8-K

                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:  October 16, 2003
                         (Date of earliest event reported)

                         EAGLE FINANCIAL SERVICES, INC.
             (Exact name of Registrant as specified in its charter)

           Virginia                   0-20146                   54-1601306
(State or other jurisdiction of     (Commission              (I.R.S. Employer
 incorporation or organization)     File Number)            Identification No.)


                   2 East Main Street, Berryville, Virginia  22611
              (Address of principal executive offices, including zip code)


                                 (540) 955-2510
              (Registrant's telephone number, including area code)


                                        1


Item 7.     Financial Statements and Exhibits

          (c)  Exhibits.

               99.1  Press Release issued by Eagle Financial Services, Inc.,
                     dated October 16, 2003.


Item 9.     Regulation FD Disclosure.

               The following information and referenced exhibit are being
furnished under "Item 12. Disclosure of Results of Operations and Financial
Condition."


               On October 16, 2003,  Eagle  Financial  Services,  Inc.  issued a
press release  announcing  its results of  operations  for the nine months ended
September 30, 2003. A copy of the Company's  press  release is  incorporated  by
reference to Exhibit 99.1 of this Form 8-K.


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                                   SIGNATURES

          Pursuant to the  requirements of Section 13 or 15(d) 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,  this 16th day of
October, 2003.

                              Eagle Financial Services, Inc.


                              By:  /s/ JAMES W. MCCARTY, JR.
                                   ---------------------------------
                                   James W. McCarty, Jr.
                                   Vice President, Chief Financial Officer,
                                   and Secretary-Treasurer


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                                  EXHIBIT INDEX


        EXHIBIT NUMBER      DESCRIPTION
        --------------      --------------------------------------------------

             99.1           Press release issued by Company on October 16, 2003.


                                        4

EX-99.1

EXHIBIT 99.1

PRESS RELEASE

Contact:  James W. McCarty, Jr.
          Vice President and Chief Financial Officer
          540-955-2510
          jmccarty@bankofclarke.com

     EAGLE FINANCIAL SERVICES, INC. ANNOUNCES RECORD THIRD QUARTER EARNINGS
                             AND QUARTERLY DIVIDEND

     Berryville,  Virginia,  October 16, 2003 -- EAGLE FINANCIAL SERVICES,  INC.
(OTC BULLETIN BOARD:  EFSI), the holding company for Bank of Clarke County, Bank
of Clarke County Trust Department and Eagle Investment  Services,  announces its
fourth  quarter  dividend and third  quarter  financial  results.  The Company's
common stock is listed for trading on the Over-the-Counter  (OTC) Bulletin Board
under the ticker symbol EFSI.

     A  dividend  of  $0.20  per  share  will be paid on  November  14,  2003 to
shareholders  on record as of November 1, 2003.  This  represents an increase of
$0.03 or 18% over the  November  15,  2002  dividend  of $0.17 per  share.  This
results in a total dividend of $0.75 per share for 2003 as compared to $0.64 for
2002.

     The Company's  net income for the nine months ended  September 30, 2003 was
$3,002,708.  This  represents  a  $321,268  or 12%  increase  over net income of
$2,681,440  for the same period  during 2002.  Earnings per share were $2.02 and
$1.83 for the nine months ended September 30, 2003 and 2002, respectively, which
represents an increase of $0.19 or 10%.

     Total assets of the Company as of September  30, 2003 were $339.5  million,
which represents an increase of $46.9 or 16% from total assets of $292.6 million
as of December 31, 2002.