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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D. C. 20549
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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): JANUARY 22, 1997
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SOUTHERN CRESCENT FINANCIAL CORP
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(Exact name of registrant as specified in charter)
GEORGIA 0-19225 58-1845038
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(State or other (Commission File (I.R.S. Employer
jurisdiction of Number) Identification No.)
incorporation)
1585 SOUTHLAKE PARKWAY, MORROW, GEORGIA 30260
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(Address of principal executive offices (Zip Code)
Registrant's telephone number, including area code: (770) 968-6868
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NOT APPLICABLE
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(Former name or former address, if changed since last report.)
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ITEM 4. CHANGES IN REGISTRANTS CERTIFYING ACCOUNTANT
On January 22, 1997, the Company elected to replace its existing
independent public account firm, Grant Thornton LLP ("Grant Thornton"), with
Arthur Andersen LLP. Neither of Grant Thornton's reports on the Company's
financial statements for the years ended December 31, 1994 or 1995 contained an
adverse opinion or a disclaimer of opinion or was qualified or modified as to
uncertainty, audit scope or accounting principles. The change of accountants
was approved by the Board of Directors. The Company had no disagreements with
Grant Thornton LLP during 1996 nor in the years ended December 31, 1994 and 1995
on any matter of accounting principles or practices, financial statement
disclosure or auditing scope or procedure that would have caused that firm to
make reference to the subject disagreement if it had not been resolved to Grant
Thornton's satisfaction.
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.
SOUTHERN CRESCENT FINANCIAL CORP
By: /s/ Charles M. Buckner
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Charles M. Buckner
President and Chief Executive Officer
Date: 1/22/97
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