UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934
FORM 8-K
Date of Report (Date of earliest event reported) July 16, 2003
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VOLUNTEER BANCORP, INC.
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(Exact name of registrant as specified in its charter)
Tennessee 000-22473 62-1271025
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(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
210 E. Main Street, Rogersville, Tennessee 37879
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (423) 272-2200
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Not Applicable
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(Former name,former address and former fiscal year,if changed since last report)
INFORMATION TO BE INCLUDED IN THE REPORT
Item 4. Changes in Registrant's Certifying Accountant.
On July 16, 2003, the Board of Directors of Volunteer Bancorp, Inc. (the
"Company") dismissed Welch & Associates, Ltd. ("Welch") as the Company's
independent auditors and engaged Crowe Chizek and Company LLC ("Crowe Chizek")
to serve as the Company's independent auditors for the year ended December 31,
2003. The determination to replace Welch was recommended by the audit committee
and approved by the full Board of Directors of the Company.
The report of Welch with respect to the Company for the years ended
December 31, 2001 and December 31, 2002 contained no adverse opinion or
disclaimer of opinion and was not qualified or modified as to uncertainty, audit
scope or accounting principles. During the years ended December 31, 2001 and
December 31, 2002 and through the date hereof, there were no disagreements
between the Company and Welch 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 Welch, would have caused
Welch to make reference to the subject matter of the disagreements in its report
on the Company's financial statements for such year.
During the last two completed fiscal years and through the date hereof, the
Company did not consult with Crowe Chizek regarding either the application of
accounting principles to a specified transaction, the type of audit opinion that
might be rendered on the Company's financial statements or any matter that was
the subject of a disagreement or reportable event with Welch.
Pursuant to Item 304(a)(3) of Regulation S-K, the Company has requested
that Welch furnish it with a letter addressed to the Securities and Exchange
Commission stating whether or not Welch agrees with the above statements. A copy
of such letter, dated July 21, 2003, is filed as Exhibit 16 to this Form 8-K.
Item 7. Financial Statements and Exhibits.
(c) Exhibits.
The following exhibits are filed pursuant to Item 601 of Regulation S-K:
Exhibit
Number Description
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16 Letter from Welch & Associates, Ltd. to the Securities and Exchange
Commission dated July 21, 2003.
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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 thereunto duly authorized.
VOLUNTEER BANCORP, INC.
Date: July 21, 2003
By: /s/ Reed D. Matney
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Reed D. Matney
President
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