UNITED STATES
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 (Date of earliest event reported) October 20, 2000
-------------------------------
NORTH BANCSHARES, INC.
- - -------------------------------------------------------------------------------
(Exact name of registrant as specified in its Charter)
Delaware 0-22800 36-3915073
- - -------------------------------------------------------------------------------
(State or other (commission file number) (IRS Employer
jurisdiction of Identification
incorporation) number)
100 West North Avenue, Chicago, Illinois 60610
- - -------------------------------------------------------------------------------
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (312) 664-4320
- - -------------------------------------------------------------------------------
N/A
- - -------------------------------------------------------------------------------
(Former name or former address, if changed since last report)
1
Item 4. Changes in Registrant's Certifying Accountant.
On October 13, 2000, the Audit Committee of the Board of Directors
reported to the Board they had completed a review of independent accounting
firms and recommended to the Board that the Company engage Crowe Chizek and
Company LLP for the year 2001 audit.
The Board of Directors approved the recommendation on October 13, 2000
and passed a resolution appointing Crowe Chizek and Company LLP, the Company's
independent accountants for the fiscal year 2001. KPMG LLP, the Company's
current independent accountants will audit the Company's financial statements
for the year ended December 31, 2000.
In connection with the audits of the two fiscal years ended December
31, 1999, and the subsequent interim period January 1, 2000 through October 16,
2000, the date of the notification of dismissal, there were no disagreements
with KPMG on any matter of accounting principles or practices, financial
statement disclosure, or auditing scope or procedures, which disagreements if
they were not resolved to their satisfaction, would have caused them to make
reference in connection with their opinion to the subject matter of
disagreement.
The audit reports of KPMG LLP on the consolidated financial statements
of North Bancshares, Inc., as of and for the years ended December 31, 1999 and
1998, did not contain any adverse opinions or disclaimers of opinion, nor were
they qualified or modified as to uncertainty, audit scope, or accounting
principles. The Company has requested that KPMG LLP furnish it with a letter
addressed to the Commission stating whether they agree with the above
statements. Such letter is filed as Exhibit 16 to this amendment to this Form
8-K.
Item 7. Financial Statements and Exhibits
(C) Letter of KPMG LLP dated November 1, 2000.
2
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 hereunto duly authorized.
NORTH BANCSHARES, INC.
(Registrant)
Date: November 1, 2000 /S/ Joseph A. Graber
---------------- --------------------
Joseph A. Graber
President and
Chief Executive Officer
3
EXHIBIT 16
4
KPMG
303 East Wacker Drive
Chicago, IL 60601-5212
November 1, 2000
Securities and Exchange Commission
450 Fifth Street, NW
Washington, DC 20549
Ladies and Gentlemen:
We were previously principal accountants for North Bancshares, Inc. and, under
the date of February 11, 2000, we reported on the consolidated financial
statements of North Bancshares, Inc. and subsidiary as of and for the years
ended December 31, 1999 and 1998. On October 23, 2000, we were notified that
North Bancshares, Inc. engaged Crowe Chizek and Company LLP as its principal
accountant for the year ended December 31, 2001 and that the auditor-client
relationship with KPMG LLP will cease upon completion of the audit of North
Bancshares, Inc.'s consolidated financial statements as of and for the year
ended December 31, 2000 and the issuance of our report thereon. We have read
North Bancshares, Inc.'s statements included under Item 4 of its 8-K/A dated
November 1, 2000, and we agree with such statements, except that we are not in a
position to agree or disagree with North Bancshares, Inc.'s statement that (1)
the Audit Committee reported to the Board of Directors that they had completed a
review of independent accounting firms and had recommended to the Board that the
Company engage Crowe Chizek and Company LLP for the year 2001 audit, and (2) the
Board of Directors approved the recommendation and passed a resolution
appointing Crowe Chizek and Company LLP as independent accountants for the
fiscal year 2001.
Very truly yours,
KPMG LLP
KPMG LLP.KPMG LLP. A U.S. limited liability partnership, is a member of KPMG
International, a Swiss association.
5