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): September 27, 1996
First Franklin Corporation
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(Exact name of registrant as specified in its charter)
Delaware 0-163621 31-1221029
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(State of (Commission (I.R.S. Employer
Incorporation) File No.) Identification No.)
401 East Court Street, Cincinnati, Ohio 43725
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code:
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(513) 721-1031
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FORM 8-K/A
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 REGISTRANT'S CERTIFYING ACCOUNTANT
The Board of Directors of First Franklin Corporation (the
"Corporation") has approved the selection of Clark, Schaefer, Hackett & Co. to
replace Coopers & Lybrand LLP as the Corporation's independent accountants
effective September 30, 1996. Coopers & Lybrand LLP served as the
Corporation's independent accountants for all fiscal years since its inception
in 1987. This change in accountants will result in a significant decrease in
the amount of annual audit fees paid by the Corporation.
The Coopers & Lybrand LLP reports on the consolidated financial
statements of the Corporation for the past two years did not contain any
adverse opinion or disclaimer of opinion, nor were they qualified or modified
as to uncertainty, audit scope or accounting principles. There have not been
any disagreements between the Corporation and Coopers & Lybrand LLP on any
matter of accounting principles or practices, consolidated financial statement
disclosure or audit scope or procedure during the two most recent fiscal years
and any subsequent interim period through September 27, 1996.
The Board of Directors' decision to engage Clark, Schaefer,
Hackett, & Co. is based on that firm's experience with community-based
financial institutions. The Corporation has not requested or obtained any
advice from Clark, Schaefer, Hackett, & Co. concerning any material
accounting, auditing or financial reporting issue regarding the application of
accounting principles to a specified transaction or the type of audit opinion
that might be rendered on the Corporation's consolidated financial statements.
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ITEM 5. OTHER EVENTS
Not applicable.
ITEM 6. RESIGNATIONS OF REGISTRANT'S DIRECTORS
Not applicable.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits
(16) Letter on Change in Certifying Accountant
ITEM 8. CHANGE IN FISCAL YEAR
Not applicable.
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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.
FIRST FRANKLIN CORPORATION
Date: October 15, 1996 By: Daniel T Voelpel
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Daniel T Voelpel
Vice President and
Chief Financial Officer
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| Coopers & Lybrand L.L.P. | Suite 3400
Coopers | | 312 Walnut Street
& Lybrand | | Cincinnati, Ohio 45202-4046
| a professional services firm |
| | Telephone (513) 651-4000
| | Facsimile (513) 768-4599
October 15, 1996
Securities and Exchange Commission
450 5th Street, N.W.
Washington, D.C. 20549
Gentlemen:
We have read the statements made by First Franklin Corporation (copy
attached), which we understand will be filed with the Commission, pursuant to
Item 4 of Form 8-K/A as part of the Company's Form 8-K/A report for the month
of October, 1996. We agree with the statements concerning our Firm in such
Form 8-K/A.
Very truly yours,
Coopers & Lybrand L.L.P.
_____________________________
Coopers & Lybrand L.L.P.
Coopers & Lybrand L.L.P., a registered limited liability partnership,
is a member firm of Coopers & Lybrand (International).
