U. S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K/A
Current Report Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report
December 9, 1996
Commission File Number 1-8662
GOLDEN ISLES FINANCIAL HOLDINGS, INC.
(Exact name of registrant as specified in its charter)
Georgia 58-1756713
(State of Incorporation) (IRS Employer Identification No.)
200 Plantation Chase
St. Simons Island, Georgia 31522
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code:
(912) 638-0667
Item 4 Changes in Registrant's Certifying Accountant
On December 8, 1996, the certifying accountant for
Golden Isles Financial Holdings, Inc. (the "Company"),
Francis & Company, of Marietta, Georgia, notified the
Company that it did not wish to be engaged as the Company's
certifying accountant for the year ended December 31, 1996.
The report of Francis & Company accompanying the Company's
financial statements as of and for the years ended December
31, 1995 and December 31, 1994, did not contain an adverse
opinion, or a disclaimer of opinion, and was not modified
with respect to any uncertainty, audit scope or accounting
principles.
On December 9, 1996, the Company engaged Mauldin &
Jenkins LLC of Albany, Georgia as its new certifying
accountant. The Company did not consult with Mauldin &
Jenkins LLC regarding the application of accounting
principles to a specific completed or contemplated
transaction or the type of audit opinion that might be
rendered on the Company's financial statements.
The decision of the Company to engage new certifying
accountants was approved by its Board of Directors. There
were, during the two most recent fiscal years of the Company
and for the period of January 1, 1996 through the date of
this report, no disagreements, whether resolved or
unresolved, with Francis & Company with regard to any matter
of accounting principles or practices, financial statement
disclosure, or auditing scope or procedure, which, if not
resolved to its satisfaction would have caused Francis &
Company to make reference to the subject matter of the
disagreement(s) in connection with its report.
Item 7 Financial Statements, Pro Forma Financial
Information and Exhibits
Exhibit 1 - Letter from Francis & Company
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.
GOLDEN ISLES FINANCIAL
HOLDINGS, INC.
Date: January 27, 1997 By: /s/ J. Thomas Whelchel
J. Thomas Whelchel
Chairman
EXHIBIT 1
FRANCIS
&
COMPANY
January 27, 1997
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
RE: Golden Isles Financial Holdings, Inc.
File Ref. No. 0-27448
Dear Sirs:
We were previously the principal accountant for Golden
Isles Financial Holdings, Inc. and Subsidiaries (the
"Company"), and on February 23, 1996, we reported on the
Company's consolidated financial statements as of and for
the years ended December 31, 1995 and December 31, 1994. On
December 8, 1996, we informed the Company that we do not
wish to be appointed as the Company's principal accountant
for the year ended December 31, 1996. We have read the
Company's statements included under Item 4 of its Form
8-K/A dated January 27, 1997, and we agree with such
statements.
Very truly yours,
FRANCIS & COMPANY
By:/S/ Eddie Y. Francis
Eddie Y. Francis
