FORM 4
[ ] Check this box if no longer
subject to Section 16. Form 4 or Form
5 obligations may continue.
See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility
Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person*~~Anderson~~Patterson, ~~Tom~~James L. (Last) (First) (Middle)503 Airport Road(Street)Medford, OR 97501 (City) (State) (Zip) 2. Issuer Name and Ticker or Trading SymbolPremierWest Bancorp PRWT3. I.R.S. Identification Number of Reporting Person, if an entity (voluntary) 4. Statement for (Month/Year) October 2324, 20025. If Amendment, Date of Original (Month/Year) 6. Relationship of Reporting Person(s) to Issuer(Check all applicable) X Director 10% Owner X Officer OtherOfficer/OtherDescription ~~Chief Financial Officer7~~7. Individual or Joint/Group Filing (Check Applicable Line) X Individual Filing Joint/Group Filing

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	3. Transaction Code and Voluntary Code (Instr. 8)Code \| V	4. Securities Acquired (A) or Disposed (D) Of (Instr. 3, 4, and 5) Amount \| A/D \| Price	5. Amount of Securities Beneficially Owned at End of Month (Instr. 3 and 4)	6. Owner- ship Form: Direct(D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	10/23/2002	P \|	150 \| A \| $6.600	185,~~000~~420	I	By ~~IRA~~Profit Sharing Plan Trust
Common Stock				52	D

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).

(over)
SEC 1474 (3-99)

~~Anderson~~Patterson, ~~Tom~~James L. - October 2324, 2002

Form 4 (continued)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 3)	2. Conver- sion or Exercise Price of Deri- vative Security	3. Transaction Date (Month/ Day/ Year)	4. Transaction Code and Voluntary (V) Code (Instr.8)Code \| V	5. Number of Derivative Securities Acquired (A) or Disposed (D) Of (Instr. 3,4 and 5)	6. Date Exercisable(DE) and Expiration Date(ED) (Month/Day/Year) (DE) \| (ED)	7. Title and Amount of Underlying Securities (Instr. 3 and 4)	8. Price of Derivative Security (Instr.5)	9. Number of Derivative Securities Beneficially Owned at End of Month (Instr.4)	10.Owner-shipForm ofDeriv-ativeSecurity:Direct(D)orIndirect(I)	11. Nature of Indirect Beneficial Ownership (Instr.4)
Stock Option (030102) (right to buy)	$5.750	03/15/2002	A \| V	(A) 15,000	(1) \| 02/28/2012	Common Stock - 15,000		15,000	D
Stock Option (062002) (right to buy)	$7.060				12/23/2002 \| 06/20/2012	Common Stock - 4,500		4,500	D
Stock Option (062002v) (right to buy)	$7.060	06/20/2002	A \| V	(A) 4,000	(2) \| 06/20/2012	Common Stock - 4,000		4,000	D

Explanation of Responses :

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, See Instruction 6 for procedure.Potential persons who are to respond to the collection of information contained in this form are notrequired to respond unless the form displays a currently valid OMB number. __/s/~~Cliff~~Gordon E. ~~Spencer______________________~~Crim____________________ 10-2324-2002 ** Signature of Reporting Person ~~DateCliff~~DateGordon E. ~~Spencer~~Crim, Attorney-in-Fact ~~forTom~~forJames ~~Anderson~~L. Patterson Page 2SEC 1474 (3-99)

Anderson, Tom - October 23, 2002

Form 4 (continued)

FOOTNOTE Descriptions for PremierWest Bancorp PRWT Form 4 - October 23, 2002 Tom Anderson503 Airport RoadMedford, OR 97501Explanation of responses: (1) Beginning on the third anniversary of the grant date, the options vest 5,000 shares in 2005, 2,500 shares in 2006, 3,000 shares in 2007 3,000 shares in 2008 and 2,500 shares in 2009. (2) Beginning on the first anniversary of the grant date, the options vest 20% each year.

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