifying Accountants.
On July 21, 1998 the Board of Directors approved the recommendation by the
Audit Committee of the Board of Directors to (i) engage KPMG Peat Marwick LLP as
the independent accountants for First Oak Brook Bancshares, Inc. and (ii)
dismiss Ernst & Young LLP as such independent accountants.
In connection with the audits of the two fiscal years ended December 31, 1997
and the subsequent interim period through July 21, 1998 (i) there were no
disagreements with Ernst & Young LLP on any matter of accounting principles or
practices, financial statement disclosure, or auditing scope or procedures,
which disagreements, if not resolved to their satisfaction, would have caused
them to make reference to the matter in their report, and (ii) there were no
reportable events as that term is described in Item 304 (a) (l) (v) of
Regulation S-K.
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The accountants' report of Ernst & Young LLP on the consolidated financial
statements of First Oak Brook Bancshares, Inc. and its subsidiaries as of and
for the years ended December 31, 1997 and December 31, 1996 did not contain an
adverse opinion or disclaimer, and was not qualified or modified as to
uncertainty, audit scope, or accounting principles.
The Company has requested Ernst & Young LLP to furnish it a letter addressed to
the Commission stating whether it agrees with the above statement. A copy of
that letter, dated July 27, 1998 is filed as Exhibit A to this Form 8-K.
SIGNATURE
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.
FIRST OAK BROOK BANCSHARES, INC.
Date: July 27, 1998 By: /s/ Rosemarie Bouman
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Rosemarie Bouman
Vice President and Chief Financial Officer
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EXHIBIT A TO FORM 8-K
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, DC 20549
Gentlemen:
We have read Item 4 of Form 8-K dated July 27, 1998, of First Oak Brook
Bancshares, Inc. and are in agreement with the statements contained in
paragraphs 2 and 3 on page 1 and 2 therein. We have no basis to agree or
disagree with other statements of the registrant contained therein.
/s/ Ernst & Young LLP
July 27, 1998
Chicago, Illinois
