<PAGE>
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): August 29, 1996
---------------
FIRST SAVINGS BANCORP, INC.
-------------------------------------
(Exact name of registrant as specified in its charter)
United States 0-27098 56-1842701
------------------------ ------------------------ --------------------
(State or other juris- (Commission File Number) (IRS Employer
diction of incorporation Identification No.)
or organization)
205 S.E. Broad Street, Southern Pines, North Carolina 28387
-------------------------------------------------------------------
(Address of principal executive office) (Zip Code)
Registrant's telephone number, including area code: (910) 692-6222
--------------
Not Applicable
-------------------------------------------------------
(Former name or former address, if changed since last report)
EXHIBIT INDEX ON PAGE 3
PAGE 1 OF 4
<PAGE>
Item 4. Changes In Registrant's Certifying Accountant.
- ------ ---------------------------------------------
(b) Deloitte & Touche LLP was the Company's independent auditor for the
year ended June 30, 1996. As of August 29, 1996, Dixon, Odom & Co., L.L.P. has
been engaged as the Company's new independent auditor, for the year ending June
30, 1997. Deloitte & Touche LLP's report on the Company's financial statements
for the fiscal years ended June 30, 1996 and 1995 did not contain an adverse
opinion or disclaimer of opinion and was not qualified or modified as to
uncertainty, audit scope or accounting principles. During such years and the
subsequent interim period through August 29, 1996, there were no disagreements
between the Company and Deloitte & Touche LLP on any matter of accounting
principles or practice, financial statement disclosure or auditing scope or
procedure which, if not resolved to the satisfaction of such auditor, would have
caused it to make reference to the subject of such disagreement in connection
with its reports. During its two most recent fiscal years and the subsequent
interim period ended August 29, 1996, the Company has not consulted Dixon, Odom
& Co., L.L.P. with regard to either: (i) the application of accounting
principles to a specified transaction, either completed or proposed; or the type
of audit opinion that might be rendered on the Company's financial statements,
or (ii) any matter that was either the subject of a disagreement or a reportable
event.
A letter from Deloitte & Touche LLP regarding its concurrence with the
statements made by the Company in this current report on Form 8-K is attached as
Exhibit (16) hereto and incorporated herein by reference.
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 hereunto duly authorized.
Item 7. Financial Statements and Exhibits.
- ------ ---------------------------------
(16) Letter regarding change in certifying accountant
FIRST SAVINGS BANCORP, INC.
Date: September 5, 1996 By: /s/ William E. Samuels, Jr.
-------------------------- --------------------------------------
William E. Samuels, Jr.
President and Chief Executive Officer
PAGE 2 OF 4
<PAGE>
EXHIBIT INDEX
Exhibit No. Description Sequential Page No.
- ----------- ----------- -------------------
(16) Letter regarding change in 4
certifying accountant
PAGE 3 OF 4
<PAGE>
[LETTERHEAD OF DELOITTE & TOUCHE LLP APPEARS HERE]
September 4, 1996
Securities and Exchange Commission
Mail Stop 9-5
450 * 5th Street, N.W.
Washington, D.C. 20549
Dear Sirs/Madams:
We have read and agree with the comments in Item 4 of Form 8-K, of First Savings
Bancorp, Inc. dated August 29, 1996.
Yours truly,
/s/ Deloitte & Touche LLP
- -----------------------------------------------
- -------------- PAGE 4 OF 4
Deloitte Touch
Tohmatsu
International
- --------------
