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): August 1, 2002

                       High Country Financial Corporation
                       ----------------------------------
             (Exact name of registrant as specified in its charter)


       North Carolina                 000-1177182             01-0731354
       --------------                 -----------             ----------
(State or other jurisdiction      (Commission File No.)      (IRS Employer
 of incorporation)                                           Identification No.)


                               149 Jefferson Road
                           Boone, North Carolina 28607
                           ---------------------------
                    (Address of principal executive offices)


Registrant's telephone number, including area code: (828) 265-4333


                                       N/A
          ------------------------------------------------------------
          (Former name or former address, if changed since last report)


Item 5.  Other Events.

Effective August 1, 2002, David H. Harman resigned his position as a director of
High Country  Financial  Corporation (the  "Registrant")  and as director of its
wholly-owned  bank subsidiary,  High Country Bank (the "Bank") and was appointed
Senior Vice  President and Chief  Financial  Officer of the  Registrant  and the
Bank.  Effective  as of July 31, 2002,  Alan Jackson no longer  serves as Senior
Vice President,  Chief  Operations  Officer and Chief  Financial  Officer of the
Registrant.


                                   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.

                                             HIGH COUNTRY FINANCIAL CORPORATION


Date: September 4, 2002                      By: /s/ John M. Brubaker
                                                 -------------------------------
                                                 John M. Brubaker, President and
                                                  Chief Executive Officer


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