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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">UNITED STATES</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in">SECURITIES AND EXCHANGE
COMMISSION<BR>
Washington, D.C. 20549<BR>
_____________________</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in">FORM 8-K<BR>
CURRENT REPORT<BR>
Pursuant to<BR>
SECTION 13 OR 15 (d)<BR>
OF THE SECURITIES EXCHANGE ACT OF 1934</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in">_______________________</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in">Date of Report (Date of
earliest event reported): September 25, 2012</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in">PACIFIC FINANCIAL CORPORATION<BR>
(Exact name of registrant as specified in its charter)</P>

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    <TD STYLE="width: 32%; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0in; text-align: center">Washington<BR> (State or other jurisdiction<BR> of incorporation or organization)</TD>
    <TD STYLE="width: 2%; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="width: 32%; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0in; text-align: center">000-29829<BR> (SEC File Number)</TD>
    <TD STYLE="width: 2%; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="width: 32%; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0in; text-align: center">91-1815009<BR> (IRS Employer<BR> Identification No.)</TD>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in">1101 S. Boone Street<BR>
Aberdeen, Washington 98520<BR>
(360) 533-8870<BR>
(Address, including zip code, and telephone number,<BR>
including area code, of Registrant's principal executive offices)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Check the appropriate box below if the Form&nbsp;8-K filing
is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Wingdings">&uml;</FONT> Written communications
pursuant to Rule&nbsp;425 under the Securities Act (17 CFR 230.425)</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Wingdings">&uml;</FONT> Soliciting
material pursuant to Rule&nbsp;14a-12 under the Exchange Act (17 CFR 240.14a-12)</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: -0.25in"><FONT STYLE="font-family: Wingdings">&uml;</FONT>
Pre-commencement communications pursuant to Rule&nbsp;14d-2(b) under the Exchange Act (17&nbsp;CFR 240.14d-2(b))</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: -0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: -0.25in"><FONT STYLE="font-family: Wingdings">&uml;</FONT>
Pre-commencement communications pursuant to Rule&nbsp;13e-4(c) under the Exchange Act (17&nbsp;CFR 240.13e-4(c))</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: -0.25in">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Item 7.01. Regulation FD Disclosure</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">On September 25, 2012, Pacific Financial Corporation&rsquo;s
board of directors approved a share repurchase program authorizing the purchase of up to 250,000 shares of its common stock from
time to time in open market or privately negotiated purchases. The timing and actual number of shares repurchased will depend on
various factors, including price, corporate, regulatory and legal requirements, results of operations, and market conditions. The
corporation&rsquo;s 2012 repurchase program replaces any previously approved programs.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in">SIGNATURES</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">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.</P>

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    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">PACIFIC FINANCIAL CORPORATION</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 48%"><BR>DATED:&nbsp;&nbsp;September 28, 2012</TD>
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 5%">By:</TD>
    <TD STYLE="width: 42%; border-bottom: windowtext 1pt solid"><BR><BR>&nbsp;s/ Denise Portmann</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Denise Portmann<BR> Chief Financial Officer</TD></TR>
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{"company-data": {"conformed-name": "PACIFIC FINANCIAL CORP", "cik": "0001093728", "assigned-sic": "6022", "irs-number": "911815009", "state-of-incorporation": "WA", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-29829", "film-number": "121115848"}, "business-address": {"street1": "1101 S BOONE STREET", "city": "ABERDEEN", "state": "WA", "zip": "98520-5244", "phone": "3605338870"}, "mail-address": {"street1": "1101 S BOONE STREET", "city": "ABERDEEN", "state": "WA", "zip": "98502-5244"}, "former-company": [{"former-conformed-name": "PACIFIC FINANCIAL CORP /", "date-changed": "20000306"}, {"former-conformed-name": "HARBOR BANCORP INC", "date-changed": "19990823"}]}
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): September 25, 2012
PACIFIC FINANCIAL CORPORATION
(Exact name of registrant as specified in its charter)
Washington
(State or other jurisdiction
of incorporation or organization)
000-29829
(SEC File Number)
91-1815009
(IRS Employer
Identification No.)
1101 S. Boone Street
Aberdeen, Washington 98520
(360) 533-8870
(Address, including zip code, and telephone number,
including area code, of Registrant's principal executive offices)
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 7.01. Regulation FD Disclosure
On September 25, 2012, Pacific Financial Corporation's
board of directors approved a share repurchase program authorizing the purchase of up to 250,000 shares of its common stock from
time to time in open market or privately negotiated purchases. The timing and actual number of shares repurchased will depend on
various factors, including price, corporate, regulatory and legal requirements, results of operations, and market conditions. The
corporation's 2012 repurchase program replaces any previously approved programs.
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.
PACIFIC FINANCIAL CORPORATION
DATED:  September 28, 2012
By:
s/ Denise Portmann
Denise Portmann
Chief Financial Officer