Item 8.01. Other Events

On April 21, 2009, Premier Financial Bancorp, Inc. ("Premier") received preliminary approval from the U.S. Department of the Treasury to receive an investment of up to $24.1 million by participating in the Treasury's TARP Capital Purchase Program ("CPP"). The terms of the preferred stock and warrants, which Premier expects to issue to the Treasury, will be in substantial conformity to the standardized terms provided by the Treasury in its CPP Term Sheet. A copy of the April 22, 2009 press release announcing the preliminary approval for participation in the CPP is attached hereto as Exhibit 99.1.

Item 9.01. Financial Statements and Exhibits

(c) Exhibit 99.1 - Press Release dated April 22, 2009.

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.

PREMIER FINANCIAL BANCORP, INC.
(Registrant)

/s/ Brien M. Chase
Date: April 22, 2009 Brien M. Chase, Senior Vice President
and Chief Financial Officer

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