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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 13, 1995
COMMERCIAL NATIONAL FINANCIAL CORPORATION
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
MICHIGAN
(State or other jurisdiction of incorporation)
0-17000 38-2799780
(Commission File Number) (IRS Employer Identification No.)
101 N. Pine River Street, Ithaca, Michigan 48847
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: 517-875-4144
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ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
a. Effective December 13, 1995, Commercial National Financial
Corporation aproved the dismissal of its certifying accountants, BDO Seidman,
LLP, to be effective upon completion of audit services for the year ending,
December 31, 1995, and retained as its new certifying accountants, Crowe,
Chizek, and Co. LLP, for audit services beginning in 1996. BDO Seidman's
report on Commercial National Financial Corporation's financial statements
during the two most recent fiscal years preceding the date hereof 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 Commercial National Financial Corporation's Board
of Directors.
During the last two fiscal years and the subsequent interim period to
the date hereof, there were no disagreements between Commercial National
Financial Corporation and BDO Seidman, LLP, on any matters of accounting
principles or practices, financial statement disclosure, or auditing scope or
procedure, which disagreements, if not resolved to the satisfaction of BDO
Seidman, LLP 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) (i) (ii)
occurred with respect to Commercial National Financial Corporation within the
last two fiscal years and the subsequent interim periods to the date hereof.
b. Effective December 13, 1995, Commercial National Financial
Corporation engaged Crowe Chizek, as its principal accountants for audit
services for the year ending December 31, 1996. During the last two fiscal
years and the subsequent interim periods to the date hereof, Commercial
National Financial Corporation did not consult Crowe Chizek, regarding any of
the matters of 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.
Commercial National Financial Corporation
December 22, 1995 By: Dean E. Milligan
Dean E. Milligan
President and CEO
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[BDO LETTERHEAD]
EXHIBIT 23
Securities and Exchange Commission December 22, 1995
450 Fifth Street N.W.
Washington, D.C. 20549
Gentlemen:
We have been furnished with a copy of the response to Item 4 of Form 8-K for
the event that occurred on December 13, 1995, to be filed by our client,
Commercial National Financial Corporation. We agree with the statements made
in response to that Item insofar as they relate to our Firm.
Very truly yours,
BDO Seidman, LLP
