SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934
June 20, 1997
Date of Report (Date of earliest event reported)
Republic Bancorp Inc.
(Exact name of registrant as specified in its charter)
Michigan 0-15734 38-2604669
(State or other jurisdiction of (Commission (I.R.S. Employer
incorporation or organization) file number) Identification No.)
1070 East Main Street, Owosso, Michigan 48867
(Address of principal executive offices)
(517)-725-7337
(Registrant's telephone number, including area code)
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Item 4. Changes in Registrant's Certifying Accountants
On June 19, 1997, Republic Bancorp Inc. (the "Company"), upon recommendation
of the Audit Committee of the Board of Directors, appointed Ernst & Young LLP
as its independent auditors for the fiscal year ending December 31, 1997 to
replace Deloitte & Touche LLP. The audit reports of Deloitte & Touche LLP on
the consolidated financial statements of the Company and subsidiaries as of
and for the years ended December 31, 1996 and 1995, did not contain an
adverse opinion or disclaimer of opinion, nor were they qualified or modified
as to uncertainty, audit scope, or accounting principles, except for an
explanatory paragraph in 1995 regarding a change in the method of accounting
for originated mortgage servicing rights.
In connection with the audits of the two years ended December 31, 1996, and
the subsequent interim period through June 19, 1997, there were no
disagreements with Deloitte & Touche LLP on any accounting principles or
practices, financial statement disclosures, or auditing scope and procedures,
which if not resolved to their satisfaction, would have caused them to make
reference in connection with their opinion to the subject matter in their
report.
The Company has requested Deloitte & Touche LLP to furnish a letter addressed
to the Commission stating whether it agrees with the above statements. A copy
of that letter, dated June 20, 1997 is filed as Exhibit 16 (a) to this Form
8-K.
Item 7. Financial Statements and Exhibits
(c) Exhibits. The following exhibits are filed herewith:
Exhibit No. Description
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16 (a) Letter from Deloitte & Touche LLP Re
Change in Certifying Accountants
<PAGE>
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.
REPUBLIC BANCORP INC.
Dated: June 20, 1997 By: /s/ Thomas F. Menacher
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Thomas F. Menacher
Senior Vice President, Treasurer
and Chief Financial Officer
Exhibit 16 (a)
June 20, 1997
Securities and Exchange Commission
Mail Stop 9-5
450 5th Street, N.W.
Washington, D.C. 20549
Gentlemen:
We have read and agree with the comments in Item 4 of Form 8-K of Republic
Bancorp Inc. dated June 20, 1997.
Very truly yours,
/s/ DELOITTE & TOUCHE LLP
