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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0000912057-01-000202.txt : 20010122
<SEC-HEADER>0000912057-01-000202.hdr.sgml : 20010122
ACCESSION NUMBER:		0000912057-01-000202
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20001231
ITEM INFORMATION:		
FILED AS OF DATE:		20010104

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			LIFE FINANCIAL CORP
		CENTRAL INDEX KEY:			0001028918
		STANDARD INDUSTRIAL CLASSIFICATION:	SAVINGS INSTITUTION, FEDERALLY CHARTERED [6035]
		IRS NUMBER:				330743196
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		
		SEC FILE NUMBER:	000-22193
		FILM NUMBER:		1501568

	BUSINESS ADDRESS:	
		STREET 1:		10540 N MAGNOLIA ACE
		STREET 2:		UNIT B
		CITY:			RIVERSIDE
		STATE:			CA
		ZIP:			92503
		BUSINESS PHONE:		9096374000

	MAIL ADDRESS:	
		STREET 1:		1598 EAST HIGHLAND AVENUE
		CITY:			SAN BERNADINO
		STATE:			CA
		ZIP:			92404
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>a2034515z8-k.txt
<DESCRIPTION>FORM 8-K
<TEXT>

<PAGE>

                       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): December 31, 2000


                           LIFE FINANCIAL CORPORATION
             (Exact Name of Registrant as Specified in its Charter)


                                     0-22193
                              (Commission File No.)


                DELAWARE                                    33-0743195
      (State or Other Jurisdiction                         (IRS Employer
            of Incorporation)                           Identification No.)


            10540 Magnolia Avenue, Suite B, Riverside, CA 92503-1814
               (Address of Principal Executive Offices) (Zip Code)


                                 (909) 637-4000
              (Registrant's Telephone Number, Including Area Code)


                                 Not Applicable
          (Former Name or Former Address, If Changed Since Last Report)


<PAGE>

ITEM 5.  OTHER EVENTS.

         Robert K. Riley resigned as a director of Life Financial Corporation
and its wholly-owned subsidiary, Life Bank, effective December 31, 2000. Mr.
Riley is a former Chairman of the Board of Life Bank and a former President and
Chief Executive Officer of Life Financial Corporation and Life Bank.


                                   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.

                                     LIFE FINANCIAL CORPORATION


Dated:  January 3, 2001              By:  /s/ STEVEN R. GARDNER
                                          ---------------------
                                           Steven R. Gardner
                                           President and Chief Executive Officer


                                      -2-
</TEXT>
</DOCUMENT>
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