FLAG FINANCIAL CORP
8-K/A, 1997-03-11
SAVINGS INSTITUTION, FEDERALLY CHARTERED
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                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549



                                   FORM 8-K/A

                                 CURRENT REPORT

                      Pursant to Section 13 or 15(d) of the
                       Securities and Exchange Act of 1934


      Date of Report (Date of earliest event reported): February 20, 1997

                           FLAG FINANCIAL CORPORATION
             (Exact name of Registrant as specified in its charter)

         Georgia                    0-24532                     58-2094179
(State of Incorporation)     (Commssion file No.)             (I.R.S. Employer
                                                            Identification No.)



                           101 North Greenwood Street
                             LaGrange, Georgia 30241
          (Address if principal executive offices, including zip code)
                                (706) 845-5000
              (Registrant's telephone number, including area code)



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Item 4.  Change in Registrant's Certifying Accountant

     On February 20, 1997,  the Company  engaged  Porter  Keadle  Moore,  LLP as
independent  accountants  to audit the Company's  financial  statements  for the
fiscal year ending  December 31, 1997 and elected not to renew the engagement of
the Company's previous independent accountants, Robinson, Grimes & Company, P.C.
No adverse  opinions or disclaimers of opinion were given by Robinson,  Grimes &
Company,  P.C.  during the fiscal years ended  December  31, 1995,  1996,and any
subsequent  interim  period  through  02/20/97,  nor were any of their  opinions
qualified as to uncertainty,  audit scope, or accounting  principle,  during the
time Robinson,  Grimes & Company was engaged.  There was no  disagreement of any
nature between the Company and Robinson, Grimes & Company, P.C. The decision was
approved by the Company's Audit Committee and Board of Directors.

                                   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 hereunto duly authorized.

                                                FLAG FINANCIAL CORPORATION
                                                       (Registrant)


                                                        John S. Holle
                                            ------------------------------------
                                                        John S. Holle
                                            Chairman of the Board, President and
                                                    Chief Executive Officer

Date:  February 21, 1997





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<PAGE>




March 1, 1997

Securities and Exchange Commission
Washington, D.C.  20549

                                        re:  FLAG Financial Corporation
                                             Commission File No. 0-24532

This is to confirm that the client-auditor  relationship  between FLAG Financial
Corporation  (Commission  File Number  0-24532) and Robinson,  Grimes & Company,
P.C.  has  ceased  and the  Robinson,  Grimes & Company,  P.C.  agrees  with the
statements made by FLAG Financial Corporation in its Form 8-K dated February 20,
1997 and, specifically in Item 4 dated February 21, 1997.

Sincerely,

Robinson, Grimes & Company, P.C.

By:  S. Scott Voynich
 


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