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

~~August 11~~February 16, ~~2004 Date of Report (Date of earliest event reported)~~2005

Date of Report (Date of earliest event reported)

PSB BANCORP, INC.

(Exact name of registrant as specified in its charter)

Pennsylvania	000-24601	~~23-2930740~~	23-2930740
(State or other jurisdiction	(Commission	~~(IRS Employer~~	(IRS Employer
of incorporation)	File Number)	~~Ident. No.)~~	Ident. No.)
1835 Market Street
Philadelphia, PA		19103
(Address of principal executive offices)		(Zip Code)
(215) 979-7900
Registrant’s telephone number, including area code
(Former name or former address, if changed since last report.)

1835 Market Street
Philadelphia, PA		19103
(Address of principal executive offices)		(Zip Code)

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:

~~(215)~~o ~~979-7900~~Written ~~Registrant’s~~communications ~~telephone~~pursuant ~~number,~~to ~~including~~Rule ~~area~~425 under ~~code~~the Securities Act (17 CFR 230.425)

~~(Former~~o ~~name~~Soliciting ormaterial ~~former~~pursuant ~~address,~~to ifRule ~~changed~~14a-12 under ~~since~~the ~~last~~Exchange ~~report~~Act (17 CFR 240.14a-12)

~~Item 7. Financial~~o Pre-commencement communications pursuant to ~~Statements~~Rule ~~and~~14d-2(b) ~~Exhibits~~under the Exchange Act (17 CFR 240.14d-2(b))

(a)	Exhibits.
	The following exhibit is filed herewith:
	99.1	Press release, dated August 11, 2004, of PSB Bancorp, Inc.

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

Item 128.01 ~~Results~~Other ~~of Operations and Financial Condition~~Events.

On ~~August 11~~February 15, ~~2004~~2005, ~~PSB~~the ~~Bancorp,~~United ~~Inc.~~State Court of Appeals for the Third Circuit (“the ~~Company~~“Appeals Court”) ~~issued~~affirmed athe ~~press~~granting ~~release~~of ~~setting~~summary ~~forth~~judgment in favor of the plaintiffs by the ~~Company’s~~United ~~earnings~~States District Court for the ~~three~~Eastern ~~and~~District ~~six~~(“District ~~month~~Court”) ~~periods~~in the ~~ended~~case ~~June~~of 30CARL LINGLE; RAYMOND SILVERSTEIN, As Trustee Under ~~2004. A~~an ~~copy~~Irrevocable ofTrust ~~the~~Dated ~~Company’s~~April 1, ~~press~~1993; CONWELL LTD., Partnership; ~~release~~GERALD isLEHRFELD; ~~attached~~JOAN ~~hereto~~LEHRFELD; asJAY ~~Exhibit~~ROSEMAN; ~~99.1~~LYNN ~~and~~ROSEMAN ~~hereby~~v. ~~incorporated~~PSB byBANCORP, INC.; ~~reference~~FIRST PENN BANK; DILWORTH PAXSON LLP.

1PSB Bancorp, Inc. (“PSB”) had declared 895,240 options granted to the plaintiffs to be void. The District Court granted summary judgment in favor of the plaintiffs who had brought an action to have the options declared valid. Pending the appeal of the summary judgment by PSB, the plaintiffs and PSB entered into an agreement whereby the plaintiffs exercised the options however, the parties agreed to put the shares and proceeds of the exercise of the options into escrow. There are two additional legal actions pending in the District Court with respect to an additional 475,960 options declared void by PSB.

~~SIGNATURES~~PSB intends to file a petition for rehearing with the Appeals Court.

~~Pursuant~~Item to9.01 Financial ~~the requirements~~Statements ofand ~~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~~Exhibits.

	PSB BANCORP, INC.
Dated: August 13, 2004
	/s/John Carrozza
	John Carrozza, Acting Chief Financial Officer

(a) Not applicable.

(b) Not applicable.

~~EXHIBIT INDEX~~SIGNATURES

Exhibit Number		Description
99.1		Press release, dated August 11, 2004, of PSB Bancorp, Inc.

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.

	PSB BANCORP, INC.


Dated: February 16, 2005	/s/Anthony DiSandro
	Anthony DiSandro
	President and
	Chief Executive Officer

EXHIBIT INDEX

Exhibit Number

Not applicable

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