PACIFIC FINANCIAL CORP /
8-K, 2000-12-20
STATE COMMERCIAL BANKS
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                       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): December 14, 2000

                          PACIFIC FINANCIAL CORPORATION
             (Exact name of registrant as specified in its charter)

        Washington                    000-29829               91-1815009
(State or other jurisdiction      (SEC File Number)          (IRS Employer
of incorporation or organization)                          Identification No.)

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                             300 East Market Street
                         Aberdeen, Washington 98520-5244
                                 (360) 533-8870
               (Address, including zip code, and telephone number,
        including area code, of Registrant's principal executive offices)
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<PAGE>

      Item 5.  Other Events.

On December 14, 2000,  the Board of Directors of Pacific  Financial  Corporation
voted unanimously to declare a cash dividend to all stockholders of record as of
December 29, 2000 of $1.28 per share payable on or before January 15, 2001. This
is consistent  with the company's  past practice of paying annual cash dividends
to its shareholders.

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<PAGE>



                                   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.

                                    PACIFIC FINANCIAL CORPORATION


DATED:  December 19, 2000                 By: /s/ Dennis A. Long
                                              --------------------------
                                             Dennis A. Long
                                             President

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