content: <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):  June
  10, 1997
  
  
                     United Security Bancorporation
           (Exact Name of Registrant as Specified in Charter)
  
  
            Washington           0-18561            91-1259511
            ----------           -------            ----------
  (State or other jurisdiction   (Commission        (IRS
  Employer Identi-
          of incorporation)       File Number)       fication
  Number)
  
         9506 North Newport Highway, Spokane, Washington 99218-
  1200
         -----------------------------------------------------
  -----
              (Address of principal executive offices/Zip
  Code)
  
     Registrant's telephone number, including area code:
  (509) 467-6949
     ---------------------------------------------------------
  ----------
  
                      Item 5.  Other Events
  
  Subsequent to the disclosures made in the Company's 1996
  Form 10-KSB and the Form 8-K filed on April 4, 1997 the
  following additional information is now available regarding
  the embezzlement activities at the Company's subsidiary,
  Home Security Bank ("HSB").
  
  Management believes that the embezzler began the embezzling
  activities in 1989 and continued such activity into 1996.
  Funds were taken in small increments over eight years from
  customer certificate of deposit accounts entrusted to the
  embezzlers supervision.
  
  HSB had, and continues to have, specific internal controls
  in place designed to prevent fraud of this kind.  Internal
  control policies and procedures include segregation of
  duties, cash drawers maintained only by tellers, cashier's
  checks payable to customers and not banks, and early
  withdrawal penalties when funds are drawn from certificates
  of deposit during their term.  The internal controls were
  circumvented without detection because, as previously
  reported, the embezzler had a personal relationship with the
  president of HSB, and as vice-president of operations of
  HSB, the embezzler was in a position that commanded trust
  and respect.  HSB employees were therefore reluctant to
  challenge or even question the embezzlers directives.
  
  In April 1996, the president of HSB resigned for reasons
  unrelated to the embezzlement.  In August 1996, the Company
  terminated the embezzler
  
                                      1
  <PAGE>
  
  because of disagreements with the Company.  The
  disagreements were
  unrelated to the embezzlement.  Approximately two weeks
  after the
  termination of the embezzler the Company became aware of the
  embezzlement through researching customer questions.
  Previously these questions would have been answered by the
  embezzler.
  
  HSB has revised its internal control procedures to prevent
  similar embezzlement in the future.  The revisions include a
  review of all personal relationships between senior
  management, early withdrawals of certificates of deposit
  must be accompanied by a special review of early withdrawal
  penalties, new accounts personnel are not allowed to
  maintain a teller cash drawer, cashier checks are reviewed
  to determine payment is made only to a customer, and
  certificate of deposit withdrawals are only made by cashier
  check, not cash.
  
  The Company and HSB have filed a claim with its insurance
  carrier.  No further information is available at this time.
  
  SIGNATURES
  
  Pursuant to the requirements of the Security Exchange Act of
  1934, the registrant has duly caused this report to be
  signed on its behalf by the undersigned thereunto duly
  authorized.
  
  Dated:  June 10, 1997
  
                           UNITED SECURITY BANCORPORATION
  
                           By:  /s/ Chad Galloway
                           ------------------------------
                           Name:    Chad Galloway
                           Title:   Vice President and
                                    Chief Financial Officer
  
  
  
                                     2
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metadata_filer: {"company-data": {"conformed-name": "UNITED SECURITY BANCORPORATION", "cik": "0000726990", "assigned-sic": "6022", "irs-number": "911259511", "state-of-incorporation": "WA", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-18561", "film-number": "97621710"}, "business-address": {"street1": "9506 N NEWPORT HWY", "city": "SPOKANE", "state": "WA", "zip": "99218", "phone": "5094676949"}, "mail-address": {"street1": "9506 N NEWPORT HWY", "city": "SPOKANE", "state": "WA", "zip": "99218"}}
text: 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):  June
  10, 1997
  
                     United Security Bancorporation
           (Exact Name of Registrant as Specified in Charter)
  
            Washington           0-18561            91-1259511
            ----------           -------            ----------
  (State or other jurisdiction   (Commission        (IRS
  Employer Identi-
          of incorporation)       File Number)       fication
  Number)
  
         9506 North Newport Highway, Spokane, Washington 99218-
  1200
         -----------------------------------------------------
  -----
              (Address of principal executive offices/Zip
  Code)
  
     Registrant's telephone number, including area code:
  (509) 467-6949
     ---------------------------------------------------------
  ----------
  
                      Item 5.  Other Events
  
  Subsequent to the disclosures made in the Company's 1996
  Form 10-KSB and the Form 8-K filed on April 4, 1997 the
  following additional information is now available regarding
  the embezzlement activities at the Company's subsidiary,
  Home Security Bank ("HSB").
  
  Management believes that the embezzler began the embezzling
  activities in 1989 and continued such activity into 1996.
  Funds were taken in small increments over eight years from
  customer certificate of deposit accounts entrusted to the
  embezzlers supervision.
  
  HSB had, and continues to have, specific internal controls
  in place designed to prevent fraud of this kind.  Internal
  control policies and procedures include segregation of
  duties, cash drawers maintained only by tellers, cashier's
  checks payable to customers and not banks, and early
  withdrawal penalties when funds are drawn from certificates
  of deposit during their term.  The internal controls were
  circumvented without detection because, as previously
  reported, the embezzler had a personal relationship with the
  president of HSB, and as vice-president of operations of
  HSB, the embezzler was in a position that commanded trust
  and respect.  HSB employees were therefore reluctant to
  challenge or even question the embezzlers directives.
  
  In April 1996, the president of HSB resigned for reasons
  unrelated to the embezzlement.  In August 1996, the Company
  terminated the embezzler
  
                                      1
  because of disagreements with the Company.  The
  disagreements were
  unrelated to the embezzlement.  Approximately two weeks
  after the
  termination of the embezzler the Company became aware of the
  embezzlement through researching customer questions.
  Previously these questions would have been answered by the
  embezzler.
  
  HSB has revised its internal control procedures to prevent
  similar embezzlement in the future.  The revisions include a
  review of all personal relationships between senior
  management, early withdrawals of certificates of deposit
  must be accompanied by a special review of early withdrawal
  penalties, new accounts personnel are not allowed to
  maintain a teller cash drawer, cashier checks are reviewed
  to determine payment is made only to a customer, and
  certificate of deposit withdrawals are only made by cashier
  check, not cash.
  
  The Company and HSB have filed a claim with its insurance
  carrier.  No further information is available at this time.
  
  SIGNATURES
  
  Pursuant to the requirements of the Security Exchange Act of
  1934, the registrant has duly caused this report to be
  signed on its behalf by the undersigned thereunto duly
  authorized.
  
  Dated:  June 10, 1997
  
                           UNITED SECURITY BANCORPORATION
  
                           By:  /s/ Chad Galloway
                           ------------------------------
                           Name:    Chad Galloway
                           Title:   Vice President and
                                    Chief Financial Officer
  
                                     2