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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
PURSUANT TO SECTIONS 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): June 18, 1996
QNB CORP.
(Exact name of registrant as specified in its charter)
Pennsylvania
(State or other jurisdiction of
incorporation or organization)
0-17706
(Commission File Number)
23-2318082
(I.R.S. Employer Identification No.)
10 North Third Street, Quakertown, PA 18951-9005
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (215)538-5600
Not Applicable
(Former name or former address, if changed since last report.)
Exhibit Index appears on Page 3.
Page 1 of 5
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Item 4. Changes in Registrant's Certifying Accountant
On June 18, 1996, QNB Corp. engaged KPMG Peat Marwick L.L.P. as its
certifying accountant for the 1996 fiscal year, thereby replacing Coopers &
Lybrand L.L.P. The change was approved by QNB Corp.'s Board of Directors.
No report on the financial statements of QNB Corp. issued by Coopers &
Lybrand L.L.P. during the last two fiscal years contained an adverse opinion or
disclaimer of opinion, or was qualified or modified as to uncertainty, audit
scope or accounting principles, nor were there any disagreements during the last
two fiscal years through June 18, 1996, between Coopers & Lybrand L.L.P. and QNB
Corp. concerning any matter of accounting principles or practices, financial
statement disclosure or auditing scope or procedure, which disagreements if not
resolved would have required Coopers & Lybrand L.L.P. to make reference to the
subject matter thereof in connection with its report. During the last two fiscal
years and through June 18, 1996, none of the events listed in items (A) through
(D) of Item 304(a)(1)(b) of Regulation S-K have occurred; and during such period
QNB Corp. has not consulted with KPMG Peat Marwick L.L.P. regarding any matter
referred to under paragraphs (I) or (ii) of Item 304(a)(2) of Regulation S-K.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
(c) Exhibits
99.1 Letter of Coopers & Lybrand L.L.P., independent accountants,
dated June 19, 1996, pursuant to Item 304(a)(3) of Regulation
S-K.
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EXHIBIT INDEX
Exhibit Sequentially
Number Numbered Page
99.1 Letter of Coopers & Lybrand L.L.P., 5
independent accountants, dated
June 19, 1996, pursuant to
Item 304(a)(3) of Regulation S-K
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Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this Form 8-K to be signed on its behalf by the
undersigned, thereunto duly authorized.
QNB Corp.
(Registrant)
/s/ BRET H. KREVOLIN
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Name: Bret H. Krevolin
Title: Chief Accounting Officer
Date: June 18, 1996
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June 19, 1996
Securities and Exchange Commission
450 5th Street, N.W.
Washington, D.C. 20549
Gentlemen:
We have read the statements made by QNB Corp (copy attached), which we
understand will be filed with the Commission, pursuant to Item 4 of Form 8-K, as
part of the Company's Form 8-K report for the month of June, 1996. We agree with
the statements concerning our Firm in such Form 8-K.
Very truly yours,
/s/ Coopers & Lybrand L.L.P.
COOPERS & LYBRAND L.L.P.
Attachment
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