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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
Current Report Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): December 1, 1998
AMERICORP
(Exact name of Registrant as specified in its Charter)
CALIFORNIA 333-63841 77-0164985
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(State or Other Jurisdiction of (File Number) (I.R.S. employer
Incorporation or Organization) Identification No.)
304 EAST MAIN STREET, VENTURA, CA 93001
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(Address of Principal Executive (Zip Code)
Offices)
Registrant's Telephone Number, including area code: (805) 658-6633
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(Former Name or Former Address, if changed since last report)
Page 1 of 4 Pages
Exhibit Index Page 4
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ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
On December 1, 1998 the Audit Committee of the Company accepted the
resignation of its certifying accountant, Fanning & Karrh (F&K). F&K's
resignation was related to scheduling conflicts and limited staffing.
For the years ending December 31, 1997 and 1996, F&K did not issue
any adverse opinion nor has it filed any disclaimer of opinion on the
Company's financial statements. There were also no qualifications or
modifications as to uncertainty, audit scope or accounting principles.
Additionally, during the two most recent fiscal years and the subsequent
interim periods preceding their resignation, there have been no disagreements
with F&K on any matter of accounting principles or practices, financial
statement disclosure, or auditing scope or procedures.
On December 3, 1998, the Company engaged Vavrinek, Trine Day & Co.,
LLP (VTD) as its certifying accountants (as approved by the Audit Committee).
As disclosed in the Form S-4, (File #333-63841), the Company has
entered into an agreement pursuant to which Channel Islands Bank (CIB) will
be merged into the Company's banking subsidiary, American Commercial Bank.
VTD is also the certifying accountant for Channel Islands Bank. VTD has been
engaged by CIB to issue an opinion as the proper accounting treatment for the
proposed merger. The written opinion has not been issued but VTD has orally
advised CIB that the merger will be accounted for as a pooling of interests.
Page 2 of 4 Pages
Exhibit Index Page 4
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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.
Date: December 4, 1998 Americorp
By: /s/ GERALD J. LUKIEWSKI
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Gerald J. Lukiewski
President and Chief Executive Officer
By: /s/ KEITH J. SCIARILLO
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Vice President
Chief Financial Officer
Page 3 of 4 Pages
Exhibit Index Page 4
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EXHIBIT INDEX
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EXHIBIT NO. DESCRIPTION PAGE NO.
<S> <C> <C>
16 Letter from Fanning & Karrh to the 5
Securities and Exchange Commission,
dated December 4, 1998, agreeing to the
statements in this report.
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Page 4 of 4 Pages
Exhibit Index Page
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-EXHIBIT 16-
December 4, 1998
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 the first and second paragraphs of
Item 4 of the Form 8-K of Americorp dated December 4, 1998.
/s/ Fanning & Karrh
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