ESSEX BANCORP INC /NEW
8-K, 2000-10-10
SAVINGS INSTITUTION, FEDERALLY CHARTERED
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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)          October 4, 2000
                                                  ------------------------------



                               Essex Bancorp, Inc.
              ----------------------------------------------------
              Exact name of registrant as specified in its charter



          Delaware                        1-10506               54-1721085
----------------------------       --------------------      ------------------
(State or other jurisdiction            (Commission            (IRS Employer
of incorporation)                       File Number)         Identification No.)



      Interstate Corporate Center
         Building 9, Suite 200
           Norfolk, Virginia                                   23502
--------------------------------------                      -----------
Address of principal executive offices                        Zip Code



Registrant's telephone number, including area code          (757) 893-1300
                                                      -------------------------



--------------------------------------------------------------------------------
(Former name or former address, if changed since last report.)


<PAGE>

Item 4.  Changes in Registrant's Certifying Accountants

On   October   4,   2000,   Essex   Bancorp,   Inc.   ("Registrant")   dismissed
PricewaterhouseCoopers  LLP as its independent  accountants and engaged KPMG LLP
as the Registrant's certifying accountants.  The Registrant's audit committee of
the board of  directors  participated  in and  approved  the  decision to change
accountants.

In connection  with its audits for the two fiscal years ended December 31, 1999,
and the subsequent  interim period through  October 4, 2000,  there have been no
disagreements  with  PricewaterhouseCoopers  LLP on  any  matter  of  accounting
principles or practices,  financial statement  disclosure,  or auditing scope of
procedure,   which   disagreements  if  not  resolved  to  the  satisfaction  of
PricewaterhouseCoopers  LLP would have caused them to make reference  thereto in
their  report  on the  financial  statements  for such  years.  The  reports  of
PricewaterhouseCoopers  LLP  on the  consolidated  financial  statements  of the
Registrant as of and for the years ended December 31, 1999 and 1998 contained no
adverse  opinion or  disclaimer of opinion and were not qualified or modified as
to uncertainty, audit scope or accounting principle.

The  Registrant  requested  that  PricewaterhouseCoopers  LLP  furnish it with a
letter  addressed  to the SEC  stating  whether or not it agrees  with the above
statements.  A copy of such letter,  dated October 10, 2000, is filed as Exhibit
16 to this Form 8-K.


<PAGE>
                                   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.


                                              Essex Bancorp, Inc.


         October 10, 2000                     By:  /s/ Gene D. Ross
         ----------------                         ----------------
               (Date)                             Gene D. Ross
                                                  Chairman, President and
                                                  Chief Executive Officer



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