PREMIERWEST BANCORP
8-K, 2000-10-26
FINANCE SERVICES
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                                 UNITED STATES
                      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):  October 16, 2000


                              PremierWest Bancorp
            (Exact Name of Registrant as specified in its charter)


    Oregon                           333 - 96209               93-1282171
-----------------                   -------------           ------------------
(State or other                      (Commission             (IRS Employer
  jurisdiction                       File Number)           Identification No.
of incorporation)

1455 East McAndrews Rd, Medford, Oregon                                97504
---------------------------------------                               --------
Address of Principal Executive Office                                 Zip Code

Registrant's telephone number including area code:  541-618-6003


(Former name or former address, if changed since last report): Not applicable

<PAGE>

Item 7. Financial Statements and Exhibits

     (a)  Financial statements of businesses acquired.

          Not applicable.

     (b)  Pro forma financial information.

          Not applicable.

     (c)  Exhibits.

          The following  exhibits are filed herewith and this  constitutes the
          exhibit index:

     Exhibit

     99   Press Release


Item 9. Regulation FD Disclosure

     On  October  16,  2000,  PremierWest  Bancorp  issued  a  press  release,
including certain forward looking  statements,  announcing its entering into a
definitive  agreement for the  acquisition of Timberline  Bancshares,  Inc. by
PremierWest  Bancorp  and  the  merger  of  Timberline   Community  Bank  into
PremierWest  Bank,  PremierWest  Bancorp's  banking  subsidiary.  All  of  the
information in the press release, appearing in Exhibit 99, is not filed but is
furnished pursuant to Regulation FD.



                                  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.

                                    PREMIERWEST BANCORP (Registrant)


Date: October 25, 2000              By: /s/ Bruce R. McKee
                                        ---------------------------------------
                                        Bruce R. McKee, Chief Financial Officer



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