SECURITIES EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Amendment No. 3
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act
1934
Date of Report: December 23, 1997
MARATHON BANCORP
(Exact name of registrant as specified in its charter)
CALIFORNIA
(State of jurisdiction of incorporation)
0-12510
(Commission File Number)
95-3770539
(IRS Employer Identification No.)
11150 West Olympic Boulevard, Los Angeles, CA 90064
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: 310-996-9100
Page 1
Item 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTS
On October 20, 1997, the Board of Directors approved the
recommendation of the Audit Committee of the Board of Directors
to (i) engage Vavrinek, Trine, Day & Co., LLP as the independent
accountants for Marathon Bancorp and (ii) dismiss Deloitte &
Touche LLP as such independent accountants subject to the
Board's Executive Committee giving their final approval after
meeting with the partner assigned. The Executive Committee met
on October 27, 1997 with Vavrinek, Trine, Day & Co., LLP and
gave their approval.
During the fiscal year ended December 31, 1996 and the
subsequent interim period through September 30, 1997, (i) there
were no disagreements with Deloitte & Touche LLP on any matter of
accounting principles or practices, financial statement
disclosure, or auditing scope or procedures, which disagreements
if not resolved to its satisfaction would have caused it to make
reference in connection with its report to the subject matter of
the disagreement. During the fiscal year of 1995 there was a disagreement
with Deloitte & Touche LLP on the market valuation of two of the
Company's other real estate owned properties. The Deloitte Touche valuation
was less and Deloitte & Touche felt it could not issue an opinion on the
December 31, 1995 financials unless the lower valuation was used. The
disagreement was settled with the Company accepting and using the lower
valuation. There were no other disagreements on any other matter of
accounting principles or practices, financial statement disclosure,
or auditing scope or procedures and
(ii) Deloitte & Touche LLP has not advised
the registrant of any reportable events as defined in paragraph
(A) through (D) of Regulation S-K Item 304 (a) (1) (v).
The accountants' report of Deloitte & Touche LLP on the
consolidated financial statements of Marathon Bancorp and
subsidiary as of and for the years ended December 31, 1995 and
December 31, 1996 did not contain any adverse opinion or
disclaimer of opinion, and was not qualified or modified as to
uncertainty, audit scope, or accounting principles. A letter
from Deloitte & Touche LLP is attached as Exhibit 1.
Item 7. FINANCIAL STATEMENTS AND EXHIBITS.
A. Exhibits:
Exhibit 16. Letter re change in certifying
accountants.
Page 2
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 authority.
__December 23, 1997_
Date
__Marathon Bancorp__
(Registrant)
Craig Collette, President & C.E.O.
(Signature)
Page 3
DELOITTE & TOUCHE LLP
1000 Wilshire Boulevard
Los Angeles, California 90017-2472
December 23, 1997
Securities and Exchange Commission
Mail Stop 9-5
450 5th Street, NW
Washington, DC 20549
Dear Sires/Madams:
We have read the comments in Item 4 of Form 8-K of Marathon Bancorp (the
"Company") dated December 23, 1997 and have the following comments:
- - We have no basis to agree or disagree with the statements made in the first
paragraph.
- - We agree with the statements made in the second and third paragraphs.
Your truly,
Deloitte & Touche LLP
cc: Mr. Craig D. Collette
President and Chief Executive Officer
Marathon Bancorp
