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 (Date of earliest event reported) November 30, 2005

PREMIER FINANCIAL BANCORP, INC.

(Exact name of registrant as specified in its charter)

Kentucky	61-1206757
(State or other jurisdiction of incorporation organization)	(I.R.S. Employer Identification No.)
2883 Fifth Avenue Huntington, West Virginia	25702
(Address of principal executive offices)	(Zip Code)
Registrant’s telephone number (304) 525-1600

Not Applicable

Former name or former address, if changes since last report)

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 (see General Instruction A.2 below):

oWritten communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

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

oPre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act

(17 CFR 240.14d-2(b))

oPre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act

(17 CFR 240.13e-4(c))

PREMIER FINANCIAL BANCORP, INC,

INFORMATION TO BE INCLUDED IN THE REPORT

Item 8.01.Other Events

On November 30, 2005, Premier issued a press release announcing that it intends to redeem $5,000,000 (200,000 shares) of its PFBI Capital Trust 9.75% Preferred Securities (NASDAQ:PFBIP) as of December 30, 2005. The full text of that press release is furnished as Exhibit 99.1.

Item 9.01.Financial Statements and Exhibits

(c) Exhibit 99.1 - Press Release dated November 30, 2005.

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.

PREMIER FINANCIAL BANCORP, INC.

  (Registrant)

   /s/ Brien M. Chase    

Date:  November 30, 2005Brien M. Chase, Vice President

   and Chief Financial Officer

PREMIER FINANCIAL BANCORP, INC,

EXHIBIT INDEX

Exhibit Number	Description
99.1	Press Release dated November 30, 2005, captioned “Premier Financial Bancorp, Inc. To Redeem $5,000,000 of Trust Preferred Securities.”

EX-99

EXHIBIT 99.1

NEWS FOR IMMEDIATE RELEASECONTACT:    BRIEN M. CHASE, CFO

NOVEMBER 30, 2005          (304) 525-1600

PREMIER FINANCIAL BANCORP, INC.

TO REDEEM $5,000,000

OF TRUST PREFERRED SECURITIES

PREMIER FINANCIAL BANCORP, INC. (PREMIER), HUNTINGTON, WEST VIRGINIA (NASDAQ/NMS-PFBI) a community bank holding company with five bank subsidiaries today announced that it intends to redeem $5,000,000 (200,000 shares) of its 9.75% Trust Preferred Securities (NASDAQ/NMS-PFBIP) as of December 30, 2005.

In a letter dated November 16, 2005, Premier requested permission from the Federal Reserve Bank of Cleveland (“FRB”) to redeem an additional $5,000,000 of Trust Preferred Securities. The FRB has granted Premier permission to redeem the $5,000,000 of the outstanding Trust Preferred Securities.

Pursuant to a previously disclosed Written Agreement entered into with the FRB on January 29, 2003, Premier is required to request approval for the payment of early redemptions on its 9.75% Junior Subordinated Deferrable Interest Debentures (“Subordinated Debentures”) related to the Trust Preferred Securities.

The goal of the redemption is to use a portion of Premier’s outstanding cash on hand to reduce its total outstanding debt and corresponding interest cost, thus improving profitability. The redemption will reduce Premier’s interest cost by approximately $487,000 per year. As a result of the early redemption, Premier will accelerate the amortization of approximately $184,000 of the Trust Preferred Securities issuance costs into the fourth quarter of 2005.

Certain Statements contained in this news release, including without limitation statements including the word “believes,”“anticipates,”“intends,”“expects” or words of similar import, constitute “forward-looking statements” within the meaning of section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Premier to be materially different from any future results, performance or achievements of Premier expressed or implied by such forward-looking statements. Such factors include, among others, general economic and business conditions, changes in business strategy or development plans and other factors referenced in this press release. Given these uncertainties, prospective investors are cautioned not to place undue reliance on such forward-looking statements. Premier disclaims any obligation to update any such factors or to publicly announce the results of any revisions to any of the forward-looking statements contained herein to reflect future events or developments.