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 reported) ~~November~~January 1521, ~~2010~~2011

Weststar Financial Services Corporation
WESTSTAR FINANCIAL SERVICES CORPORATION
(Exact name of Registrant as specified in its charter)
North Carolina	000-30515	56-2181423
(State or other jurisdiction	(Commission File ~~No.~~Number)	(IRS Employer Identification
of incorporation)		~~number~~No.)
79 Woodfin Place, Asheville, NC 28801-2426
79 Woodfin Place, Asheville, North Carolina		28801-2426
(Address of principal executive offices)		(Zip Code)
Registrant’s telephone number, including area code (828) 252-1735
Not Applicable
(Former address of principal executive offices)
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

~~Item~~ITEM 2.~~02 Results~~01 Completion of ~~Operations~~Acquisition ~~and~~or ~~Financial~~Disposition ~~Condition~~of Assets

On ~~November~~January 1521, ~~2010~~2011, ~~Weststar~~the ~~Financial~~Registrant’s ~~Services~~wholly-owned ~~Corporation~~subsidiary, The Bank of Asheville, Asheville, North Carolina (the “~~Registrant~~Bank”), ~~announced~~was ~~financial~~closed ~~results~~by ~~for~~ the ~~three~~North ~~month~~Carolina ~~and~~Office ~~nine~~of ~~month~~the ~~periods~~Commissioner ~~ended~~of ~~September~~Banks ~~30,~~and ~~2010. A~~the ~~copy~~Federal ofDeposit ~~the~~Insurance ~~Press~~Corporation ~~Release~~ (the “~~Press Release~~FDIC”) ~~announcing~~was ~~the~~named ~~Registrant’s~~receiver. ~~results~~No ~~for~~advance ~~the~~notice ~~third quarter ended September 30, 2010~~ is ~~attached~~given ~~hereto~~to asthe ~~Exhibit~~public ~~99.1~~when ~~and~~a ~~incorporated~~financial byinstitution ~~reference~~is ~~into this Item 2~~closed.~~02.~~

~~The~~As ~~information~~a ~~contained~~result inof ~~this~~the ~~Current~~closure ~~Report~~and ~~shall~~pursuant ~~not~~to bethe ~~deemed~~Federal ~~"filed"~~Deposit ~~for~~Insurance ~~purposes~~Act, ~~of Section 18 of~~ the ~~Securities~~Registrant ~~Exchange~~has ~~Act~~lost ofall ~~1934,~~rights aswith ~~amended,~~respect to the ~~("Exchange~~issued ~~Act"),~~and oroutstanding ~~incorporated~~shares byof ~~reference~~the inBank’s ~~any~~common ~~filing~~stock ~~under~~and ~~the~~such ~~Securities~~shares ~~Act~~now ofhave ~~1933,~~no asvalue. The ~~amended,~~Registrant oris ~~the~~no ~~Exchange~~longer ~~Act,~~a ~~except~~bank asholding ~~shall~~company beregistered ~~expressly~~under ~~set~~the ~~forth~~Bank byHolding ~~specific~~Company ~~reference~~Act inof ~~such a filing~~1956.

~~Item~~The ~~9.01 Financial~~FDIC, ~~Statements~~acting in its capactiy as receiver, entered into a purchase and ~~Exhibits~~assumption agreement with First Bank, Troy, North Carolina, whereby First Bank assumed all deposit liabilities and substantially all of the assets of the Bank. Each of the Bank’s five offices re-opened as offices of First Bank on January 24, 2011.

~~(d)~~ITEM ~~Exhibits~~8.01 Other Events.

EXHIBIT NO.		DESCRIPTION OF EXHIBIT
99.1		Press Release dated November 15, 2010

The disclosure contained under Item 2.01 of the Current Report on Form 8-K is incorporated into this Item 8.01 by reference.

This Current Report on Form 8-K (including information included or incorporated by reference herein) may contain, among other things, certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, without limitation, (i) statements regarding certain of Registrant’s goals and expectations with respect to earnings, income per share, revenue, expenses and the growth rate in such items, as well as other measures of economic performance, including statements relating to estimates of credit quality trends, and (ii) statements preceded by, followed by or that include the words “may”, “could”, “should”, “would”, “believe”, “anticipate”, “estimate”, “expect”, “intend”, “plan”, “projects”, “outlook” or similar expressions. These statements are based upon the current belief and expectations of Registrant’s management and are subject to significant risks and uncertainties that are subject to change based on various factors (many of which are beyond Registrant’s control).

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.

WESTSTAR FINANCIAL SERVICES CORPORATION By: /s/ Randall C. Hall Randall C. Hall ~~CEO~~Chief ~~and~~Executive ~~President~~Officer, ~~CFO~~President and Chief Financial Officer

Dated: ~~November~~ January 1524, ~~2010~~2011

EXHIBIT INDEX

Exhibit Number	Description of Exhibit
99.1	Press Release dated November 15, 2010

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