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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K/A
AMENDMENT NO. 2
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported) March 20, 1996
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COMMISSION FILE NUMBER 0-14620
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COMMUNITY BANKSHARES, INC.
(Exact name of registrant as specified in its charter)
NEW HAMPSHIRE 02-0394439
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(State of incorporation (I.R.S. Employer
or organization) Identification No.)
43 NORTH MAIN STREET
CONCORD, NEW HAMPSHIRE 03301
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(Address of principal executive offices)
(Zip Code)
(603) 224-1100
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(Registrant's telephone number, including area code)
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Item 2. Acquisition or Disposition of Assets
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On March 20, 1996, Community Interim Trust Company, a wholly owned subsidiary of
Community Bankshares, Inc. (the "Registrant"), was merged (the "Merger") with
and into Centerpoint Bank, a New Hampshire-chartered trust company
("Centerpoint"), pursuant to an Agreement and Plan of Merger by and between the
Registrant and Centerpoint dated as of August 29, 1995. As a result of the
Merger, Centerpoint became a wholly owned subsidiary of the Registrant.
A Current Report on Form 8-K with respect to the Merger was filed with the
Commission on April 3, 1996. A Current Report on Form 8-K/A containing the
required financial statements for Centerpoint and the required pro forma
financial information (see Item 7, below) was filed with the Commission on May
31, 1996, as permitted by paragraph 4 of Item 7(a) and (b). This Amendment No. 2
to the Current Report on Form 8-K/A clarifies that the financial statements
filed as Exhibit 99 represent the required pro forma financial information.
Item 7. Financial Statements and Exhibits
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(a) Financial Statements of Business Acquired
(i) Report of Ernst & Young LLP dated February 1, 1996 with
respect to the Balance Sheets of Centerpoint Bank as of December 31, 1995 and
1994, and the related Statements of Operations, Shareholders' Equity and Cash
Flows for each of the three years in the period ended December 31, 1995.
(ii) Balance Sheets of Centerpoint Bank as of December 31, 1995
and 1994, and the related Statements of Operations, Shareholders' Equity
and Cash Flows for each of the three years in the period ended December 31, 1995
(and Notes to Financial Statements).
(b) Pro Forma Financial Information
The Supplemental Consolidated Balance Sheets of Community Bankshares, Inc. and
subsidiaries as of December 31, 1995 and June 30, 1995 and 1994, and the related
Supplemental Consolidated Statements of Income, Changes in Stockholders' Equity
and Cash Flows for the six months ended December 31, 1995 and for each of the
three years in the three year period ended June 30, 1995 (and Notes to
Supplemental Consolidated Financial Statements) filed as Exhibit 99 to the
Current Report on Form 8-K/A filed on May 31, 1996 represents the pro forma
financial information required by this Item 7(b).
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SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on
its behalf by the undersigned, thereunto duly authorized.
COMMUNITY BANKSHARES, INC.
by /s/ GERALD R. EMERY
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Gerald R. Emery
Principal Financial and Chief
Accounting Officer
Date: June 3, 1996
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