8-K

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                UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 8-K

                                   (Mark One)
        CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
                              EXCHANGE ACT OF 1934

                          Date of report March 29, 2001


                         Commission file number 0-25135

                                 REDDING BANCORP
             (Exact name of Registrant as specified in its charter)

               California                             94-2823865
(State or other jurisdiction of incorporation or    (I.R.S. Employer
              organization)                        Identification No.)

         1951 Churn Creek Road
            Redding, Bancorp                            96002
 (Address of principal executive offices)             (Zip Code)

       Registrant's telephone number, including area code: (530) 224-3333

        Securities registered pursuant to Section 12(b) of the Act: None

           Securities registered pursuant to Section 12(g) of the Act:
                      Common Stock, no par value per share

     Indicate by check mark whether the Registrant (1) has filed all reports
     required to be filed by Section 13 or 15(d) of the Securities Exchange
     Act of 1934 during the preceding 12 months (or for such shorter period
    that the Registrant was required to file such reports), and (2) has been
    subject to such filing requirements for the past 90 days. Yes [X] No [ ]


     Indicate the number of shares outstanding of each of the issuer's class
 of common stock, as of the latest practicable date. March 29, 2001 = 2,875,451



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        Item 5. Other Events

        Redding Bank of Commerce, the primary subsidiary of Redding Bancorp has
        signed a Sixth addendum of the Merchant Services Agreement by and
        between Cardservice International, Inc. ("Cardservice") and Redding Bank
        of Commerce. A copy of the addendum is attached as Exhibit 10.10 of this
        filing.






                                   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.

                                        /s/ Linda J. Miles

                                       By: Linda J. Miles
                                       Executive Vice President &
                                       Chief Financial Officer





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                                  EXHIBIT INDEX




Exhibit Number        Description of Document
- --------------        -----------------------
                   
Exhibit 10.10         Sixth addendum of Merchant Services Agreement by and
                      Between Cardservice International, Inc. and Redding Bank
                      of Commerce









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EX-10.10

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                                 SIXTH ADDENDUM

                                       of

                           MERCHANT SERVICES AGREEMENT
                                 BY AND BETWEEN
                         CARDSERVICE INTERNATIONAL, INC.
                                       AND
                            REDDING BANK OF COMMERCE

        This "Fifth Amendment of Merchant Services Agreement by and Between
Cardservice International, Inc. and Redding Bank of Commerce" ("Amendment") is
made as of March 31, 2001 between Cardservice International, Inc.
("Cardservice"), a California corporation and Redding Bank ("Bank") a California
state-chartered banking corporation.

                                    RECITALS

        A. CARDSERVICE and BANK entered into an agreement that became effective
April 1, 1993 (the "Original Agreement"). The Original Agreement has been
modified previously by four different Addendum. The parties now intend to
further amend certain portions of the Original Agreement, as previously
modified. The purpose of this Amendment is to carry out that intention.

        B. The particulars of this Amendment relate to a new pricing structure
between BANK and CARDSERVICE; elimination of a requirement that CARDSERVICE
reimburse Bank a portion of its salary expense; and, a provision granting
CARDSERVICE interest income from certain funds held by the Bank.

        NOW, THEREFORE, in consideration of the mutual obligations in this
Amendment and for other good consideration, the receipt and sufficiency of which
are acknowledged, the parties to this Amendment agree as follows:

        Bank and Cardservice acknowledge that the initial, Second Addendum and
Third Addendum to the Original Agreement, dated November 1993 and September
1996, are of no further force or effect.

        Paragraph 1.0, 1.1, 1.2 and 1.6 is deleted in its entirety. Cardservice
shall not be required to maintain any reserve account.

        Paragraphs 1.6 and 2.3e shall cease to have any effect as of January 1,
2001.


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        Paragraph 2.1 is deleted in its entirety. It is replaced with a new
paragraph 2.1 which reads as follows:

               Each month BANK shall retain for itself that portion of the
               Merchant Fees for Covered Merchants which equals 2.0 basis points
               (.02%) of net bankcard sales. In addition, Bank is entitled to
               one half of the earnings on the float arising from Cardservice's
               deposit relationships.

        A new Paragraph 3.5 is added that reads as follows:

               Except for funds otherwise earning interest, including but not
               limited to certificate of deposit funds, Bank shall pay
               CARDSERVICE daily interest at the rate of 1/2 of the daily
               revenue earned by Bank, but in no event less than at the rate of
               1/2 of the daily, Federal Funds Rate as received daily by Bank
               sales of Federal Funds, on all merchant funds held by Bank
               including, but not limited to, bancontrol funds and funds on ACH
               delay.

        Paragraph 15.0 is modified to provide that all required or permitted
written notices to Cardservice shall be addressed to:

               Cardservice International, Inc.
               P.O. Box 5180
               Simi Valley, CA 93062-5180
               Attention: Don Headlund

        Bank and CARDSERVICE agree that all provisions of this Amendment shall
become effective on the date this Amendment is fully executed. Except as
modified by this Sixth Addendum, all other terms of the Original Agreement, as
amended, shall remain in full force and effect.

        IN WITNESS WHEREOF, each of the parties has caused this Amendment to be
executed on its behalf by a duly authorized representative on the day written
below.

REDDING BANK OF COMMERCE CARDSERVICE INTERNATIONAL, INC.

MICHAEL C. MAYER                       DON HEADLUND

Name: Michael C. Mayer                 Name: Don Headlund

Title: President & CEO                 Title: President

Date: March 28, 2001                   Date: March 28, 2001




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