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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): May 24, 2000
FIRST STERLING BANKS, INC.
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Exact name of Registrant as Specified in Charter
Georgia 33-78046 58-2104977
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(State of other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
676 Chastain Road, Kennesaw, Georgia 30144
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(Address of Principal Executive Offices)
Registrant's Telephone Number, including area code: 770-422-2888
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ITEM 4. CHANGES IN REGISTRANT'S CERITFYING ACCOUNTANT
a. Effective May 25, 2000, First Sterling Banks, Inc. dismissed
its prior certifying accountants, Mauldin & Jenkins, LLC and
retained as its new certifying accountants, Ernst & Young LLP.
Mauldin & Jenkins, LLC report on First Sterling's financial
statements during the two most recent fiscal years and all
subsequent interim periods preceding the date hereof contained
no adverse opinion or a disclaimer of opinions, and was not
qualified as to uncertainty, audit scope of accounting
principles. The decision to change accountants was approved by
First Sterling's Board of Directors.
During the last two fiscal years and the subsequent interim
period to the date hereof, there were no disagreements between
First Sterling and Mauldin & Jenkins, LLC on any matters of
accounting principles or practices, financial statement
disclosure, or auditing scope or procedure, which
disagreements, if not resolved to the satisfaction of Mauldin
& Jenkins, LLC would have caused it to make a reference to the
subject matter of the disagreements in connection with its
reports.
None of the "reportable events" described in Item 304(a)(1)(v)
occurred with respect to First Sterling within the last two
fiscal years and the subsequent interim period to the date
hereof.
b. Effective May 25, 2000, First Sterling engaged Ernst & Young
LLP as its principal accountants. During the last two fiscal
years and the subsequent interim period to the date hereof,
First Sterling did not consult Ernst & Young regarding any of
the matters or events set forth in Item 304(a)(2)(i) and (ii)
of Regulation S-K.
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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.
DATE: May 25, 2000
FIRST STERLING BANKS, INC.
/s/ EDWARD C. MILLIGAN
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Edward C. Milligan
President & Chief Executive Officer
