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)
                                  June 25, 2003


                            BEDFORD BANCSHARES, INC.
             ------------------------------------------------------
             (Exact name of Registrant as specified in its Charter)




        Virginia                     0-24330                54-1709924
- ----------------------------      --------------           -------------
(State or other jurisdiction      (SEC File No.)           (IRS Employer
of incorporation)                                      Identification Number)




125 West Main Street, Bedford, Virginia                         24523
- ---------------------------------------                         -----
(Address of principal executive offices)                     (Zip Code)



Registrant's telephone number, including area code:         (540) 586-2590
                                                            --------------



                                 Not Applicable
          -------------------------------------------------------------
          (Former name or former address, if changed since last Report)




                      INFORMATION TO BE INCLUDED IN REPORT
                      ------------------------------------



Item 5.  Other Events
- -------  ------------

         On June 25, 2003, the Registrant announced that at a special meeting of
its stockholders  held on June 25, 2003, the definitive merger agreement between
FNB   Corporation   and  the  Registrant   was  approved  by  the   Registrant's
stockholders.  A copy  of the  press  release  regarding  such  announcement  is
incorporated herein by reference in its entirety as Exhibit 99.


Item 7.  Financial Statements, Pro Forma Financial Information
             and Exhibits
- --------------------------------------------------------------


Exhibit
Number                         Description
- ------                         -----------

  99              Press Release dated June 25, 2003






                                   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.


                                              BEDFORD BANCSHARES, INC.



Date: June 26, 2003                           By:    /s/Harold K. Neal
                                                     ---------------------------
                                                     Harold K. Neal
                                                     President