SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
(Amendment No. 1)
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): January 2, 2003
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Regional Bankshares, Inc.
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(Exact name of registrant as specified in its charter)
South Carolina 000-32493 57-1108717
(State or Other Jurisdiction (Commission File Number) (IRS Employer
of Incorporation) Identification No.)
206 South Fifth Street, Hartsville, SC 29551
(Address of Principal Executive Offices) (Zip Code)
(843) 383-4333
(Registrant's telephone number, including area code)
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
Item 4. Changes in Registrant's Certifying Accountant.
(a) Tourville, Simpson and Caskey, LLP (TSC), which has served as the principal
independent accountant for the Registrant since May 1999, resigned from
such position effective January 2, 2003. TSC's report on the financial
statements of the Company for each of the years ended December 31, 2000 and
December 31, 2001 did not contain an adverse opinion or a disclaimer of
opinion and was not qualified or modified as to uncertainty, audit scope or
accounting principles.
During the Company's three most recent fiscal years ended December 31, 2002
and the subsequent interim period through January 2, 2003, there were no
disagreements between the Company and TSC 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
TSC, would have caused it to make reference to the subject matter of the
disagreements in connection with its report. A letter from TSC is attached
as Exhibit 16.1 to this Report.
The disclosures required by Item 304 (a) (1) (iv) (B) - (E) of
Regulation S-B are not applicable.
(b) Elliott Davis, LLC certified public accountants was engaged by the
Registrant on January 2, 2003, to audit the financial statements for the
year ending December 31, 2002. The Registrant did not consult Elliott Davis
regarding any of the matters set forth in Item 304 (a) (2) (i) or (ii) of
Regulation S-B.
Item 7. Financial Statements and Exhibits.
(c) Exhibits
Exhibit
Number Description of Exhibit
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16.1 Letter of Tourville, Simpson and Caskey, LLP regarding change
in certifying accountant.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Regional Bankshares, Inc.
February 5, 2003 By:
s/Curtis A. Tyner
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Curtis A. Tyner
President
EXHIBIT INDEX
Exhibit
Number Description of Exhibit
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*16.1 Letter of Tourville, Simpson and Caskey, LLP regarding change
in certifying accountant.
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* Filed herewith.