1 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): March 7, 2003 ------------- Union Financial Bancshares, Inc. -------------------------------- (Exact name of registrant as specified in its charter) Delaware 1-5735 57-1001177 -------- ------------ ----------- (State or other Jurisdiction of (Commission (IRS Employer incorporation or organization) File Number) Identification No.) 203 West Main Street, Union, South Carolina 29379-0886 - ------------------------------------------- ---------- (Address of principal executive offices) (Zip Code) (864) 427-9000 -------------- (Registrant's telephone number, including area code) Not Applicable -------------- (Former name or former address, if changed since last report.) 2 ITEM 5. OTHER EVENTS. ------------ On March 7, 2003, Union Financial Bancshares, Inc. (the "Company") issued a press release announcing that it has submitted an application to the Office of the Comptroller of the Currency to convert the charter of its banking subsidiary, Provident Community Bank, from a federal savings bank to a national bank. A press release announcing the Company's submission of the conversion application to the Office of the Comptroller of the Currency is attached as Exhibit 99.1 ITEM 7. FINANCIAL STATEMENTS AND OTHER EXHIBITS. --------------------------------------- Exhibit 99.1 Press release issued on March 7, 2003 2 3 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. UNION FINANCIAL BANCSHARES, INC. Dated: March 7, 2003 By: /s/Dwight V. Neese ------------------------------------- Dwight V. Neese President and Chief Executive Officer 3