U.S. SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                   ----------

                                    FORM 8-K

                                 CURRENT REPORT


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

        Date of Report ( Date of earliest event reported ) March 4, 1998

                             TRIANGLE BANCORP, INC.

     North Carolina                   0-21346                    56-1764546
(State or other jurisdiction        (Commission                (IRS Employer
    of incorporation)               File Number)             Identification No.)

4300 Glenwood Avenue, Raleigh, North Carolina                      27612
(Address of principal executive offices)                         (Zip Code)

Registrant's telephone number, including area code            (919) 881-0455





Item 5. Other Information

On March 4, 1998,Triangle Bancorp, Inc. ("Triangle") executed an Agreement and
Plan of Reorganization and Merger (the "Merger Agreement") with United Federal
Savings Bank, Rocky Mount, North Carolina ("United Federal"), whereby United
Federal will be merged with and into Triangle's wholly-owned bank subsidiary,
Triangle Bank ("Triangle"). The transaction is subject to the receipt of
regulatory approvals and the approval of United Federal's shareholders as well
as the satisfaction of various other conditions.

Pursuant to the terms of the Merger Agreement, Triangle will exchange 0.63
shares of its common stock for each share of United Federal's common stock
issued and outstanding, subject to adjustment as provided in the Merger
Agreement. It is contemplated the transaction will be accounted for as a pooling
of interests and the stock exchange will qualify as a tax free reorganization.
As of December 31, 1997, United Federal had approximately $304 million in
assets, $266 million in deposits and $22 million in shareholders' equity. United
Federal operates 13 branches in eastern North Carolina and a loan origination
office in both Charlotte and Wilmington, North Carolina.

Item 7. Exhibits

10(a)   Agreement and Plan of Reorganization and Merger dated March 4, 1998 by
        and among Triangle Bancorp, Inc., Triangle Bank and United Federal
        Savings Bank

10(b)   Press Release


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                                   SIGNATURES

Pursuant to the requirements of the Securities and Exchange Act of 1934,
Triangle Bancorp, Inc. has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.


                                             TRIANGLE BANCORP, INC.
                                                  (Registrant)



                                                  /s/ Debra L. Lee
Date  March 11, 1998                          By: ______________________________
                                                  Debra L. Lee
                                                  Chief Financial Officer


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