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): May 19,1999
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COMMISSION FILE NO.: 0-23126
RELIANCE BANCORP, INC.
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(Exact name of registrant as specified in its charter)
Delaware 11-3187176
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(State or other Jurisdiction of Incorporation (IRS Employer or
organization) Identification No.)
585 Stewart Avenue, Garden City, New York 11530
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(Address of principal executive officer) (Zip Code)
Registrant's telephone number, including area code: (516) 222-9300
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Item 4. Changes in Registrant's certifying Accountant.
(a) On May 19, 1999, Reliance Bancorp, Inc. (the "Company")
terminated KPMG LLP's appointment as the Company's
independent accountant.
The decision to change accountants was recommended by the
Audit Committee of the Board of Directors and approved by the
entire Board of Directors based upon such recommendation.
During the fiscal years ended June 30, 1997 and 1998 and the
subsequent period through May 19, 1999, there were no
disagreements with KPMG 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 KPMG LLP, would have caused it
to make references to the subject matter of the disagreements
in connection with its report.KPMG LLP's audit report on the
Company's financial statements did not contain, for either of
the past two fiscal years, an adverse opinion or a disclaimer
of opinion, nor was it qualified nor modified as to
uncertainty, audit scope or accounting principles.
The Company has requested KPMG LLP to furnish it a letter, as
promptly as possible, addressed to the Securities and Exchange
Commission (the "SEC") stating whether it agrees with the
above statements and if not, stating the respects in which
they do not agree. That letter is not yet available, but will
be filed as an exhibit to an amendment to this report.
(b) On May 19, 1999, the Company engaged Arthur Andersen LLP as
the Company's principal accountant.
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.
By: /s/ Raymond A. Nielsen
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Raymond A. Nielsen
President and
Chief Executive Officer
Dated: May 25, 1999
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