UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                       Washington, DC  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) June 17, 2005


                     NICHOLAS FINANCIAL, INC.
      (Exact name of registrant as specified in its Charter)


    British Columbia, Canada       0-26680          8736-3354
(State or Other Jurisdiction of  (Commission    (I.R.S. Employer
 Incorporation  or  Organization) File  Number)  Identification No.)

  2454 McMullen Booth Road, Building C
          Clearwater, Florida                           33759
  (Address of Principal Executive Offices)           (Zip Code)


                          (727) 726-0763
       (Registrant's telephone number, Including area code)


                          Not applicable
      (Former name, former address and former fiscal year, if
                   changed since last report)



<PAGE> 1


Item 8.01   Other Events

June  17, 2005 - Clearwater, Florida. - Nicholas Financial, Inc.
(Nasdaq,  NICK),  today announced the opening of  a  new  branch
office  location  in Indianapolis, Indiana.   The  new  location
continues  the Company's planned expansion of its branch  office
network,  which now includes thirty-six (36) branch  offices  in
Florida,  Georgia,  North  Carolina, South  Carolina,  Virginia,
Ohio, Michigan, Kentucky and now Indiana.  The new branch office
is  a  full-service  lending and collection facility.   Nicholas
employees  have been working to develop business in Indianapolis
for several months prior to the opening of the new facility. The
branch has approximately $1,000,000 in outstanding loans on  its
books at this time.



Item 9.01      Financial Statements and Exhibits

Exhibit # Description

 99.3    Press release dated June 17, 2005, announcing the
          opening of the Indianapolis, Indiana branch office.


<PAGE> 2


                           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, hereunto duly authorized.


                    NICHOLAS FINANCIAL, INC.
                          (Registrant)


  Date: June 17, 2005           /s/ Peter L. Vosotas
                                Peter L. Vosotas
                                Chairman, President, Chief
                                Executive Officer
                                (Principal Executive Officer)


    Date: June 17, 2005         /s/ Ralph T. Finkenbrink
                                Ralph T. Finkenbrink
                                (Principal Financial
                                Officer and Accounting Officer)

<PAGE> 3

Exhibit Index

Exhibit   Description

 99.3    Press release dated June 17, 2005, announcing the
          opening of the Indianapolis, Indiana branch office.


<PAGE> 4

                          Exhibit 99.3


                     FOR IMMEDIATE RELEASE


Nicholas Financial, Inc.
Corporate Headquarters

2454 McMullen-Booth Rd.
Building C
Clearwater, FL 33759

Contact: Ralph Finkenbrink
         Sr. Vice President, CFO

Web site:www.nicholasfinancial.com
NASDAQ: NICK
Ph # - 727-726-0763


       Nicholas Financial Launches Expansion into Indiana
               with Opening of Indianapolis Branch

June  17, 2005 - Clearwater, Florida. - Nicholas Financial, Inc.
(Nasdaq,  NICK),  today announced the opening of  a  new  branch
office  location  in Indianapolis, Indiana.   The  new  location
continues  the Company's planned expansion of its branch  office
network,  which now includes thirty-six (36) branch  offices  in
Florida,  Georgia,  North  Carolina, South  Carolina,  Virginia,
Ohio, Michigan, Kentucky and now Indiana.  The new branch office
is  a  full-service  lending and collection facility.   Nicholas
employees  have been working to develop business in Indianapolis
for several months prior to the opening of the new facility. The
branch has approximately $1,000,000 in outstanding loans on  its
books at this time.

Commenting on Nicholas Financial's, newly opened branch  office,
Doug  Marohn  Vice President of Sales stated, "During  the  past
year  we  have been especially pleased with our success in  this
area  of  Indiana.  We are cultivating several  new  markets  in
regions  around  the  country  in  keeping  with  the  Company's
expansion  plans.   In  addition,  the  Company  currently   has
employees  in  place  to  develop  business  in  several   other
locations, primarily in the Southeast."

Nicholas  Financial will hold its 20th annual meeting on  August
10  at 10:00 AM EDT at its Corporate Headquarters in Clearwater,
Florida.



Founded  in  1985, with assets of $120,815,000 as of  March  31,
2005,  Nicholas  Financial, Inc. is one of the largest  publicly
traded  specialty  consumer  finance  companies  based  in   the
Southeast. The Company presently operates out of 36 full-service
branch  locations in both the Southeast and the Mid-West States.
For  an index of Nicholas Financial Inc.'s news releases  or  to
obtain    a    specific   release,   visit   our   website    at
www.nicholasfinancial.com.




                           ##  End ##
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                       Washington, DC  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) June 17, 2005

                     NICHOLAS FINANCIAL, INC.
      (Exact name of registrant as specified in its Charter)

    British Columbia, Canada       0-26680          8736-3354
(State or Other Jurisdiction of  (Commission    (I.R.S. Employer
 Incorporation  or  Organization) File  Number)  Identification No.)

  2454 McMullen Booth Road, Building C
          Clearwater, Florida                           33759
  (Address of Principal Executive Offices)           (Zip Code)

                          (727) 726-0763
       (Registrant's telephone number, Including area code)

                          Not applicable
      (Former name, former address and former fiscal year, if
                   changed since last report)
1

Item 8.01   Other Events

June  17, 2005 - Clearwater, Florida. - Nicholas Financial, Inc.
(Nasdaq,  NICK),  today announced the opening of  a  new  branch
office  location  in Indianapolis, Indiana.   The  new  location
continues  the Company's planned expansion of its branch  office
network,  which now includes thirty-six (36) branch  offices  in
Florida,  Georgia,  North  Carolina, South  Carolina,  Virginia,
Ohio, Michigan, Kentucky and now Indiana.  The new branch office
is  a  full-service  lending and collection facility.   Nicholas
employees  have been working to develop business in Indianapolis
for several months prior to the opening of the new facility. The
branch has approximately $1,000,000 in outstanding loans on  its
books at this time.

Item 9.01      Financial Statements and Exhibits

Exhibit # Description

 99.3    Press release dated June 17, 2005, announcing the
          opening of the Indianapolis, Indiana branch office.
2

                           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, hereunto duly authorized.

                    NICHOLAS FINANCIAL, INC.
                          (Registrant)

  Date: June 17, 2005           /s/ Peter L. Vosotas
                                Peter L. Vosotas
                                Chairman, President, Chief
                                Executive Officer
                                (Principal Executive Officer)

    Date: June 17, 2005         /s/ Ralph T. Finkenbrink
                                Ralph T. Finkenbrink
                                (Principal Financial
                                Officer and Accounting Officer)
3

Exhibit Index

Exhibit   Description

 99.3    Press release dated June 17, 2005, announcing the
          opening of the Indianapolis, Indiana branch office.
4

                          Exhibit 99.3

                     FOR IMMEDIATE RELEASE

Nicholas Financial, Inc.
Corporate Headquarters

2454 McMullen-Booth Rd.
Building C
Clearwater, FL 33759

Contact: Ralph Finkenbrink
         Sr. Vice President, CFO

Web site:www.nicholasfinancial.com
NASDAQ: NICK
Ph # - 727-726-0763

       Nicholas Financial Launches Expansion into Indiana
               with Opening of Indianapolis Branch

June  17, 2005 - Clearwater, Florida. - Nicholas Financial, Inc.
(Nasdaq,  NICK),  today announced the opening of  a  new  branch
office  location  in Indianapolis, Indiana.   The  new  location
continues  the Company's planned expansion of its branch  office
network,  which now includes thirty-six (36) branch  offices  in
Florida,  Georgia,  North  Carolina, South  Carolina,  Virginia,
Ohio, Michigan, Kentucky and now Indiana.  The new branch office
is  a  full-service  lending and collection facility.   Nicholas
employees  have been working to develop business in Indianapolis
for several months prior to the opening of the new facility. The
branch has approximately $1,000,000 in outstanding loans on  its
books at this time.

Commenting on Nicholas Financial's, newly opened branch  office,
Doug  Marohn  Vice President of Sales stated, "During  the  past
year  we  have been especially pleased with our success in  this
area  of  Indiana.  We are cultivating several  new  markets  in
regions  around  the  country  in  keeping  with  the  Company's
expansion  plans.   In  addition,  the  Company  currently   has
employees  in  place  to  develop  business  in  several   other
locations, primarily in the Southeast."

Nicholas  Financial will hold its 20th annual meeting on  August
10  at 10:00 AM EDT at its Corporate Headquarters in Clearwater,
Florida.

Founded  in  1985, with assets of $120,815,000 as of  March  31,
2005,  Nicholas  Financial, Inc. is one of the largest  publicly
traded  specialty  consumer  finance  companies  based  in   the
Southeast. The Company presently operates out of 36 full-service
branch  locations in both the Southeast and the Mid-West States.
For  an index of Nicholas Financial Inc.'s news releases  or  to
obtain    a    specific   release,   visit   our   website    at
www.nicholasfinancial.com.

                           ##  End ##