FIRST REPUBLIC BANCORP INC /DE/
8-K, 1997-04-21
STATE COMMERCIAL BANKS
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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 THE REPORT (Date of Earliest Event Reported): April 14, 1997

                          FIRST REPUBLIC BANCORP, INC:
             ------------------------------------------------------
             (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)

         PENNSYLVANIA                      0-17007              23-2486815
- ----------------------------           ---------------       ----------------
(STATE OR OTHER JURISDICTION          (COMMISSION FILE       (I.R.S. EMPLOYER
      OF INCORPORATION)                    NUMBER)           IDENTIFICATION NO.)

    1608 WALNUT STREET, PHILADELPHIA, PA                            19103
  ----------------------------------------                       ----------
  (ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)                       (ZIP CODE)


     REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE     (215) 735-4422

                                      N/A
          ------------------------------------------------------------
          (FORMER NAME OR FORMER ADDRESS, IF CHANGED FROM LAST REPORT)



                               Page 1 of 2 Pages


<PAGE>

Item 4. Changes in Registrant's Certifying Accountant.

     On April 14, 1997, Registrant's principal accountant, Coopers & Lybrand,
L.L.P. notified Registrant that it was resigning as the accountant for
Registrant because of Registrant's decision to issue requests for proposals for
its auditing work in 1997. Coopers & Lybrand's report on the financial
statements for the last two years did not contain any adverse opinion or
disclaimer of opinion nor was it modified as to uncertainty, scope or
accounting principles. There were no disagreements with Coopers & Lybrand on
any matter of accounting principles or practices, financial statement
disclosure, or auditing scope or procedures which would have caused Coopers &
Lybrand to make reference to the subject matter of such disagreement in
connection with its reports.

     Registrant has not made a decision as to replacing Coopers & Lybrand. A
new independent accountant has not as yet been engaged.


                                   SIGNATURE

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.


                                   FIRST REPUBLIC BANCORP, INC.


                                        (Registrant)

Dated: April 18, 1997                By: /s/ ROLF A STENSRUD
                                         ------------------------------
                                             Rolf A. Stensrud,
                                             President and
                                             Chief Executive Officer


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