FORM 8-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
CURRENT REPORT
Pursuant to Section 13 or 15 (d) of
the Securities Act of 1934
Date of Report (Date of earliest event reported)
March 6, 1995
LIBERTY BANCORP, INC.
Oklahoma 0-12709 73-1218204
(State or other (Commission (I.R.S. Employer
jurisdiction of File Number) Identification Number)
incorporation)
100 North Broadway
Oklahoma City, OK 73102
(Address of principal executive offices)
(Zip Code)
(405) 231-6000
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ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT.
Since 1971, Ernst & Young LLP, independent public accountants, served as the
independent auditors of certain subsidiaries (principally Liberty Mortgage
Company and subsidiaries, "LMC") of Liberty Bancorp, Inc. (the "Company"). LMC
is an operating subsidiary of Liberty Bank and Trust Company of Oklahoma City,
N.A. On March 6, 1995 that firm's appointment as independent auditor of LMC
terminated and Arthur Andersen LLP, the Company's principal accountant since
1971, was engaged as independent auditor for LMC. In its reports on the
consolidated financial statements of the Company, Arthur Andersen LLP expressed
reliance on the reports of Ernst & Young LLP. The decision to change
accountants was approved by the audit committee of the board of directors.
In connection with the audits of the consolidated financial statements of LMC
for the two years ended December 31, 1994, and in the subsequent interim
period, 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 subject matter of the
disagreement in connection with their opinion or reports.
The audit reports of Ernst & Young LLP on the consolidated financial statements
of LMC as of and for the years ended December 31, 1994 and 1993 did not contain
any adverse opinion or disclaimer of opinion, nor were they qualified or
modified as to uncertainty, audit scope, or accounting principles. A letter
from Ernst & Young LLP is attached as Exhibit 16.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
The following exhibit is filed as a part of this report
Exhibit Description
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16 Letter from Ernst & Young LLP
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 thereunto duly authorized.
LIBERTY BANCORP, INC.
/S/ Mischa Gorkuscha
-------------------------
Mischa Gorkuscha
Senior Vice-President and
Chief Financial Officer
Dated March 6, 1995
EXHIBIT 16
March 8, 1995
Securities and Exchange Commission
450 Fifth Street N.W.
Washington, DC 20549
Gentlemen:
We have read Item 4 of Form 8-K dated March 6, 1995, for Liberty Mortgage
Company, a subsidiary of Liberty Bancorp, Inc., and are in agreement with the
statements contained therein.
Ernst & Young LLP
