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) May 1, 1997
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First Georgia Holding, Inc.
(Exact Name of Registrant as
Specified in its charter)
Georgia 0-16657 58-1781773
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(State or jurisdiction (Commission (I.R.S. Employer
or incorporation or organization) File number) Identification
Number)
1703 Gloucester Street
Brunswick, GA 31520
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(Address of principal
executive offices)
Registrant's telephone number, including area code: (912) 267-7283
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Item 4. Changes in Registrant's Certifying Accountant.
A. Effective May 1, 1997, First Georgia Holding, Inc. ("First
Georgia") dismissed its prior certifying accountants, KPMG Peat Marwick LLP
("KPMG") and retained as its new accountants, Deloitte & Touche LLP. KPMG's
report on First Georgia's consolidated financial statements during the two
most recent fiscal years contained no adverse opinion or a disclaimer of
opinions, and was not qualified as to uncertainty, audit scope or accounting
principles. The decision to change accountants was approved by First Georgia's
Board of Directors.
During the last two fiscal years and the subsequent interim
periods to the date hereof, there were no disagreements between First Georgia
and KPMG on any matters of accounting principles or practices, finacial
statement disclosure, or auditing scope or procedure, which disagreements, if
not resolved to the satisfaction of KPMG, would have caused it to make a
reference to the subject matter of the disagreements in connection with its
reports.
None of the "reportable events" described in Item 304(a)(1)(v)
occurred with respect to First Georgia within the last two fiscal years and
the subsequent interim periods to the date hereof.
B. Effective May 1, 1997, First Georgia engaged Deloitte & Touche
LLP as its principal accountants. During the last two fiscal years and the
subsequent interim periods to the date hereof, First Georgia did not consult
Deloitte & Touche LLP regarding any of the matters or events set forth in Item
304(a)(2)(i) and (ii) of Regulation S-K.
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 Georgia Holding, Inc.
May 21, 1997 By G. FRED COOLIDGE
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G. FRED COOLIDGE, III
Secretary and Treasurer
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KPMG Peat Marwick LLP
303 Peachtree Street, N.E.
Suite 2000
Atlanta, GA 30308
May 21, 1997
Securities and Exchange Commission
Washington, DC 20549
Ladies and Gentlemen:
We were previously principal accountants for First Georgia Holding, Inc. and,
under the date of November 1, 1996, we reported on the consolidated financial
statements of First Georgia Holding, Inc. and subsidiary as of and for the years
ended September 30, 1996 and 1995. On May 1, 997 our appointment as principal
accountants of First Georgia Holding, Inc. was terminated. We have read First
Georgia Holding, Inc's statements included under item 4 of its amended Form 8-KA
dated May 21, 1997 and we agree with such statements, except that we are not in
a position to agree or disagree with First Georgia Holding, Inc's statements
under item 4A regarding new independent accountants and that the change was
approved by First Georgia Holding, Inc.'s Board of Directors, nor with the
statements unde item 4B.
Very truly yours,
KPMG PEAT MARWICK LLP
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