SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C. 20549

                                    FORM 8-K/A

                                 CURRENT REPORT


Date  of  Report  (Date  of  earliest  event  reported)     JULY  2,  2001

                     PACIFIC  SECURITY  FINANCIAL,  INC.
       (Exact  name  of  registrant  as  specified  in its charter)

        WASHINGTON                 0-6673                    91-0669906
(State or other jurisdiction     (Commission               (IRS Employer
of  incorporation)               File  Number)             Identification
No.)


     N.  10  POST  STREET  325  PEYTON  BUILDING     SPOKANE,  WA  99201
                    (Address  of  principal  executive  offices)

Registrant's  telephone  number,  including  area  code    (509)  444-7700

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






























ITEM  4.  CHANGES  IN  REGISTRANT'S  CERTIFYING  ACCOUNTANTS.

(a)


On July 2, 2001, the Registrant dismissed PricewaterhouseCoopers LLP, the
Registrant's independent accountants (the "Former Accountants") due to the
closure of their local Spokane, Washington office.

The principal accountant's reports on the financial statements for the past
two years have contained no adverse opinion or disclaimer of opinion, nor
were they modified as to uncertainty, audit scope, or accounting principles.

There were no disagreements with the former accountants on any matter of
accounting principles or practices, financial statement disclosure, or auditing
scope or procedure, which, if not resolved to the former accountants
satisfaction, would have caused it to make reference to the subject
matter of the disagreement(s) in connection with its report.

The Registrant has complied with the requirements of Item 304(a)(3) of
Regulation SB with regard to providing the former accountant with a copy of the
disclosure it is making in response to this Item and has requested the former
accountant to furnish a letter addressed to the Commission stating whether it
agrees with the statements made by the Issuer and, if not, stating the respects
in which it does not agree.  The letter addressed to the Commission from the
former accountant stating whether it agrees with the statements made by the
Registrant and, if not, stating the respects in which it does not agree is
attached hereto as Exhibit 16.01.

(b)

On July 6, 2001 the Registrant engaged the accounting firm Moss Adams LLP.
During the years ended July 31, 2000 and 1999 and for the interim period ended
July 6, 2001, the Company did not consult with Moss Adams LLP regarding: (I) the
application of accounting principles to a specified transaction; (ii) the type
of opinion that might be rendered on the Company's Financial Statements; or
(iii) any matter that was the subject of a disagreement with the Registrant's
former accountant or a reportable event (as contemplated by Item 304 of
Regulation SK).


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.


                         PACIFIC  SECURITY  FINANCIAL,  INC.

                                            /s/ David L. Guthrie
Date:     July  13,  2001               By: ---------------------
                                       David  L.  Guthrie,  President