UNITED STATES
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): March 2, 2011

PremierWest Bancorp
(Exact Name of Registrant as specified in its charter)

Registrant's telephone number including area code     541-618-6003

(Former name or former address, if changed since last report)
Not applicable

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[  ]     Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[  ]     Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[  ]     Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[  ]     Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 8.01      Other Events.

On March 2, 2011, PremierWest Bancorp (the “Company”) announced that on February 28, 2011, the Nasdaq Stock Market (“Nasdaq”) notified the Company that it had regained compliance with Listing Rule 5550(a)(2) for continued listing on The Nasdaq Capital Market by maintaining a minimum bid price of $1.00 per share for 10 consecutive business days, and that the compliance matter raised in the March 2010 Nasdaq letter is now closed.  Effective March 11, 2011, the Company’s stock symbol will return to PRWT.

SIGNATURE

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.