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
January 6, 2004
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(Date of earliest event reported)
PARKVALE FINANCIAL CORPORATION
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(Exact name of Registrant)
Pennsylvania 000-17411 25-1556590
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(State or Other (Commission (IRS Employer
Jurisdiction of File Number) Identification No.)
Incorporation)
4220 William Penn Hwy
Monroeville, Pennsylvania 15146
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code:(412) 373-7200
Item 4. Changes in Registrant's Certifying Accountant
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(a) Previous Independent Accountants
On January 6, 2004, Ernst and Young, LLP ("E&Y") informed Parkvale
Financial Corporation (the "Company") that it has resigned as the independent
accountants for the Company for the fiscal year ending June 30, 2004. E&Y and
the Company were not able to agree on financial arrangements for proposed audit
services. The client-auditor relationship between the Company and E&Y will cease
no later than completion of second quarter review procedures.
The reports of E&Y on the Company's financial statements for the past
two fiscal years contain no adverse opinion or disclaimer of opinion and were
not qualified or modified as to uncertainty, audit scope or accounting
principle.
In connection with its audits for the two most recent fiscal years and
through January 6, 2004, the date of this 8-K, there have been no disagreements
with E&Y 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 E&Y would have caused them to make reference
thereto in their report on the financial statements for such years.
During the two most recent fiscal years and through January 6, 2004,
the date of this 8-K, there have been no reportable events (as defined in
Regulation S-K Item 304(a)(1)(v)). The Company has requested that E&Y furnish it
with a letter addressed to the Securities and Exchange Commission stating
whether E&Y agrees with above statements. A copy of that letter, dated January
13, 2004, is attached as Exhibit 16.1 to this Form 8-K.
(b) New Independent Accountants
The Company's Audit-Finance Committee is in the process of accepting
proposals from other firms to serve as new independent public accountants for
the fiscal year ending June 30, 2004.
Item 7. Exhibits
16.1. Letter from E&Y to the Securities and Exchange Commission dated
January 13, 2004
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.
January 13, 2004 Parkvale Financial Corporation
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(Registrant)
By: /s/ Robert J. McCarthy, Jr.
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Robert J. McCarthy, Jr.
President and Chief Executive Officer
By: /s/ Timothy G. Rubritz
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Timothy G. Rubritz
Vice President and Chief Financial Officer