UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549


                                   FORM 10-QSB

[x] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
                              EXCHANGE ACT OF 1934


                  For the quarterly period ended June 30, 2004

                                       OR

[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
                              EXCHANGE ACT OF 1934

      For the transition period from ________________ to _________________

                          Commission File No. 33-94050

                             Volunteer Bancorp, Inc.
             (Exact name of registrant as specified in its charter)

         Tennessee                                      62-1271025
         ---------                                      ----------
     (State or other jurisdiction of                 (I.R.S. Employer
     incorporation or organization)              Identification Number)

210 East Main Street, Rogersville,                         37857
----------------------------------                         -----
              Tennessee                                 (Zip Code)
              ---------
(Address of principal executive offices)

         Registrant's telephone number, including area code 423-272-2200
                                                            ------------

                                 Not applicable
--------------------------------------------------------------------------------
Former name, former address and former fiscal year, if changed since last report

Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 12, 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.                                [X] Yes [ ] No

Indicate  by check mark  whether  the  registrant  is an  accelerated  filer (as
defined in Rule 12b-2 of the Exchange Act).                       [ ] Yes [X] No

     APPLICABLE  ONLY TO  CORPORATE  ISSUERS:  Indicate  the  number  of  shares
outstanding  of each of the issuer's  classes of common stock,  as of the latest
applicable date: 539,027 as of August 11, 2004.

     Transitional Small Business Disclosure Format (check one):   [ ] Yes [X] No

<PAGE>


                             VOLUNTEER BANCORP, INC.


                                      INDEX


Part I        Financial Information                                         Page
                                                                            ----
                Item 1.  Financial Statements

                  Consolidated Balance Sheet as of June 30, 2004               3

                  Consolidated Statements of Income for the Three and
                    Six Months Ended June 30, 2004 and June 2003               4

                  Consolidated Statements of Cash Flows for the Six
                    Months Ended June 30, 2004 and June 2003                   5

                  Notes to Consolidated Financial Statements                   6


                Item 2.  Management's Discussion and Analysis of Financial
                         Condition and Results of Operations                   7

                Item 3.  Controls and Procedures                              10

Part II       Other Information

                Item 1.  Legal Proceedings                                    11

                Item 2.  Changes in Securities                                11

                Item 3.  Defaults upon Senior Securities                      11

                Item 4.  Submission of Matters to a Vote of
                         Securities Holders                                   11

                Item 5.  Other Information                                    11

                Item 6.  Exhibits and Reports on Form 8-K                     11


Signatures                                                                    12





<PAGE>

                         PART 1 - FINANCIAL INFORMATION
                             VOLUNTEER BANCORP, INC.
                           CONSOLIDATED BALANCE SHEETS
                                  June 30, 2004
                                   (Unaudited)


ASSETS
Cash and due from banks                                      $        2,686,197
Federal funds sold                                                    1,100,276
                                                             ------------------
  Total cash and cash equivalents                                     3,786,473
Investment securities
  Available for sale                                                 21,227,434
  Held to maturity                                                      471,352
Loans, net (allowance for loan losses $878,075)                      73,359,782
Federal Home Loan Bank stock, at cost                                   393,600
Accrued interest receivable                                             713,861
Premises and equipment, net                                           3,683,308
Other real estate                                                       146,900
Cash surrender value life insurance                                   2,133,239
Other assets                                                            709,267
                                                             ------------------
 Total Assets                                                $      106,625,216
                                                             ==================
LIABILITIES
Deposits
 Non-interest bearing                                        $       14,157,968
 Interest bearing                                                    79,167,149
                                                             ------------------
   Total deposits                                                    93,325,117
Interest payable                                                        182,656
Federal funds purchased                                               1,725,000
Securities sold under repurchase agreements                             691,523
FHLB advances                                                         2,000,000
Other accrued liabilities                                               237,146
Note payable                                                            980,000
                                                             ------------------
   Total Liabilities                                                 99,141,442

STOCKHOLDERS' EQUITY
Common stock, $0.01 par value; 1,000,000 shares
 authorized; 539,027 shares issued and outstanding                        5,390
Additional paid-in capital                                            1,916,500
Retained earnings                                                     5,572,515
Accumulated other comprehensive income                                  (10,631)
                                                             ------------------
   Total Stockholders' Equity                                         7,483,774

   TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY                $      106,625,216
                                                             ==================



See accompanying notes to consolidated financial statements.

                                      -3-
<PAGE>


                         PART 1 - FINANCIAL INFORMATION
                             VOLUNTEER BANCORP, INC.
                        CONSOLIDATED STATEMENTS OF INCOME
                                   (Unaudited)

<TABLE>
<CAPTION>
                                                             Three Months Ended             Six Months Ended
                                                                    June 30                       June 30
                                                              2004         2003              2004         2003
                                                              ----         ----              ----         ----
<S>                                                       <C>            <C>            <C>             <C>
INTEREST INCOME
   Loans, including fees                                  $ 1,217,957    $ 1,240,801    $ 2,409,599     $ 2,481,998
   Federal funds                                                1,190          7,293          2,003          18,952
   Investment securities:
     Taxable                                                  135,378        211,114        287,153         443,664
     Tax-exempt                                                72,556         73,062        145,352         144,647
                                                          -----------    -----------    -----------     -----------
       Total interest income                                1,427,081      1,532,270      2,844,107       3,089,261

INTEREST EXPENSE
   Deposits                                                   284,105        418,182        600,160         862,425
   Other borrowed funds                                        17,570         22,114         37,118          47,893
                                                          -----------    -----------    -----------     -----------
     Total interest expense                                   301,675        440,296        637,278         910,318

Net interest income                                         1,125,406      1,091,974      2,206,829       2,178,943
Provision for loan losses                                     100,000        290,000        100,000         390,000
                                                          -----------    -----------    -----------     -----------

Net interest income after provision for loan losses         1,025,406        801,974      2,106,829       1,788,943
                                                          -----------    -----------    -----------     -----------

NON-INTEREST INCOME
   Service charges on deposits and fees                       114,339        132,122        225,807         242,272
   Securities gains                                                 0              0         25,017         106,465
   Other non-interest income                                   64,175         66,178        118,980         102,547
                                                          -----------    -----------    -----------     -----------
     Total non-interest income                                178,514        198,300        369,804         451,284

NON-INTEREST EXPENSE
   Salaries and employee benefits                             499,002        504,917        980,045       1,009,541
   Occupancy and equipment expenses                           152,110        212,047        312,214         379,270
   Other non-interest expense                                 325,870        292,059        623,310         633,554
                                                          -----------    -----------    -----------     -----------
     Total non-interest expense                               976,982      1,009,023      1,915,569       2,022,365
                                                          -----------    -----------    -----------     -----------

(Loss) income before income taxes                             226,938         (8,749)       561,064         217,862
Income tax (benefit) expense                                   55,124        (32,925)       150,363          32,154
                                                          -----------    -----------    -----------     -----------

Net Income                                                $   171,814    $    24,176    $   410,701     $   185,708
                                                          ===========    ===========    ===========     ===========

Other comprehensive income
   Unrealized gain (loss) on securities available
     for sale, before tax                                 $  (460,825)   $   197,785    $  (342,350)    $   126,442
   Reclassification for gains included in net income                0              0        (25,017)       (106,465)
   Income taxes related to other comprehensive income         175,113        (75,158)       139,599          (7,591)
                                                          -----------    ------------   -----------     -----------
                                                             (285,712)       122,627       (227,768)         12,386
                                                          -----------    -----------    -----------     -----------

Total comprehensive income                                $  (113,898)   $   146,803    $   182,933     $   198,094
                                                          ===========    ===========    ===========     ===========

Net income (loss) per common share                        $       .32    $      0.04    $       .76     $      0.34

Common shares outstanding                                     539,027        539,027        539,027         539,027

</TABLE>


See accompanying notes to consolidated financial statements.

                                      -4-

<PAGE>

                         PART I - FINANCIAL INFORMATION
                             VOLUNTEER BANCORP, INC.
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                                   (Unaudited)
<TABLE>
<CAPTION>
                                                                                        Six Months Ended
                                                                                              June 30
                                                                                              -------
                                                                                    2004                  2003
                                                                                    ----                  ----
<S>                                                                          <C>                   <C>
CASH FLOWS FROM OPERATING ACTIVITIES
   Net income                                                                $        410,701      $        185,708
   Adjustments to reconcile net income to net cash
     from operating activities
       Provision for loan losses                                                      100,000               390,000
       Depreciation and amortization                                                  196,226               198,444
       Gain on securities                                                             (22,807)             (107,903)
       Writedown of OREO                                                               17,600                 5,000
       Federal Home Loan bank stock dividends                                          (7,600)               (7,300)
       Increase in cash surrender value of life insurance                             (44,535)              (35,077)
       Change in:
         Accrued interest receivable                                                   45,527               157,998
         Other assets                                                                 144,921               170,923
         Other liabilities                                                            (21,543)              257,750
                                                                             ----------------      ----------------
           Net cash from operating activities                                         818,490             1,215,543

CASH FLOWS FROM INVESTING ACTIVITIES Activity in held to maturity securities:
     Maturities, prepayments, and calls                                               236,336               324,300
   Activity in available for sale securities:
     Sales                                                                          3,744,590             5,797,617
     Purchases                                                                              0           (17,106,022)
     Maturities, prepayments, and calls                                             1,668,337             7,821,078
   Net change in loans                                                             (4,837,655)           (1,481,760)
   Purchase of premise and equipment, net                                             (70,210)              (27,668)
   Proceeds from sale - OREO                                                        1,205,765               180,083
   Investment in cash surrender value life insurance                                        0            (2,000,000)
                                                                             ----------------      -----------------
     Net cash from investing activities                                             1,947,163            (6,492,372)

CASH FLOWS FROM FINANCING ACTIVITIES
   Net change in deposits                                                          (3,387,723)            2,617,322
   Net change in securities sold under repurchase agreements                         (392,379)             (742,047)
   FHLB advances                                                                    2,000,000                     0
   Repayment of long-term debt                                                       (435,000)             (395,000)
                                                                             ----------------      ----------------
     Net cash from financing activities                                            (2,215,102)            1,480,275
                                                                             ----------------      ----------------

Net change in cash and cash equivalents                                               550,551            (3,796,554)

Cash and cash equivalents at beginning of period                                    3,235,922             9,155,507
                                                                             ----------------      ----------------

Cash and cash equivalents at end of period                                   $      3,786,473      $      5,358,953
                                                                             ================      ================

Supplemental disclosure of cash flow information

Transfers from loans to foreclosed real estate                               $         97,000         $    802,430
Cash paid during the period for
     Interest                                                                $        772,202      $        850,162
     Income taxes                                                                       3,704                91,204
</TABLE>


See accompanying notes to consolidated financial statements.

                                      -5-

<PAGE>



1.   Management Opinion

In the opinion of management,  the unaudited  consolidated  financial statements
include  all normal  adjustments  considered  necessary  to  present  fairly the
financial  position as of June 30, 2004, the results of operations for the three
and six months  ended June 30, 2004 and 2003,  and cash flows for the six months
ended  June  30,  2004  and  2003.  All of these  adjustments  are of a  normal,
recurring nature.  Interim results are not necessarily indicative of results for
a full year.

The accompanying  unaudited consolidated financial statements have been prepared
in accordance with accounting principles generally accepted in the United States
of America for interim financial  information and with the instructions for Form
10-Q.  Accordingly,  they do not include all of the  information  and  footnotes
required by  accounting  principles  generally  accepted in the United States of
America for complete financial statements.

For further  information,  refer to the  consolidated  financial  statements and
footnotes  included in the Company's  annual report for the year ended  December
31, 2003. The  consolidated  financial  statements  include the accounts for the
Company and the Bank. All material  intercompany  balances and transactions have
been eliminated in consolidation.

2.   Long-Term Debt

The Company's  long-term debt consists of a single note payable in the amount of
$980,000 at June 30, 2004, due an unaffiliated  national bank. The interest rate
on the note adjusts quarterly and is equal to the three-months  London Interbank
Offered  Rate (Three  Month  LIBOR) plus 1.95% per annum or at the option of the
Company,  the rate on the note is equal to the lender's  index rate as such rate
changes from time to time.  The Company may change  interest rate options at any
time with prior notice to the lender. Interest is payable quarterly. At June 30,
2004, the rate on the note was 3.13% per annum. Principal is payable annually on
January 31 as follows:


                2005                             $     470,000
                2006 (final maturity)                  510,000
                                                 -------------
                                                 $     980,000

The loan is secured by all of the stock of Citizens Bank of East Tennessee owned
by the Company.

The note agreement  contains financial and operating  covenants.  As of June 30,
2004, the Company is in compliance with these covenants.

3.   Contingencies

During the course of business,  the Company makes various commitments and incurs
certain  contingent  liabilities  that  are not  presented  in the  accompanying
balance sheet.  The commitments  and contingent  liabilities may include various
guarantees,  commitments  to extend  credit,  standby  letters  of  credit,  and
litigation.  In the opinion of  management,  no material  adverse  effect on the
financial  position,  liquidity  or  operating  results of the  Company  and its
subsidiary is anticipated as a result of these items.

4.   Certain Regulatory Matters

As a result  of  certain  findings  in the  Tennessee  Department  of  Financial
Institution's  Report of Examination  dated June 4, 2001, the Board of Directors
of the Bank entered into a Memorandum of Understanding (the "Memorandum"), dated
August 16, 2001, with the Commissioner of the Tennessee  Department of Financial
Institutions and the Memphis Regional  Director of the Federal Deposit Insurance
Corporation.  A Memorandum of Understanding is an informal  administrative  tool
for  institutions  that have some weaknesses that if not properly  addressed and
corrected  could lead to supervisory  concern  requiring  formal  administrative
action. The areas addressed in the Memorandum covered capital


                                      -6-
<PAGE>

adequacy,  laws and regulations,  data processing  audit and review,  investment
policy maturity strategies,  adequate documentation of each of the foregoing but
primarily credit administration. As a result, the Board has reviewed a number of
the  Bank's   policies  and  procedures   including  its  loan  policy  and  has
incorporated  recommendations  designed  to  strengthen  credit  quality and the
Bank's review procedures regarding loan loss reserve adequacy. Management of the
Company and the Bank believe that the Bank is in substantial compliance with the
provisions of the Memorandum.

Item 2. Management's  Discussion and Analysis of Financial Condition and Results
        of Operations

As of and for the Three and Six Months Ended June 30, 2004 and 2003

The  following  provides a narrative  discussion  and  analysis  of  significant
changes in the  results of  operations  and  financial  condition  of  Volunteer
Bancorp,  Inc. (the  "Company").  This discussion  should be read in conjunction
with the consolidated  financial  statements and related financial  analysis set
forth in the Company's 2003 Annual Report,  the interim  unaudited  consolidated
financial  statements  and notes for the three  months and six months ended June
30,  2004,  included  elsewhere  herein,  and the  supplemental  financial  data
included herein.

CAUTIONARY STATEMENT ABOUT FORWARD-LOOKING INFORMATION

This discussion contains certain  forward-looking  statements (as defined in the
Private Securities  Litigation Reform Act of 1995). Such statements are based on
management's   expectations  as  well  as  certain   assumptions  made  by,  and
information  available to, management.  Specifically,  this discussion  contains
forward-looking statements with respect to the following items:

     -    effects of projected changes in interest rates,

     -    effects of changes in the securities markets,

     -    effects of changes in general economic conditions,

     -    the adequacy of the  allowance  for loan losses on loans and the level
          of future provisions for losses on loans, and

     -    business  plans for the year 2004 and  beyond  including  underwriting
          criteria.

When used in this  discussion,  the  words  "anticipate",  "project",  "expect",
"believe",   "should",   and  similar   expressions  are  intended  to  identify
forward-looking statements.

These  forward-looking  statements  involve  significant risks and uncertainties
including changes in general economic and financial market  conditions,  changes
in banking  laws and  regulations,  and the  Company's  ability  to execute  its
business plans. Although the Company believes that the expectations reflected in
the  forward-looking  statements  are  reasonable,  actual  results could differ
materially.

SUMMARY

The Company reported net income for the first six months of 2004 of $410,701, or
$.76 per common share,  compared to net income of $185,708 for the same period a
year ago and for the three months  ended June 30, 2004 net income was  $171,814,
or $.32 per share  compared  to a net income of $24,176 or $.04 per share in the
second quarter of 2003.  Total assets  decreased  approximately  $2,054,000 from
December  31, 2003 to June 30, 2004.  Our return on average  assets was .76% for
June 30, 2004  compared to .33% for  December  31,  2003.  This  improvement  is
primarily  due to  significantly  lower loan loss  provisions  and a decrease in
non-interest expense.

                                      -7-
<PAGE>

Financial Condition

Earning Assets.

Average  earning  assets has remained  constant as a percentage of total average
assets.  Average  earning assets to Average Assets is 90.6% for six months ended
June 30, 2004 compared to 90.7% for all of 2003.

Loan Portfolio.

The Company's  total loan portfolio has increased 6.6% at June 30, 2004 compared
to December 31, 2003. There were differences in the mix as summarized below.

                                                June 30             December 31
                                                  2004                2003
                                                  ----                ----
                                                        (in thousands)

Commercial, financial and agriculture      $     5,346         $     4,721
Real estate - construction                       4,919                 992
Real estate - mortgage                          55,387              54,588
Consumer                                         7,918               7,765
Other                                              668               1,565
                                           -----------         -----------
                                           $    74,238         $    69,631
                                           ===========         ===========

Allowance for Possible Loan Losses.

Lending  officers are responsible for the ongoing review and  administration  of
each loan.  They make the  initial  identification  of loans that  present  some
difficulty in collection or where there is an indication that the probability of
loss exists.  Lending  officers are responsible  for the collection  effort on a
delinquent loan.  Senior  management is informed of the status of delinquent and
problem loans on a weekly basis.

Senior management makes recommendations  monthly to the Board of Directors as to
charge-offs. Senior management reviews the allowance for possible loan losses on
a monthly basis.

The  Company's  policy  is to  discontinue  interest  accrual  when  payment  of
principal and interest is 90 days or more in arrears, unless there is sufficient
collateral to justify continued accrual.

The  allowance  for  losses  represents  management's  assessment  of the  risks
associated  with extending  credit and its evaluation of the quality of the loan
portfolio.  Management  analyzes the loan portfolio to determine the adequacy of
the  allowance  for loan  losses  and the  appropriate  provisions  required  to
maintain a level  considered  adequate to absorb probable  incurred loan losses.
The  provision  for loan losses was  $100,000  for the six months ended June 30,
2004 as compared to $390,000 in the same period in 2003.  For the quarter  ended
June 30, 2004 the provision was $100,000 compared to $290,000 in 2003.

The  allowance  for loan losses at June 30, 2004 was 1.18% of loans.  Management
believes that the $878,075 at June 30, 2004 is adequate to absorb known risks in
the portfolio.


                                      -8-
<PAGE>

The  following  table  provides the changes in the allowance for loan losses for
the periods indicated.

                                                     Six Months Ended June 30
                                                    2004                  2003
                                                    ----                  ----
                                                          (in thousands)
Balance, beginning of year                        $  911               $ 1,111
Provision charged to expense                         100                   390
Loans charged off                                   (183)                 (565)
Recoveries                                            50                    17
                                                  ------               -------
Balance, end of year                              $  878               $   953


Investment Portfolio.

The Company maintains an investment  strategy of seeking portfolio yields within
acceptable risk levels,  as well as providing  liquidity.  The Company maintains
two  classifications  of investment  securities;  Available for Sale and Held to
Maturity.  The Available for Sale  securities  are carried at fair market value,
whereas the Held to Maturity  securities are carried at amortized  cost. At June
30, 2004,  there was an unrealized  loss in the Available for Sale securities of
approximately $17,000 compared to an unrealized gain of $350,000 at December 31,
2003.

The company's  Investment  securities  portfolio  decreased  approximately  $5.4
million  since  December 31, 2003.  This  decrease is  primarily  attributed  to
management selling lower yielding securities to fund higher yielding loans.

Cash Value of Life Insurance.

During  the first  quarter  of 2003,  the  Company  invested  in Bank owned life
insurance  to provide a higher  yield  than  alternative  investments.  The cash
surrender  value of this life  insurance is  $2,133,239  at June 30,  2004.  All
officers of The  Citizens  Bank of East  Tennessee  as of February  15, 2003 are
insured.

Deposits.

Deposits  totaled  $93,325,117  at June 30,  2004  compared  to  $96,712,840  at
December  31,  2003.  The deposit  decline has  primarily  been in the  Interest
Bearing accounts.  Management has aggressively  priced interest bearing deposits
to  improve  interest  margins.  Additionally,  management  is  working to limit
deposit growth to only core deposit  customers.  This limited growth will assist
in management's overall strategy to strengthen capital ratios.

Note Payable.

The company's  long-term debt consists of a single note payable in the amount of
$980,000 at June 30, 2004 due an  unaffiliated  national  bank and is  discussed
further in Note 2 in the Notes to Consolidated Financial Statements.

Results of Operations

Net income  increased  to $410,701  for the six months  ended June 30, 2004 from
$185,708 in the same period in 2003.  For the three  months ended June 30, 2004,
net income was $171,814 compared to $24,176 in 2003.

Net interest  income  increased 1.28% from the six months ended June 30, 2003 to
the same period in 2004 from  $2,178,943 to $2,206,829 and increased 3% from the
three month period ended June 30, 2003 to the same period in 2004.

                                      -9-

<PAGE>


The provision for loan losses  decreased  $190,000 and $290,000 during the three
and six months  ended June 30,  2004  compared  to the same  periods  last year.
Non-performing  assets  decreased  $2,123,000 from December 31, 2003 to June 30,
2004.

Non-performing assets were as follows as of June 30, 2004 and December 31, 2003:

                                               June 30             December 31
                                                 2004                2003
                                                 ----                ----
                                                       (in thousands)

Loans past due over 90 days                $      100           $   1,035
Non-accrual loans                                 374                 175
Other real estate owned                           147               1,534
                                          -----------           ---------
     Total non-performing assets          $       621           $   2,744
                                          ===========           =========

Non-Interest Income.

Gains on the sale of securities decreased $83 thousand from $108 thousand in the
first half of 2003 to $25  thousand in the first half of 2004.  Service  charges
decreased  $18  thousand and $16 thousand in the three and six months ended June
30, 2004.

Non-Interest Expense.

Salaries  and  employee  benefits  decreased $6 thousand and $29 thousand in the
three and six  months  ended  June 30,  2004  compared  to 2003.  Occupancy  and
equipment  expenses were  significantly  lower in the three and six months ended
June 30,  2004  than in 2003,  as a result  of  maturing  operating  leases  for
equipment.  Other non-interest  expense decreased $10 thousand in the six months
ended June 30, 2004  compared to 2003 and  increased  $34 thousand for the three
months ending June 30, 2004.

Item 3.  Controls and Procedures

     (a)  Evaluation of Disclosure Controls and Procedures.

          The  Company's  President  and its Vice  President  and  Cashier  have
          evaluated  the  effectiveness  of  the  design  and  operation  of the
          Company's  disclosure  controls and procedures (as defined in Exchange
          Act Rule  13a-14(c)) as of a date within 90 days of the filing date of
          this quarterly report. Based on that evaluation, the President and the
          Vice   President  and  Cashier  have   concluded  that  the  Company's
          disclosure  controls  and  procedures  are  effective  to ensure  that
          material  information  relating  to  the  Company  and  the  Company's
          consolidated  subsidiaries  is made known to such  officers  by others
          within these entities,  particularly  during the period this quarterly
          report was  prepared,  in order to allow  timely  decisions  regarding
          required disclosure.

     (b)  Changes in Internal Controls.

          There have not been any significant  changes in the Company's internal
          controls or in other  factors  that could  significantly  affect these
          controls subsequent to the date of their evaluation.


                                      -10-



<PAGE>

                           PART II - OTHER INFORMATION

Item 1.   Legal Proceedings

          None

Item 2.   Changes in Securities

          None

Item 3.   Defaults upon Senior Securities

          None

Item 4.   Submission of Matters to a Vote of Security Holders

          At the annual meeting on May 27, 2004, the  shareholders  voted on the
          following proposal with the results as indicated:

          Elected four of its current  directors to continue in office until the
          2007 meeting of shareholders.  Current directors elected to three-year
          terms were as follows:
                                               For            Withhold Authority
                                               ---            ------------------
                    Reed Matney               402,336                 0
                    Shirley Price             402,336                 0
                    Carlin Greene             402,336                 0
                    Leon Gladson              402,336                 0

              Directors continuing to serve include:

                    William E. Phillips                   G. Douglas Price
                    Scott Collins                         Gary Varnell
                    Neil Miller                           George Brooks
                    Jim Friddell

Item 5. Other Information

        None

Item 6. Exhibits and Reports on Form 8-K

          (a)  Exhibits

               31.1 Certification  of  President  Pursuant  to  Section  302  of
                    Sarbanes-Oxley Act

               31.2 Certification  of Vice President  Pursuant to Section 302 of
                    Sarbanes-Oxley Act

               32   Certification  of President  and Vice  President and Cashier
                    Pursuant  to  Section  18 U.S.C.  Section  1350 (As  Adopted
                    Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002)

          (b)  There have been no Current  Reports on Form 8-K filed  during the
               quarter ended June 30, 2004.

                                      -11-

<PAGE>



                                   SIGNATURES

In accordance with the  requirements of the Exchange Act, the registrant  caused
this  report to be  signed on its  behalf  by the  undersigned,  thereunto  duly
authorized.


                                   VOLUNTEER BANCORP, INC.

Date:  August 12, 2004             /s/ Reed D. Matney
                                   ---------------------------------------------
                                       Reed D. Matney, President


Date:  August 12, 2004            /s/ Greg Oliver
                                  ----------------------------------------------
                                      Greg Oliver, Vice President and Cashier













                                      -12-