U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20459
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)
June 26, 1997
SOUTHERN FINANCIAL BANCORP, INC.
Virginia 0-22836 54-1779978
_______________________________ ___________ ______________________
(State or other jurisdiction of Commission (IRS Employer
incorporation or organization) File Number Identification Number)
37 East Main Street
Warrenton, Virginia 20186
_______________________________________ __________
(address of principal executive office) (Zip Code)
Registrant's Telephone Number, including area code: (540) 349-3900
Southern Financial Bancorp, Inc.
Item 4. Changes in Registrant's Certifying Accountant
(a) Previous independent accountants
(i) On June 26, 1997, the Board of Directors of Southern Financial Bancorp,
Inc. ("the Registrant"), which included all of the members of the Audit
Committee, voted to terminate the services of Arthur Andersen LLP as the
independent accountants of the Registrant.
(ii) The reports of Arthur Andersen LLP on the Registrant's financial
statements for the past two years contained no adverse opinion or disclaimer
of opinion and were not qualified or modified as to uncertainty, audit scope
or accounting principle.
(iii) In connection with its audit for the two most recent fiscal years and
through June 26, 1997, there have been no disagreements with Arthur Andersen
LLP on any matter of accounting principles or practices, financial statement
disclosure, or auditing scope or procedure, which disagreements, if not
resolved to the satisfaction of Arthur Andersen LLP, would have caused them
to make reference thereto in their report on the Registrant's financial
statements for such years.
(iv) During the two most recent fiscal years and through June 26, 1997, there
have been no reportable events (as defined in Regulation S-K Item 304 (a) (1)
(v)).
(v) The Registrant has requested that Arthur Andersen 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 July 1, 1997, is filed as Exhibit 16
to this Form 8-K.
(b) New independent accountants
KPMG Peat Marwick LLP has been engaged as new independent accountants by the
Registrant, effective June 26, 1997.
Item 7. Exhibits
Exhibit No Description of Exhibit
__________ ______________________
16 Letter re: Change in Certifying Accountant
Southern Financial Bancorp, Inc.
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 thereunto duly authorized.
Southern Financial Bancorp, Inc.
(Registrant)
Date: July 3, 1997 By s/sGeorgia S. Derrico
Georgia S. Derrico
Chairman and
Chief Executive Officer
(Duly Authorized Representative)
Date: July 3, 1997 By s/sWilliam H. Lagos
William H. Lagos
Senior Vice President & Controller
(Duly Authorized Representative)
EXHIBIT INDEX
Exhibit No. Description of Exhibit
16 Letter re: Change in Certifying Accountant
ARTHUR
ANDERSEN
July 1, 1997
Arthur Andersen LLP
Office of Chief Accountant
SECPS Letter File Suite 400
Securities and Exchange Commission 8000 Towers Crescent Drive
Mail Stop 9-5 Vienna VA 22182-2725
450 Fifth Street, NW 703 734 7300
Washington, DC 20549
Dear Sirs:
We have read Item 4 included in the attached Form 8-K dated June 26, 1997 of
Southern Financial Bancorp, Inc. to be filed with the Securities and Exchange
Commission and are in agreement with the statements contained therein.
Very truly yours,
s/s Arthur Andersen LLP
