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  <H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=4>SECURITIES AND
  EXCHANGE COMMISSION <BR>WASHINGTON, D.C. 20549 <BR>_________________</FONT></H1>
  
  
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  <H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=4>FORM S-8 </FONT></H1>
  
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  <H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=4>REGISTRATION STATEMENT <BR>UNDER <BR>
  THE SECURITIES ACT OF
  1933<BR> _________________ </FONT></H1>
  
  
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  <P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=4><B>PREMIERWEST BANCORP</B> </FONT><BR>
  <FONT FACE="Times New Roman, Times, Serif" SIZE=3>(Exact Name of
  Registrant as Specified in Its Charter) </FONT></P>
  
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       <TD WIDTH="20%"><FONT SIZE="3"></FONT></TD>
       <TD WIDTH="20%" ALIGN=CENTER><FONT SIZE="3">Oregon</FONT></TD>
       <TD WIDTH="20%"><FONT SIZE="3"></FONT></TD>
       <TD WIDTH="20%" ALIGN=CENTER><FONT SIZE="3">93-1282171</FONT></TD>
       <TD WIDTH="20%"><FONT SIZE="3"></FONT></TD></TR>
  <TR VALIGN="TOP">
       <TD><FONT SIZE="3"></FONT></TD>
       <TD ALIGN=CENTER><FONT SIZE="3">(State or Other Jurisdiction of<BR>Incorporation or Organization)</FONT></TD>
       <TD><FONT SIZE="3"></FONT></TD>
       <TD ALIGN=CENTER><FONT SIZE="3">(I.R.S. Employer<BR>Identification No.)</FONT></TD>
       <TD><FONT SIZE="3"></FONT></TD></TR>
  </TABLE>
  
  
  
  
  
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  <P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>503 Airport Road,
  Medford, OR 97504 <BR>(Address of Principal
  Executive Offices, including Zip Code) </FONT></P>
  
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  <P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=4><B>PREMIERWEST BANCORP
  401(K) PROFIT SHARING PLAN</B> </FONT><BR><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
  (Full Title of the Plan) </FONT></P>
  
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  <P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>John L. Anhorn <BR>Chief Executive Officer
  <BR>PremierWest Bancorp <BR>503 Airport Road,
  Medford, OR 97504 <BR>(Name and Address of
  Agent for Service) </FONT></P>
  
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  <P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>(541) 618-6003 <BR>(Telephone Number,
  Including Area Code, of Agent for Service)<BR>_________________  </FONT></P>
  
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       <P ALIGN=CENTER></P>
  
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  <P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Copy to:
  <BR>Ryan J. York <BR>Davis Wright Tremaine <BR>1300 SW Fifth Avenue,
  Suite 2300 <BR>Portland, Oregon 97201 <BR>(503) 241-2300 </FONT></P>
  
  
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  <TR VALIGN="BOTTOM">
       <TH COLSPAN=5>CALCULATION OF REGISTRATION FEE</TH></TR>
  <TR VALIGN="TOP">
       <TD WIDTH="20%"><HR NOSHADE COLOR=BLACK SIZE=2>Title of Securities to<BR>be Registered (1)</TD>
       <TD WIDTH="20%"><HR NOSHADE COLOR=BLACK SIZE=2>Amount to be<BR>Registered (1)(2)(3)(4)</TD>
       <TD WIDTH="20%"><HR NOSHADE COLOR=BLACK SIZE=2>Proposed Maximum<BR>Offering Price Per<BR>Share(4)</TD>
       <TD WIDTH="20%"><HR NOSHADE COLOR=BLACK SIZE=2>Proposed Maximum<BR>Aggregate Offering<BR>Price</TD>
       <TD WIDTH="20%"><HR NOSHADE COLOR=BLACK SIZE=2>Amount of<BR>Registration Fee</TD></TR>
  <TR VALIGN="TOP">
       <TD><HR NOSHADE COLOR=BLACK SIZE=1></TD>
       <TD><HR NOSHADE COLOR=BLACK SIZE=1></TD>
       <TD><HR NOSHADE COLOR=BLACK SIZE=1></TD>
       <TD><HR NOSHADE COLOR=BLACK SIZE=1></TD>
       <TD><HR NOSHADE COLOR=BLACK SIZE=1></TD></TR>
  <TR VALIGN="TOP">
       <TD>Common Stock<HR NOSHADE COLOR=BLACK SIZE=2></TD>
       <TD>280,000<HR NOSHADE COLOR=BLACK SIZE=2></TD>
       <TD>$9.32<HR NOSHADE COLOR=BLACK SIZE=2></TD>
       <TD>$2,609,600<HR NOSHADE COLOR=BLACK SIZE=2></TD>
       <TD>$211.12<HR NOSHADE COLOR=BLACK SIZE=2></TD></TR>
  </TABLE>
  
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                 <TD ALIGN=RIGHT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(1) </FONT></TD>
                 <TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
                 <TD WIDTH=94%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
                 Represents an estimate of the maximum number of shares that may be acquired in
                 open market purchases under the PremierWest Bancorp 401(k) Profit Sharing Plan
                 (the &#147;Plan&#148;). </FONT></P></TD>
                 </TR>
                 </TABLE>
                 <BR>
  
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                 <TD ALIGN=RIGHT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(2) </FONT></TD>
                 <TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
                 <TD WIDTH=94%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
                 This Registration Statement also relates to such additional and indeterminable
                 number of shares of Common Stock as may become issuable as a result of stock
                 dividends, stock splits, recapitalizations, mergers, reorganizations,
                 combinations or exchanges or other similar events. </FONT></P></TD>
                 </TR>
                 </TABLE>
  
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                 <TD ALIGN=RIGHT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(3) </FONT></TD>
                 <TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
                 <TD WIDTH=94%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
                 Pursuant to Rule 416(c) under the Securities Act of 1933, as amended (the
                 &#147;Securities Act&#148;), this Registration Statement also covers an
                 indeterminate amount of interests to be offered or sold pursuant to the Plan. </FONT></P></TD>
                 </TR>
                 </TABLE>
  
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                 <TD ALIGN=RIGHT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(4) </FONT></TD>
                 <TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
                 <TD WIDTH=94%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
                 Estimated solely for the purpose of calculating the registration fee pursuant to
                 Rules 457(c) and (h) under the Securities Act, the price per share was
                 determined by calculating the average of the high and low prices of the Common
                 Stock as reported in the Nasdaq SmallCap Market on October 1, 2003. </FONT></P></TD>
                 </TR>
                 </TABLE>
                 <BR>
  
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  <H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=4>PART I </FONT></H1>
  
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  <P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=4><B>INFORMATION
  REQUIRED IN THE SECTION 10(a) PROSPECTUS</B></FONT></P>
  
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  <H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Item 1. Plan
  Information.* </FONT></H1>
  
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  <H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Item 2. Registrant
  Information and Employee Plan Annual Information.* </FONT></H1>
  
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  <P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>*Information required by Part I to be
  contained in the Section 10(a) prospectus is omitted from this Registration Statement in
  accordance with Rule 428 under the Securities Act and the Note to Part I of Form S-8. </FONT></P>
  
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  <H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=4>PART II </FONT></H1>
  
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  <P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=4><B>INFORMATION
  REQUIRED IN THE REGISTRATION STATEMENT</B></FONT></P>
  
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  <H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Item 3. Incorporation of
  Documents by Reference. </FONT></H1>
  
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  <P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
  following documents heretofore filed with the Securities and Exchange Commission (the
  &#147;Commission&#148;) by PremierWest Bancorp, an Oregon corporation (the
  &#147;Registrant&#148;) are hereby incorporated by reference into this Registration
  Statement: </FONT></P>
  
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  <TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;</FONT></TD>
  <TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>(a)  </FONT></TD>
  <TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>              The
  Registrant&#146;s Annual Report on Form 10-K for the fiscal year ended
                 December 31, 2002, filed with the Commission on March 26, 2003;  </FONT></TD>
  </TR>
  </TABLE>
  <BR>
  
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  <TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;</FONT></TD>
  <TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>(b)  </FONT></TD>
  <TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>               The
  Registrant&#146;s Quarterly Reports on Form 10-Q for the periods ended March
                 31, 2003 and June 30, 2003, filed with the Commission on May 9, 2003 and
  August                5, 2003, respectively;  </FONT></TD>
  </TR>
  </TABLE>
  <BR>
  
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  <TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;</FONT></TD>
  <TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>(c)  </FONT></TD>
  <TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>               The
  Registrant&#146;s Current Reports on Form 8-K filed with the Commission on
                 April 16, 2003, May 22, 2003, July 11, 2003, July 14, 2003, July 31, 2003
  and                September 19, 2003;  </FONT></TD>
  </TR>
  </TABLE>
  <BR>
  
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  <TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;</FONT></TD>
  <TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>(d)  </FONT></TD>
  <TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>               The
  description of the Common Stock set forth in the Registrant&#146;s
                 Registration Statement on Form S-4 (File No. 333- 96209) originally filed
  with                the Commission on February 4, 2000, including any amendments or
  reports filed                for the purpose of updating such description.  </FONT></TD>
  </TR>
  </TABLE>
  <BR>
  
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  <P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All
  documents subsequently filed by the Registrant pursuant to Sections 13(a), 13(c), 14 and
  15(d) of the Securities Exchange Act of 1934, as amended (the &#147;Exchange Act&#148;),
  after the</FONT></P>
  
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  <P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>date of this Registration Statement
  and prior to the filing of a post-effective amendment which indicates that all securities
  offered have been sold or which deregisters all securities then remaining unsold shall be
  deemed to be incorporated herein by reference into this Registration Statement and to be
  a part hereof from the date of the filing of such documents. Any statement contained in a
  document incorporated by reference herein shall be deemed to be modified or superceded
  for purposes of this Registration Statement to the extent that a statement contained
  herein or in any subsequently filed document that is or is deemed to be incorporated by
  reference herein modifies or supersedes such previous statement. Any such statement so
  modified or superceded shall not be deemed, except as so modified or superceded, to
  constitute part of this Registration Statement.  </FONT></P>
  
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  <H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Item 4. Description of
  Securities. </FONT></H1>
  
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  <P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not
  applicable.</FONT></P>
  
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  <H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Item 5. Interest of
  Named Experts and Counsel. </FONT></H1>
  
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  <P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not
  applicable.</FONT></P>
  
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  <H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Item 6. Indemnification
  of Directors and Officers. </FONT></H1>
  
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  <P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Under
  the Oregon Business Corporation Act, Oregon Revised Statutes Sections 60.387 to 60.414, a
  person who is made a party to a proceeding because such person is or was an officer or
  director of a corporation (an &#147;Indemnitee&#148;) may be indemnified by the
  corporation against liability incurred in connection with the proceeding if: </FONT></P>
  
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  <TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=3></FONT></TD>
  <TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>o  </FONT></TD>
  <TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>The
  Indemnitee&#146;s conduct was in good faith and in a manner he or she reasonably believed
  was in the corporation&#146;s best interest or at least not opposed to its best interest,
  and  </FONT></TD>
  </TR>
  </TABLE>
  <BR>
  
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  <TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=3></FONT></TD>
  <TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>o  </FONT></TD>
  <TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>If
  the proceeding was a criminal proceeding, the Indemnitee had no reasonable cause to
  believe his or her conduct was unlawful.  </FONT></TD>
  </TR>
  </TABLE>
  <BR>
  
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  <P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Indemnification
  is not permitted if the Indemnitee was adjudged liable to the corporation in a proceeding
  by or in the right of the corporation, and if the Indemnitee was adjudged liable on the
  basis that he or she improperly received a personal benefit. Unless the articles of
  incorporation of the corporation provide otherwise, such indemnification is mandatory if
  the Indemnitee is wholly successful on the merits or otherwise, or is ordered by a court
  of competent jurisdiction. </FONT></P>
  
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  <P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
  Oregon Business Corporation Act also provides that a company&#146;s Articles of
  incorporation may limit or eliminate the personal liability of a director to the
  corporation or its shareholders for monetary damages for conduct as a director, provided
  that no such provision shall eliminate the liability of a director for: </FONT></P>
  
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  <TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>o  </FONT></TD>
  <TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Any
  breach of the director&#146;s duty of loyalty to the corporation or its shareholders;  </FONT></TD>
  </TR>
  </TABLE>
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  <TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=3></FONT></TD>
  <TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>o  </FONT></TD>
  <TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Acts
  or omissions not in good faith or which involve intentional misconduct or a knowing
  violation of law; </FONT></TD>
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  <BR>
  
  
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  <TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>o  </FONT></TD>
  <TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Any
  unlawful distribution; or </FONT></TD>
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  <BR>
  
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  <TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>o  </FONT></TD>
  <TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Any
  transaction from which the director derived on improper personal benefit.  </FONT></TD>
  </TR>
  </TABLE>
  <BR>
  
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  <P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our
  Articles of Incorporation provide that we will indemnify our directors and officers, to
  the fullest extent permissible under the Oregon Business Corporation Act against all
  expense liability and loss (including attorney fees) incurred or suffered by reason of
  service as a director or officer or service at our request as a director, officer,
  partner, trustee, employee or agent of another corporation, partnership, joint venture,
  trust, employee benefit plan or other enterprise. </FONT></P>
  
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  <P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
  effect of these provisions is to limit the liability of directors for monetary damages,
  and to indemnify our directors and officers for all costs and expenses for liability
  incurred by them in connection with any action, suit or proceeding in which they may
  become involved by reason of their affiliation with us, to the fullest extent permitted by
  law. </FONT></P>
  
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  <H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Item 7. Exemption from
  Registration Claimed. </FONT></H1>
  
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  <P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not
  Applicable </FONT></P>
  
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  <H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Item 8. Exhibits. </FONT></H1>
  
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  <P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
  following Exhibits are filed as a part of this Registration Statement: </FONT></P>
  
  
  
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  <TR VALIGN="BOTTOM">
       <TD WIDTH="10%" ALIGN=CENTER>Exhibit<BR>Number<HR NOSHADE COLOR=BLACK SIZE=1></TD>
       <TD WIDTH="90%" ALIGN=CENTER>Description<HR NOSHADE COLOR=BLACK SIZE=1></TD></TR>
  <TR VALIGN="TOP">
       <TD ALIGN=CENTER>4.1</TD>
       <TD ALIGN=LEFT>Articles of Incorporation of the Registrant (incorporated by reference to the
                 Registrant&#146;s registration statement on Form S-4 filed with the Commission
                 on February 4, 2000). </TD></TR>
  <TR VALIGN="TOP">
       <TD ALIGN=CENTER>4.2</TD>
       <TD ALIGN=LEFT>Bylaws of the Registrant (incorporated by reference to the Registrant&#146;s
                 registration statement on Form S-4 filed with the Commission on February 4,
                 2000).</TD></TR>
  <TR VALIGN="TOP">
       <TD ALIGN=CENTER>23.1</TD>
       <TD ALIGN=LEFT>Consent of Independent Auditors.</TD></TR>
  <TR VALIGN="TOP">
       <TD ALIGN=CENTER>24.1</TD>
       <TD ALIGN=LEFT>Power of Attorney (see signature page).</TD></TR>
  <TR VALIGN="TOP">
       <TD ALIGN=CENTER>99.1</TD>
       <TD ALIGN=LEFT>PremierWest Bancorp
  401(k) Profit Sharing Plan Adoption Agreement</TD></TR>
  <TR VALIGN="TOP">
       <TD ALIGN=CENTER>99.2</TD>
       <TD ALIGN=LEFT>Northwest Retirement
  Plans, Inc., Defined Contribution Prototype Plan &amp; Trust</TD></TR>
  </TABLE>
  
  <!-- MARKER FORMAT-SHEET="Para Large Indent Lv 0-TNR" FSL="Workstation" -->
  <P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
  undersigned Registrant hereby undertakes to submit, or cause to be submitted, the Plan
  and any amendments thereto to the Internal Revenue Service (the &#147;IRS&#148;) in a
  timely manner and to make all changes required by the IRS in order to qualify the Plan
  under Section 401 of the Internal Revenue Code.  </FONT></P>
  
  <!-- MARKER FORMAT-SHEET="Head Major Left Bold" FSL="Default" -->
  <H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Item 9. Undertakings. </FONT></H1>
  
  <!-- MARKER PAGE="sheet: 4; page: 4" -->
  <HR SIZE=1 COLOR=GRAY NOSHADE>
  
  
  <!-- MARKER FORMAT-SHEET="Para (List) Hang LV 1-TNR" FSL="Workstation" -->
  <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
  <TR VALIGN=TOP>
  <TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;</FONT></TD>
  <TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>(1)  </FONT></TD>
  <TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>               The
  undersigned Registrant hereby undertakes:  </FONT></TD>
  </TR>
  </TABLE>
  <BR>
  
  <!-- MARKER FORMAT-SHEET="Para (List) Hang Lv 2 -TNR" FSL="Workstation" -->
  <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
  <TR VALIGN=TOP>
  <TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;</FONT></TD>
  <TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>(a)  </FONT></TD>
  <TD WIDTH=85%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>               To
  file, during any period in which offers or sales are being made, a
                 post-effective amendment to this registration statement:  </FONT></TD>
  </TR>
  </TABLE>
  <BR>
  
  <!-- MARKER FORMAT-SHEET="Para (List) Hang Lvl 3-TNR" FSL="Workstation" -->
  <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
  <TR VALIGN=TOP>
  <TD WIDTH=15%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;</FONT></TD>
  <TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>(i)  </FONT></TD>
  <TD WIDTH=80%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>               To
  include any prospectus required by section 10(a)(3) of the Securities Act;  </FONT></TD>
  </TR>
  </TABLE>
  <BR>
  
  <!-- MARKER FORMAT-SHEET="Para (List) Hang Lvl 3-TNR" FSL="Workstation" -->
  <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
  <TR VALIGN=TOP>
  <TD WIDTH=15%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;</FONT></TD>
  <TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>(ii)  </FONT></TD>
  <TD WIDTH=80%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>               To
  reflect in the prospectus any facts or events arising after the effective
                 date of the registration statement (or the most recent post-effective
  amendment                thereof) which, individually or in the aggregate, represent a
  fundamental change                in the information set forth in the registration
  statement. Notwithstanding the                foregoing, any increase or decrease in
  volume of securities offered (if the                total dollar value of securities
  offered would not exceed that which was                registered) and any deviation from
  the low or high and of the estimated maximum                offering range may be
  reflected in the form of prospectus filed with the                Commission pursuant to
  Rule 424(b) if, in the aggregate, the changes in volume                and price
  represent no more than a 20% percent change in the maximum aggregate
                 offering price set forth in the &#147;Calculation of Registration Fee&#148;               table
  in the effective registration statement;  </FONT></TD>
  </TR>
  </TABLE>
  <BR>
  
  <!-- MARKER FORMAT-SHEET="Para (List) Hang Lvl 3-TNR" FSL="Workstation" -->
  <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
  <TR VALIGN=TOP>
  <TD WIDTH=15%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;</FONT></TD>
  <TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>(iii)  </FONT></TD>
  <TD WIDTH=80%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>               To
  include any material information with respect to the plan of distribution not
                 previously disclosed in the registration statement or any material change
  to                such information in the registration statement; provided, however, that
                 paragraphs (1)(a)(i) and (1)(a)(ii) do not apply if the information
  required to                be included in a post- effective amendment by those paragraphs
  is contained in                periodic reports filed by the Registrant pursuant to
  Section 13 or Section 15(d)                of the Exchange Act that are incorporated by
  reference in this registration                statement.  </FONT></TD>
  </TR>
  </TABLE>
  <BR>
  
  <!-- MARKER FORMAT-SHEET="Para Flush Lv 2-TNR" FSL="Workstation" -->
  <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
  <TR VALIGN=TOP>
  <TD WIDTH=10%>&nbsp;</TD>
  <TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
  PROVIDED,
  HOWEVER, that paragraphs (a)(1)(i) and (a)(1)(ii) of this section do not apply if the
  Registration Statement is on Form S-3, Form S-8 or Form F-3, and the information required
  to be included in a post-effective amendment by those paragraphs is contained in periodic
  reports filed with or furnished to the Commission by the Registrant pursuant to Section
  13 or Section 15(d) of the Securities Exchange Act that are incorporated by reference in
  the Registration Statement.  </FONT></TD>
  </TR>
  </TABLE>
  <BR>
  
  <!-- MARKER FORMAT-SHEET="Para (List) Hang Lv 2 -TNR" FSL="Workstation" -->
  <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
  <TR VALIGN=TOP>
  <TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;</FONT></TD>
  <TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>(b)  </FONT></TD>
  <TD WIDTH=85%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>          That,
  for the purpose of determining any liability under the Securities Act,           each
  such post-effective amendment shall be deemed to be a new registration
            statement relating to the securities offered therein, and the offering of such
            securities at that time shall be deemed to be the initial bona fide offering
            thereof.  </FONT></TD>
  </TR>
  </TABLE>
  <BR>
  
  <!-- MARKER FORMAT-SHEET="Para (List) Hang Lv 2 -TNR" FSL="Workstation" -->
  <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
  <TR VALIGN=TOP>
  <TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;</FONT></TD>
  <TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>(c)  </FONT></TD>
  <TD WIDTH=85%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>          To
  remove from registration by means of a post- effective amendment any of the
            securities being registered which remain unsold at the termination of the
            offering.  </FONT></TD>
  </TR>
  </TABLE>
  <BR>
  
  <!-- MARKER FORMAT-SHEET="Para (List) Hang LV 1-TNR" FSL="Workstation" -->
  <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
  <TR VALIGN=TOP>
  <TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;</FONT></TD>
  <TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>(2)  </FONT></TD>
  <TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>          The
  undersigned Registrant hereby undertakes that, for purposes of determining           any
  liability under the Securities Act, each filing of the Registrant&#146;s           annual
  report pursuant</FONT></TD>
  </TR>
  </TABLE>
  <BR>
  
  
  <!-- MARKER PAGE="sheet: 5; page: 5" -->
  <HR SIZE=1 COLOR=GRAY NOSHADE>
  
  
  <!-- MARKER FORMAT-SHEET="Para Flush Lv 2-TNR" FSL="Workstation" -->
  <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
  <TR VALIGN=TOP>
  <TD WIDTH=10%>&nbsp;</TD>
  <TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
  to
  Section 13(a) or Section 15(d) of the Exchange Act           (and, where applicable, each
  filing of an employee benefit plan&#146;s annual           report pursuant to Section
  15(d) of the Exchange Act) that is incorporated by           reference in the
  Registration Statement shall be deemed to be a new registration           statement
  relating to the securities offered therein, and the offering of such           securities
  at that time shall be deemed to be the initial bona fide offering           thereof.  </FONT></TD>
  </TR>
  </TABLE>
  <BR>
  
  <!-- MARKER FORMAT-SHEET="Para (List) Hang LV 1-TNR" FSL="Workstation" -->
  <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
  <TR VALIGN=TOP>
  <TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;</FONT></TD>
  <TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>(3)  </FONT></TD>
  <TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>          Insofar
  as indemnification for liabilities arising under the Securities Act may           be
  permitted to directors, officers and controlling persons of the Registrant
            pursuant to the foregoing provisions, or otherwise, the Registrant has been
            advised that in the opinion of the Securities and Exchange Commission such
            indemnification is against public policy as expressed in the Act and is,
            therefore, unenforceable. In the event that a claim for indemnification against
            such liabilities (other than the payment by the Registrant of expenses incurred
            or paid by a director, officer or controlling person of the Registrant in the
            successful defense of any action, suit or proceeding) is asserted by such
            director, officer or controlling person in connection with the securities being
            registered, the Registrant will, unless in the opinion of its counsel the
  matter           has been settled by controlling precedent, submit to a court of
  appropriate           jurisdiction the question whether such indemnification by it is
  against public           policy as expressed in the Act and will be governed by the final
  adjudication of           such issue.  </FONT></TD>
  </TR>
  </TABLE>
  <BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR>
  
  
  <!-- MARKER PAGE="sheet: 6; page: 6" -->
  <HR SIZE=1 COLOR=GRAY NOSHADE>
  
  
  <!-- MARKER FORMAT-SHEET="Head Major Center Bold" FSL="Default" -->
  <H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=4>SIGNATURES </FONT></H1>
  
  <!-- MARKER FORMAT-SHEET="Para Large Indent"  -->
  <P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant
  to the requirements of the Securities Act of 1933, the Registrant certifies that it has
  reasonable grounds to believe that it meets all of the requirements for filing on Form S-8
  and has duly caused this Registration Statement to be signed on its behalf by the
  undersigned, thereunto duly authorized, in the City of Medford, State of Oregon on the 2nd
  day of October, 2003. </FONT></P>
  
  <TABLE WIDTH="100%" BORDER="0" CELLPADDING="0" CELLSPACING="0">
  <TR VALIGN="TOP">
       <TD WIDTH="50%"></TD>
       <TD WIDTH="50%">PremierWest Bancorp,<BR>an Oregon corporation</TD></TR>
  <TR VALIGN="TOP">
       <TD WIDTH="50%">&nbsp;<BR>&nbsp;</TD>
       <TD WIDTH="50%">&nbsp;<BR>&nbsp;</TD></TR>
  <TR VALIGN="TOP">
       <TD></TD>
       <TD>By:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  <U>/s/&nbsp;&nbsp;&nbsp;&nbsp;John L. Anhorn&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>
  <BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;John L. Anhorn
  <BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;President and Chief Executive Officer</TD></TR>
  </TABLE>
  <BR><BR>
  
  
  
  
  
  
  
  
  
  
  <!-- MARKER FORMAT-SHEET="Head Major Center Bold" FSL="Default" -->
  <H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=4>POWER OF ATTORNEY </FONT></H1>
  
  <!-- MARKER FORMAT-SHEET="Para Large Indent" FSL="Default" -->
  <P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We,
  the undersigned officers and directors of PremierWest Bancorp, hereby severally and
  individually constitute and appoint JOHN L. ANHORN and TOM ANDERSON, and each of them, as
  true and lawful attorneys in fact for the undersigned, in any and all capacities, with
  full power of substitution, to sign any and all amendments to this Registration Statement
  (including post-effective amendments), and to file the same with exhibits thereto and
  other documents in connection therewith, with the Securities and Exchange Commission,
  granting unto said attorneys in fact, and each of them, full power and authority to do and
  perform each and every act and thing requisite and necessary to be done in and about the
  premises, as fully to all intents and purposes as he or she might or could do in person,
  hereby ratifying and confirming all that said attorneys in fact, or any of them, may
  lawfully do or cause to be done by virtue of this appointment. </FONT></P>
  
  <!-- MARKER FORMAT-SHEET="Para Large Indent" FSL="Default" -->
  <P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant
  to the requirements of the Securities Act of 1933, this Registration Statement has been
  signed by the following persons in the capacities and on the dates indicated. </FONT></P>
  
  <TABLE WIDTH="100%" BORDER="0" CELLPADDING="0" CELLSPACING="0">
  <TR VALIGN="TOP">
       <TD WIDTH="2%">By:</TD>
       <TD WIDTH="48%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;/s/&nbsp;&nbsp;&nbsp;John Duke<HR NOSHADE SIZE=1>
  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;John Duke, Director<BR>&nbsp;</TD>
       <TD WIDTH="50%" ALIGN=CENTER>Date: October 2, 2003</TD></TR>
  <TR VALIGN="TOP">
       <TD>By:</TD>
       <TD>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;/s/&nbsp;&nbsp;&nbsp;Dennis Hoffbuhr<HR NOSHADE SIZE=1>
  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dennis Hoffbuhr, Director<BR>&nbsp;</TD>
       <TD ALIGN=CENTER>Date: October 2, 2003</TD></TR>
  <TR VALIGN="TOP">
       <TD>By:</TD>
       <TD>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;/s/&nbsp;&nbsp;&nbsp;Thomas Becker<HR NOSHADE SIZE=1>
  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Thomas Becker, Director<BR>&nbsp;</TD>
       <TD ALIGN=CENTER>Date: October 2, 2003</TD></TR>
  <TR VALIGN="TOP">
       <TD>By:</TD>
       <TD>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;/s/&nbsp;&nbsp;&nbsp;Rickar Watkins<HR NOSHADE SIZE=1>
  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Rickar Watkins, Director<BR>&nbsp;</TD>
       <TD ALIGN=CENTER>Date: October 2, 2003</TD></TR>
  </TABLE>
  
  <!-- MARKER PAGE="sheet: 7; page: 7" -->
  <HR SIZE=1 COLOR=GRAY NOSHADE>
  
  <!-- MARKER FORMAT-SHEET="Head Major Left Bold" FSL="Default" -->
  <H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Signatures &#150;
  (continued) </FONT></H1>
  
  <TABLE WIDTH="100%" BORDER="0" CELLPADDING="0" CELLSPACING="0">
  <TR VALIGN="TOP">
       <TD WIDTH="2%">By:</TD>
       <TD WIDTH="48%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;/s/&nbsp;&nbsp;&nbsp;James Patterson<HR NOSHADE SIZE=1>
  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;James Patterson, Director<BR>&nbsp;</TD>
       <TD WIDTH="50%" ALIGN=CENTER>Date: October 2, 2003</TD></TR>
  <TR VALIGN="TOP">
       <TD>By:</TD>
       <TD>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;/s/&nbsp;&nbsp;&nbsp;John L. Anhorn<HR NOSHADE SIZE=1>
  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;John L. Anhorn, Director, President and <BR>
  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chief Executive Officer<BR>&nbsp;</TD>
       <TD ALIGN=CENTER>Date: October 2, 2003</TD></TR>
  <TR VALIGN="TOP">
       <TD>By:</TD>
       <TD>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;/s/&nbsp;&nbsp;&nbsp;Richard R. Hieb<HR NOSHADE SIZE=1>
  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Richard R. Hieb, Chief Operating Officer<BR>&nbsp;</TD>
       <TD ALIGN=CENTER>Date: October 2, 2003</TD></TR>
  <TR VALIGN="TOP">
       <TD>By:</TD>
       <TD>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;/s/&nbsp;&nbsp;&nbsp;Tom Anderson<HR NOSHADE SIZE=1>
  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tom Anderson, Chief Financial Officer, and <BR>
  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Principal Accounting Officer<BR>&nbsp;</TD>
       <TD ALIGN=CENTER>Date: October 2, 2003</TD></TR>
  <TR VALIGN="TOP">
       <TD>By:</TD>
       <TD>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;/s/&nbsp;&nbsp;&nbsp;Brian Pargeter<HR NOSHADE SIZE=1>
  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Brian Pargeter, Director<BR>&nbsp;</TD>
       <TD ALIGN=CENTER>Date: October 2, 2003</TD></TR>
  <TR VALIGN="TOP">
       <TD>By:</TD>
       <TD>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;/s/&nbsp;&nbsp;&nbsp;Richard K. Karchmer<HR NOSHADE SIZE=1>
  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Richard K. Karchmer, Director<BR>&nbsp;</TD>
       <TD ALIGN=CENTER>Date: October 2, 2003</TD></TR>
  <TR VALIGN="TOP">
       <TD>By:</TD>
       <TD>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;/s/&nbsp;&nbsp;&nbsp;Don L. Hilton<HR NOSHADE SIZE=1>
  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Don L. Hilton, Director<BR>&nbsp;</TD>
       <TD ALIGN=CENTER>Date: October 2, 2003</TD></TR>
  <TR VALIGN="TOP">
       <TD>By:</TD>
       <TD>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;/s/&nbsp;&nbsp;&nbsp;Patrick G. Huycke<HR NOSHADE SIZE=1>
  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Patrick G. Huycke, Director<BR>&nbsp;</TD>
       <TD ALIGN=CENTER>Date: October 2, 2003</TD></TR>
  <TR VALIGN="TOP">
       <TD>By:</TD>
       <TD>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;/s/&nbsp;&nbsp;&nbsp;Jeffrey Chamberlain<HR NOSHADE SIZE=1>
  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Jeffrey Chamberlain, Director<BR>&nbsp;</TD>
       <TD ALIGN=CENTER>Date: October 2, 2003</TD></TR>
  </TABLE>
  <BR><BR><BR><BR><BR><BR><BR><BR><BR>
  
  <!-- MARKER PAGE="sheet: 8; page: 8" -->
  <HR SIZE=1 COLOR=GRAY NOSHADE>
  
  <!-- MARKER FORMAT-SHEET="Para Large Indent"  -->
  <P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>The
  Plan</U>. Pursuant to the requirements of the Securities Act of 1933, the trustees (or
  other persons who administer the PremierWest Bancorp 401(k) Profit Sharing Plan) have duly
  caused this registration statement to be signed on its behalf by the undersigned,
  thereunto duly authorized, in the City of Medford, State of Oregon, on the 2nd day of
  October, 2003. </FONT></P>
  
  <TABLE WIDTH="100%" BORDER="0" CELLPADDING="0" CELLSPACING="0">
  <TR VALIGN="TOP">
       <TD WIDTH="50%"></TD>
       <TD WIDTH="50%">PremierWest Bancorp 401(k) Profit Sharing Plan<BR>&nbsp;</TD></TR>
  <TR VALIGN="TOP">
       <TD></TD>
       <TD>By:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  <U>/s/&nbsp;&nbsp;&nbsp;&nbsp;John L. Anhorn&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>
  <BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;John L. Anhorn, PremierWest Bancorp
  <BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Plan Administrator</TD></TR>
  </TABLE>
  <BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR>
  
  <!-- MARKER PAGE="sheet: 9; page: 9" -->
  <HR SIZE=1 COLOR=GRAY NOSHADE>
  
  
  <!-- MARKER FORMAT-SHEET="Head Major Center Bold" FSL="Default" -->
  <H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=4>INDEX TO EXHIBITS </FONT></H1>
  
  <TABLE WIDTH="100%" BORDER="0" CELLPADDING="0" CELLSPACING="10">
  <TR VALIGN="BOTTOM">
       <TH>Exhibit<BR>Number<HR NOSHADE COLOR=BLACK SIZE=1></TH>
       <TH>Description<HR NOSHADE COLOR=BLACK SIZE=1></TH>
       <TH></TH></TR>
  <TR VALIGN="TOP">
       <TD WIDTH="10%" ALIGN=CENTER>4.1</TD>
       <TD WIDTH="70%">Articles of Incorporation of the Registrant (incorporated by
                     reference to the Registrant's registration statement on Form S-4 filed
  with the Commission on February 4, 2000). </TD>
       <TD WIDTH="20%"></TD></TR>
  <TR VALIGN="TOP">
       <TD ALIGN=CENTER>4.2</TD>
       <TD>Bylaws of the Registrant (incorporated by reference to the
                     Registrant's registration statement on Form S-4 filed with the Commission
  on February 4, 2000).</TD>
       <TD></TD></TR>
  <TR VALIGN="TOP">
       <TD ALIGN=CENTER>23.1</TD>
       <TD>Consent of Independent Auditors.</TD>
       <TD></TD></TR>
  <TR VALIGN="TOP">
       <TD ALIGN=CENTER>24.1</TD>
       <TD>Power of Attorney (see signature page).</TD>
       <TD></TD></TR>
  <TR VALIGN="TOP">
       <TD ALIGN=CENTER>99.1</TD>
       <TD>PremierWest Bancorp 401(k) Profit Sharing Plan Adoption Agreement</TD>
       <TD></TD></TR>
  <TR VALIGN="TOP">
       <TD ALIGN=CENTER>99.2</TD>
       <TD>Northwest Retirement Plans, Inc., Defined Contribution Prototype Plan &amp; Trust</TD>
       <TD></TD></TR>
  </TABLE>
  
  <BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR>
  
  
  
  <!-- MARKER PAGE="sheet: 10; page: 10" -->
  <HR SIZE=1 COLOR=GRAY NOSHADE>
  
  
  
  <!-- MARKER FORMAT-SHEET="Head Major Center Bold 1" FSL="Default" -->
  <H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=4>Exhibit 23.1 <BR>Consent of Independent
  Auditors </FONT></H1>
  
  <!-- MARKER FORMAT-SHEET="Para Flush"  -->
  <P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>We consent to the incorporation by
  reference in the Registration Statement (Form S-8) pertaining to the PremierWest Bancorp
  401(K) Profit Sharing Plan of our report dated January 17, 2003 with respect to the
  consolidated financial statements of PremierWest Bancorp and subsidiary included in the
  Annual Report (Form 10-K) for the year ended December 31, 2002. </FONT></P>
  
  
  <TABLE WIDTH="100%" BORDER="0" CELLPADDING="0" CELLSPACING="0">
  <TR VALIGN="TOP">
       <TD WIDTH="60%"></TD>
       <TD WIDTH="40%">/s/ Moss Adams, LLP<BR>Portland, Oregon</TD></TR>
  </TABLE>
  <BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR>
  
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  <H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=4>Exhibit 99.1 <BR>PremierWest Bancorp
  401(k) Profit Sharing Plan Adoption Agreement </FONT></H1>
  <BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR>
  
  
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  <H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=4>Exhibit 99.2 <BR>
  Northwest Retirement
  Plans, Inc., Defined Contribution Prototype Plan &amp; Trust </FONT></H1>
  <BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR>
  
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metadata_documents: [{"type": "S-8", "sequence": "1", "filename": "prwt_s8100203.htm", "description": "REGISTRATON STATEMENT", "secsgml_size_bytes": 45399}]
metadata_filer: {"company-data": {"conformed-name": "PREMIERWEST BANCORP", "cik": "0001102287", "assigned-sic": "6199", "irs-number": "931282171", "state-of-incorporation": "OR", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-109419", "film-number": "03925193"}, "business-address": {"street1": "503 AIRPORT ROAD", "street2": "PO BOX 40", "city": "MEDFORD", "state": "OR", "zip": "97501", "phone": "5416186000"}, "mail-address": {"street1": "503 AIRPORT ROAD", "street2": "PO BOX 40", "city": "MEDFORD", "state": "OR", "zip": "97501"}}
text: S-8
  SECURITIES AND
  EXCHANGE COMMISSION
  WASHINGTON, D.C. 20549
  _________________
  FORM S-8
  REGISTRATION STATEMENT
  UNDER
  THE SECURITIES ACT OF
  1933
  _________________
  PREMIERWEST BANCORP
  (Exact Name of
  Registrant as Specified in Its Charter)
  Oregon
  93-1282171
  (State or Other Jurisdiction of
  Incorporation or Organization)
  (I.R.S. Employer
  Identification No.)
  503 Airport Road,
  Medford, OR 97504
  (Address of Principal
  Executive Offices, including Zip Code)
  PREMIERWEST BANCORP
  401(K) PROFIT SHARING PLAN
  (Full Title of the Plan)
  John L. Anhorn
  Chief Executive Officer
  PremierWest Bancorp
  503 Airport Road,
  Medford, OR 97504
  (Name and Address of
  Agent for Service)
  (541) 618-6003
  (Telephone Number,
  Including Area Code, of Agent for Service)
  _________________
  Copy to:
  Ryan J. York
  Davis Wright Tremaine
  1300 SW Fifth Avenue,
  Suite 2300
  Portland, Oregon 97201
  (503) 241-2300
  CALCULATION OF REGISTRATION FEE
  Title of Securities to
  be Registered (1)
  Amount to be
  Registered (1)(2)(3)(4)
  Proposed Maximum
  Offering Price Per
  Share(4)
  Proposed Maximum
  Aggregate Offering
  Price
  Amount of
  Registration Fee
  Common Stock
  280,000
  $9.32
  $2,609,600
  $211.12
  (1)
  Represents an estimate of the maximum number of shares that may be acquired in
                 open market purchases under the PremierWest Bancorp 401(k) Profit Sharing Plan
                 (the "Plan").
  (2)
  This Registration Statement also relates to such additional and indeterminable
                 number of shares of Common Stock as may become issuable as a result of stock
                 dividends, stock splits, recapitalizations, mergers, reorganizations,
                 combinations or exchanges or other similar events.
  (3)
  Pursuant to Rule 416(c) under the Securities Act of 1933, as amended (the
                 "Securities Act"), this Registration Statement also covers an
                 indeterminate amount of interests to be offered or sold pursuant to the Plan.
  (4)
  Estimated solely for the purpose of calculating the registration fee pursuant to
                 Rules 457(c) and (h) under the Securities Act, the price per share was
                 determined by calculating the average of the high and low prices of the Common
                 Stock as reported in the Nasdaq SmallCap Market on October 1, 2003.
  PART I
  INFORMATION
  REQUIRED IN THE SECTION 10(a) PROSPECTUS
  Item 1. Plan
  Information.*
  Item 2. Registrant
  Information and Employee Plan Annual Information.*
  *Information required by Part I to be
  contained in the Section 10(a) prospectus is omitted from this Registration Statement in
  accordance with Rule 428 under the Securities Act and the Note to Part I of Form S-8.
  PART II
  INFORMATION
  REQUIRED IN THE REGISTRATION STATEMENT
  Item 3. Incorporation of
  Documents by Reference.
  The
  following documents heretofore filed with the Securities and Exchange Commission (the
  "Commission") by PremierWest Bancorp, an Oregon corporation (the
  "Registrant") are hereby incorporated by reference into this Registration
  Statement:
  (a)
  The
  Registrant's Annual Report on Form 10-K for the fiscal year ended
                 December 31, 2002, filed with the Commission on March 26, 2003;
  (b)
  The
  Registrant's Quarterly Reports on Form 10-Q for the periods ended March
                 31, 2003 and June 30, 2003, filed with the Commission on May 9, 2003 and
  August                5, 2003, respectively;
  (c)
  The
  Registrant's Current Reports on Form 8-K filed with the Commission on
                 April 16, 2003, May 22, 2003, July 11, 2003, July 14, 2003, July 31, 2003
  and                September 19, 2003;
  (d)
  The
  description of the Common Stock set forth in the Registrant's
                 Registration Statement on Form S-4 (File No. 333- 96209) originally filed
  with                the Commission on February 4, 2000, including any amendments or
  reports filed                for the purpose of updating such description.
  All
  documents subsequently filed by the Registrant pursuant to Sections 13(a), 13(c), 14 and
  15(d) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"),
  after the
  date of this Registration Statement
  and prior to the filing of a post-effective amendment which indicates that all securities
  offered have been sold or which deregisters all securities then remaining unsold shall be
  deemed to be incorporated herein by reference into this Registration Statement and to be
  a part hereof from the date of the filing of such documents. Any statement contained in a
  document incorporated by reference herein shall be deemed to be modified or superceded
  for purposes of this Registration Statement to the extent that a statement contained
  herein or in any subsequently filed document that is or is deemed to be incorporated by
  reference herein modifies or supersedes such previous statement. Any such statement so
  modified or superceded shall not be deemed, except as so modified or superceded, to
  constitute part of this Registration Statement.
  Item 4. Description of
  Securities.
  Not
  applicable.
  Item 5. Interest of
  Named Experts and Counsel.
  Not
  applicable.
  Item 6. Indemnification
  of Directors and Officers.
  Under
  the Oregon Business Corporation Act, Oregon Revised Statutes Sections 60.387 to 60.414, a
  person who is made a party to a proceeding because such person is or was an officer or
  director of a corporation (an "Indemnitee") may be indemnified by the
  corporation against liability incurred in connection with the proceeding if:
  o
  The
  Indemnitee's conduct was in good faith and in a manner he or she reasonably believed
  was in the corporation's best interest or at least not opposed to its best interest,
  and
  o
  If
  the proceeding was a criminal proceeding, the Indemnitee had no reasonable cause to
  believe his or her conduct was unlawful.
  Indemnification
  is not permitted if the Indemnitee was adjudged liable to the corporation in a proceeding
  by or in the right of the corporation, and if the Indemnitee was adjudged liable on the
  basis that he or she improperly received a personal benefit. Unless the articles of
  incorporation of the corporation provide otherwise, such indemnification is mandatory if
  the Indemnitee is wholly successful on the merits or otherwise, or is ordered by a court
  of competent jurisdiction.
  The
  Oregon Business Corporation Act also provides that a company's Articles of
  incorporation may limit or eliminate the personal liability of a director to the
  corporation or its shareholders for monetary damages for conduct as a director, provided
  that no such provision shall eliminate the liability of a director for:
  o
  Any
  breach of the director's duty of loyalty to the corporation or its shareholders;
  o
  Acts
  or omissions not in good faith or which involve intentional misconduct or a knowing
  violation of law;
  o
  Any
  unlawful distribution; or
  o
  Any
  transaction from which the director derived on improper personal benefit.
  Our
  Articles of Incorporation provide that we will indemnify our directors and officers, to
  the fullest extent permissible under the Oregon Business Corporation Act against all
  expense liability and loss (including attorney fees) incurred or suffered by reason of
  service as a director or officer or service at our request as a director, officer,
  partner, trustee, employee or agent of another corporation, partnership, joint venture,
  trust, employee benefit plan or other enterprise.
  The
  effect of these provisions is to limit the liability of directors for monetary damages,
  and to indemnify our directors and officers for all costs and expenses for liability
  incurred by them in connection with any action, suit or proceeding in which they may
  become involved by reason of their affiliation with us, to the fullest extent permitted by
  law.
  Item 7. Exemption from
  Registration Claimed.
  Not
  Applicable
  Item 8. Exhibits.
  The
  following Exhibits are filed as a part of this Registration Statement:
  Exhibit
  Number
  Description
  4.1
  Articles of Incorporation of the Registrant (incorporated by reference to the
                 Registrant's registration statement on Form S-4 filed with the Commission
                 on February 4, 2000).
  4.2
  Bylaws of the Registrant (incorporated by reference to the Registrant's
                 registration statement on Form S-4 filed with the Commission on February 4,
                 2000).
  23.1
  Consent of Independent Auditors.
  24.1
  Power of Attorney (see signature page).
  99.1
  PremierWest Bancorp
  401(k) Profit Sharing Plan Adoption Agreement
  99.2
  Northwest Retirement
  Plans, Inc., Defined Contribution Prototype Plan & Trust
  The
  undersigned Registrant hereby undertakes to submit, or cause to be submitted, the Plan
  and any amendments thereto to the Internal Revenue Service (the "IRS") in a
  timely manner and to make all changes required by the IRS in order to qualify the Plan
  under Section 401 of the Internal Revenue Code.
  Item 9. Undertakings.
  (1)
  The
  undersigned Registrant hereby undertakes:
  (a)
  To
  file, during any period in which offers or sales are being made, a
                 post-effective amendment to this registration statement:
  (i)
  To
  include any prospectus required by section 10(a)(3) of the Securities Act;
  (ii)
  To
  reflect in the prospectus any facts or events arising after the effective
                 date of the registration statement (or the most recent post-effective
  amendment                thereof) which, individually or in the aggregate, represent a
  fundamental change                in the information set forth in the registration
  statement. Notwithstanding the                foregoing, any increase or decrease in
  volume of securities offered (if the                total dollar value of securities
  offered would not exceed that which was                registered) and any deviation from
  the low or high and of the estimated maximum                offering range may be
  reflected in the form of prospectus filed with the                Commission pursuant to
  Rule 424(b) if, in the aggregate, the changes in volume                and price
  represent no more than a 20% percent change in the maximum aggregate
                 offering price set forth in the "Calculation of Registration Fee"               table
  in the effective registration statement;
  (iii)
  To
  include any material information with respect to the plan of distribution not
                 previously disclosed in the registration statement or any material change
  to                such information in the registration statement; provided, however, that
                 paragraphs (1)(a)(i) and (1)(a)(ii) do not apply if the information
  required to                be included in a post- effective amendment by those paragraphs
  is contained in                periodic reports filed by the Registrant pursuant to
  Section 13 or Section 15(d)                of the Exchange Act that are incorporated by
  reference in this registration                statement.
  PROVIDED,
  HOWEVER, that paragraphs (a)(1)(i) and (a)(1)(ii) of this section do not apply if the
  Registration Statement is on Form S-3, Form S-8 or Form F-3, and the information required
  to be included in a post-effective amendment by those paragraphs is contained in periodic
  reports filed with or furnished to the Commission by the Registrant pursuant to Section
  13 or Section 15(d) of the Securities Exchange Act that are incorporated by reference in
  the Registration Statement.
  (b)
  That,
  for the purpose of determining any liability under the Securities Act,           each
  such post-effective amendment shall be deemed to be a new registration
            statement relating to the securities offered therein, and the offering of such
            securities at that time shall be deemed to be the initial bona fide offering
            thereof.
  (c)
  To
  remove from registration by means of a post- effective amendment any of the
            securities being registered which remain unsold at the termination of the
            offering.
  (2)
  The
  undersigned Registrant hereby undertakes that, for purposes of determining           any
  liability under the Securities Act, each filing of the Registrant's           annual
  report pursuant
  to
  Section 13(a) or Section 15(d) of the Exchange Act           (and, where applicable, each
  filing of an employee benefit plan's annual           report pursuant to Section
  15(d) of the Exchange Act) that is incorporated by           reference in the
  Registration Statement shall be deemed to be a new registration           statement
  relating to the securities offered therein, and the offering of such           securities
  at that time shall be deemed to be the initial bona fide offering           thereof.
  (3)
  Insofar
  as indemnification for liabilities arising under the Securities Act may           be
  permitted to directors, officers and controlling persons of the Registrant
            pursuant to the foregoing provisions, or otherwise, the Registrant has been
            advised that in the opinion of the Securities and Exchange Commission such
            indemnification is against public policy as expressed in the Act and is,
            therefore, unenforceable. In the event that a claim for indemnification against
            such liabilities (other than the payment by the Registrant of expenses incurred
            or paid by a director, officer or controlling person of the Registrant in the
            successful defense of any action, suit or proceeding) is asserted by such
            director, officer or controlling person in connection with the securities being
            registered, the Registrant will, unless in the opinion of its counsel the
  matter           has been settled by controlling precedent, submit to a court of
  appropriate           jurisdiction the question whether such indemnification by it is
  against public           policy as expressed in the Act and will be governed by the final
  adjudication of           such issue.
  SIGNATURES
  Pursuant
  to the requirements of the Securities Act of 1933, the Registrant certifies that it has
  reasonable grounds to believe that it meets all of the requirements for filing on Form S-8
  and has duly caused this Registration Statement to be signed on its behalf by the
  undersigned, thereunto duly authorized, in the City of Medford, State of Oregon on the 2nd
  day of October, 2003.
  PremierWest Bancorp,
  an Oregon corporation
  By:
  /s/    John L. Anhorn
  John L. Anhorn
  President and Chief Executive Officer
  POWER OF ATTORNEY
  We,
  the undersigned officers and directors of PremierWest Bancorp, hereby severally and
  individually constitute and appoint JOHN L. ANHORN and TOM ANDERSON, and each of them, as
  true and lawful attorneys in fact for the undersigned, in any and all capacities, with
  full power of substitution, to sign any and all amendments to this Registration Statement
  (including post-effective amendments), and to file the same with exhibits thereto and
  other documents in connection therewith, with the Securities and Exchange Commission,
  granting unto said attorneys in fact, and each of them, full power and authority to do and
  perform each and every act and thing requisite and necessary to be done in and about the
  premises, as fully to all intents and purposes as he or she might or could do in person,
  hereby ratifying and confirming all that said attorneys in fact, or any of them, may
  lawfully do or cause to be done by virtue of this appointment.
  Pursuant
  to the requirements of the Securities Act of 1933, this Registration Statement has been
  signed by the following persons in the capacities and on the dates indicated.
  By:
  /s/   John Duke
  John Duke, Director
  Date: October 2, 2003
  By:
  /s/   Dennis Hoffbuhr
  Dennis Hoffbuhr, Director
  Date: October 2, 2003
  By:
  /s/   Thomas Becker
  Thomas Becker, Director
  Date: October 2, 2003
  By:
  /s/   Rickar Watkins
  Rickar Watkins, Director
  Date: October 2, 2003
  Signatures –
  (continued)
  By:
  /s/   James Patterson
  James Patterson, Director
  Date: October 2, 2003
  By:
  /s/   John L. Anhorn
  John L. Anhorn, Director, President and
  Chief Executive Officer
  Date: October 2, 2003
  By:
  /s/   Richard R. Hieb
  Richard R. Hieb, Chief Operating Officer
  Date: October 2, 2003
  By:
  /s/   Tom Anderson
  Tom Anderson, Chief Financial Officer, and
  Principal Accounting Officer
  Date: October 2, 2003
  By:
  /s/   Brian Pargeter
  Brian Pargeter, Director
  Date: October 2, 2003
  By:
  /s/   Richard K. Karchmer
  Richard K. Karchmer, Director
  Date: October 2, 2003
  By:
  /s/   Don L. Hilton
  Don L. Hilton, Director
  Date: October 2, 2003
  By:
  /s/   Patrick G. Huycke
  Patrick G. Huycke, Director
  Date: October 2, 2003
  By:
  /s/   Jeffrey Chamberlain
  Jeffrey Chamberlain, Director
  Date: October 2, 2003
  The
  Plan
  . Pursuant to the requirements of the Securities Act of 1933, the trustees (or
  other persons who administer the PremierWest Bancorp 401(k) Profit Sharing Plan) have duly
  caused this registration statement to be signed on its behalf by the undersigned,
  thereunto duly authorized, in the City of Medford, State of Oregon, on the 2nd day of
  October, 2003.
  PremierWest Bancorp 401(k) Profit Sharing Plan
  By:
  /s/    John L. Anhorn
  John L. Anhorn, PremierWest Bancorp
  Plan Administrator
  INDEX TO EXHIBITS
  Exhibit
  Number
  Description
  4.1
  Articles of Incorporation of the Registrant (incorporated by
                     reference to the Registrant's registration statement on Form S-4 filed
  with the Commission on February 4, 2000).
  4.2
  Bylaws of the Registrant (incorporated by reference to the
                     Registrant's registration statement on Form S-4 filed with the Commission
  on February 4, 2000).
  23.1
  Consent of Independent Auditors.
  24.1
  Power of Attorney (see signature page).
  99.1
  PremierWest Bancorp 401(k) Profit Sharing Plan Adoption Agreement
  99.2
  Northwest Retirement Plans, Inc., Defined Contribution Prototype Plan & Trust
  Exhibit 23.1
  Consent of Independent
  Auditors
  We consent to the incorporation by
  reference in the Registration Statement (Form S-8) pertaining to the PremierWest Bancorp
  401(K) Profit Sharing Plan of our report dated January 17, 2003 with respect to the
  consolidated financial statements of PremierWest Bancorp and subsidiary included in the
  Annual Report (Form 10-K) for the year ended December 31, 2002.
  /s/ Moss Adams, LLP
  Portland, Oregon
  Exhibit 99.1
  PremierWest Bancorp
  401(k) Profit Sharing Plan Adoption Agreement
  Exhibit 99.2
  Northwest Retirement
  Plans, Inc., Defined Contribution Prototype Plan & Trust