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 report) September 10, 2004

Pelican Financial, Inc.

(Exact name of registrant as specified in its charter)

Deleware	1-14986	58-2298215
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification Number)

3767 Ranchero Drive, Ann Arbor, Michigan		48108
(Address of principal executive offices)		(Zip Code)

734-662-9733
(Registrant’s telephone number, including area code)


(Former name or former address, if change since last report)

Section 1 — Registrant's Business and Operations

Item 1.01. Entry Into a Material Definitive Agreement

Pelican National Bank entered into an employment agreement with its President, Howard Montgomery Jr. A copy of agreement is furnished as Exhibit 99.

Exhibit
99		Employment Agreement

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.

		Pelican Financial, Inc.


Dated:	September 10, 2004	/s/ Charles C. Huffman
		Charles C. Huffman
		President and Chief Executive Officer

PELICAN FINANCIAL INC 8-K