SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20552


                                    FORM 8-K

                                 CURRENT REPORT

                       Pursuant to Section 13 or 15(d) of
                       the Securities Exchange Act of 1934


                                November 10, 2003
                Date of Report (Date of earliest event reported)




                              RESERVE BANCORP, INC.
           -----------------------------------------------------------
             (Exact name of Registrant as specified in its Charter)


        Pennsylvania                      0- 49696              23-3102103
- -----------------------------          --------------        ----------------
(State or other jurisdiction             (File No.)             (IRS Employer
     of incorporation)                                    Identification Number)


2000 Mt. Troy Road, Pittsburgh, Pennsylvania                       15212
- ---------------------------------------------                    ----------
(Address of principal executive offices)                         (Zip Code)


Registrant's telephone number, including area code: (412) 322-6107
                                                    ---------------


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





                              RESERVE BANCORP, INC.

                      INFORMATION TO BE INCLUDED IN REPORT


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

     On November 10, 2003, the Registrant  announced that its Board of Directors
has declared a semi-annual  cash dividend of $.10 per share to  stockholders  of
record as of December 15, 2003, payable on or about December 31, 2003

     The Registrant also announced the appointment of a new director,  Mr. Brian
S. Allen, to the Board seat of deceased director, Fred Maitz, Jr.

     For further details,  reference is made to the Press Release dated November
10, 2003, which is attached hereto as Exhibit 99 and incorporated herein by this
reference.


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

         (c) Exhibits.

                  99       Press Release dated November 10, 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.



                                                     RESERVE BANCORP, INC.



Date: November 10, 2003              By:  /s/Robert B. Kastan
                                          --------------------------------------
                                          Robert B. Kastan, Treasurer/Controller