SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 15
Certification and Notice of Termination of Registration under Section 12(g) of
the Securities Exchange Act of 1934 or Suspension of Duty to File Reports Under
Sections 13 and 15(d) of the Securities Exchange Act of 1934.
Commission File Number: 333-62061
Community Bankshares of Maryland, Inc.
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(Exact name of registrant as specified in its charter)
16410 Heritage Boulevard, Bowie, Maryland 20716
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(Address, including ZIP code, and telephone number, including area code, of
registrant's principal executive offices)
Common Stock, $10.00 par value
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(Title of all other classes of securities covered by this Form)
Please place an X in the box(es) to designate the appropriate rule
provision(s) relied upon to terminate or suspend the duty to file reports:
Rule 12g-4(a)(1)(i) [ ] Rule 12h-3(b)(1)(ii) [ ]
Rule 12g-4(a)(1)(ii) [ ] Rule 12h-3(b)(2)(i) [ ]
Rule 12g-4(a)(2)(i) [ ] Rule 12h-3(b)(2)(ii) [ ]
Rule 12g-4(a)(2)(ii) [ ] Rule 15d-6 [X]
Rule 12h-3(b)(1)(i) [X]
Approximate number of holders of record as of the certification or notice
date: 173
The Company's registration statement on Form SB-2 became effective on
October 27, 1998. Following termination of the offering to which the
registration statement related on December 31, 1998, the Company had
approximately 173 shareholders of record. At January 1, 1998, the beginning of
the Company's fiscal year, the Company had approximately 50 shareholders of
record. The Company has not filed any reports pursuant to Section 15(d), the
first such required report being the annual report on Form 10-KSB for the year
ended December 31, 1998. The Company requests the Commission's approval of the
suspension of its obligations to report pursuant to Section 15(d) as the benefit
to investors of the Company's reporting under the Exchange Act is far exceeded
by the operational burden and expense of preparing and filing such reports. The
Company's of common stock is not traded on any exchange or other organized
market, and no market makers offer to make a market in the Company's stock.
Trading has historically been infrequent, and it is unlikely that an active
market in the Company's stock will develop. The Company plans to continue its
practice of distributing its audited financial statements to all shareholders,
virtually all of whom are resident in the Company's primary market area. If
required to file reports through 1999, it is probable that the Company would be
eligible for suspension of its obligation to file reports under Section 15(d)
after December 31, 1999, as it is improbable that the Company will have in
excess of 500 shareholders at December 31, 1999, or be required to register
under Section 12 of the Exchange Act. In light of the foregoing, the Company
does not believe that there is any public benefit to investors in having the
Company divert substantial human and financial resources from its principal
effort.
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Pursuant to the requirements of the Securities Exchange Act of 1934,
Community Bankshares of Maryland, Inc. has caused this certificate/notice to be
signed on its behalf by the undersigned duly authorized person.
DATE: January 22, 1999 BY: /s/ William V. Meyers
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William V. Meyers, Chairman
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