FORM 8-K
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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, 1995 Commission file #0-15423
SOUTH ALABAMA BANCORPORATION,INC.
(Exact name of registrant as specified in its charter)
Delaware 63-0909434
(State or other jurisdiction of (I.R.S. employer
incorporation or organization) Identification Number)
68 St. Francis Street, Mobile, Alabama 36602
(Address of principal executive offices) (Zip Code)
(334) 431-7800
(Registrant's telephone number, including area code)
Exhibit Index Page 4
Page 1 of 4 Pages
Item 4. Changes in Registrant's Certifying Accountant
(a) On September 27, 1995, the Registrant terminated
Deloitte and Touche LLP as its independent accountant.
Deloitte and Touche LLP's report on the Company's financial
statements did not contain, for either of the past two
years, an adverse opinion or a disclaimer of opinion, nor
was it qualified or modified as to uncertainty, auditing
scope or accounting principles.
The decision to change accountants was recommended by
the Audit Committee of the Board of Directors and approved
by the entire Board based upon such recommendation.
During the years 1993 and 1994 and the partial year of
1995, there were no disagreements with Deloitte and
Touche LLP on any matter of accounting principles or
practices, financial statement disclosure, or auditing
scope or procedure, which disagreement, if not resolved
to the satisfaction of Deloitte and Touche LLP, would
have caused it to make references to the subject matter
of the disagreement in connection with its report.
(b) On September 27, 1995, Arthur Anderson was engaged
as the new independent accountant for the Company to be
the principal accountant to audit the Registrant's
financial statements.
Pursuant to the requirement of the Securities and
Exchange Act of 1934, the registrant has duly caused this report
to be signed on its behalf by the undersigned thereunto duly authorized.
SOUTH ALABAMA BANCORPORATION
10/03/95 /s/ W. Bibb Lamar, Jr.
Date W. Bibb Lamar, Jr.
President
10/03/95 /s/ F. Michael Johnson
Date F. Michael Johnson
Executive Vice-President
(Principal Financial Officer)
EXHIBIT INDEX
Exhibit No. Description
16 Response of Deloitte and Touche LLP to Filing
Exhibit No. 16
{Deloitte & Touche LLP Letterhead}
October 2, 1995
Securities and Exchange Commission
Mail Stop 9-5
450 5th Street, N.W.
Washington, D.C. 20549
Dear Sirs/Madams:
We Have read and agree with the comments in Item 4 of Form 8-K of
South Alabama Bancorporation, Inc. dated September 27, 1995.
Yours truly,
/s/ Deloitte & Touche LLP
