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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: August 27, 1996
(Date of earliest event reported)
FIRST AMERICAN BANCORP
(Exact name of registrant as specified in its charter)
ALABAMA
(State or other jurisdiction of incorporation)
0-17703 63-0879472
(Commission File Number) (I.R.S. Employer
Identification Number)
251 JOHNSTON STREET, S.E., DECATUR, ALABAMA 35601
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (205) 340-7000
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ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
On August 27, 1996, the Registrant's Board of Directors dismissed Dudley,
Hopton-Jones, Sims, and Freeman, PLLP ("DHJS&F) as its independent auditors,
effective that date.
The reports of DHJS&F on the financial statements of the Registrant for each of
the two fiscal years in the period ended December 31, 1995 did not contain any
adverse opinion or a disclaimer of opinion and were not qualified or modified
as to uncertainty, audit scope, or accounting principles.
There were no disagreements with DHJS&F on any matter of accounting principle
or practice, financial statement disclosure, or auditing scope or procedure
which if not resolved to their satisfaction would have caused DHJS&F to make
reference to the subject matter of the disagreement in connection with its
report during the two fiscal years ended December 31, 1995 or during the
interim period until their dismissal.
The Board of Directors approved the appointment of Coopers & Lybrand, LLP as
the Registrant's independent auditors for the fiscal year ended December 31,
1996.
SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
FIRST AMERICAN BANCORP
Date: August 28, 1996 By: /s/ Dan M. David
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Dan M. David
Chairman of the Board of Directors,
President, Chief Executive Officer
and Director
Date: August 28, 1996 By: /s/ Alfred E. Cheatham, Jr.
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Alfred E. Cheatham, Jr.
Chief Financial Officer
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Exhibit 16
[DUDLEY, HOPTON-JONES, SIMS & FREEMAN PLLP LETTERHEAD]
Securities and Exchange Commission
Washington, D.C. 20549
Gentlemen:
We were previously principal accountants for First American Bancorp and on
January 12, 1996, we reported on the consolidated financial statements of First
American Bancorp and Subsidiary as of and for the two years ended December 31,
1995. On August 27, 1996, we were dismissed as principal accountants of First
American Bancorp. We have read First American Bancorp's statements included
under Item 4 of its Form 8-K for August 28, 1996, and we agree with such
statements.
Very truly yours,
/s/ DUDLEY, HOPTON-JONES, SIMS & FREEMAN PLLP
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DUDLEY, HOPTON-JONES, SIMS & FREEMAN PLLP
Certified Public Accountants
Birmingham, Alabama
August 28, 1996
ASSOCIATED OFFICES IN PRINCIPAL CITIES OF THE UNITED STATES AND CANADA
