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
Date of Report (Date of earliest event reported):
October 25, 1996
South Carolina Community Bancshares, Inc.
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(Exact name of registrant as specified in its charter)
Delaware 0-24476 22-0999615
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(State or other (Commission (I.R.S. Employer
jurisdiction of File No.) Identification No.)
incorporation
Registrant's telephone number, including area code:(803) 635-5536
Not Applicable
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(Former name or former address, if changed since last report)
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Item 2. Acquisition or Disposition of Assets
On October 25, 1996, South Carolina Community Bancshares
(the "Registrant") announced that its wholly owned subsidiary
Community Federal Savings Bank (formally Community Federal
Savings and Loan Association) completed a branch acquisition of
First Palmetto Savings Bank, F.S.B's, Winnsboro branch. In
connection with the branch acquisition, the Registrant assumed
approximately $3.9 million in deposit liabilities and acquired
approximately $2.2 million in loans. No goodwill was created in
connection with the branch acquisition.
Item 7. Financial Statements, Pro Forma Financial Information and
Exhibits.
The Registrant is unable at this time to provide the pro
forma financial information required. Such information shall be
filed as soon as practicable, but in no event shall it be filed
later than 60 days after the date in which this report must be
filed.
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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.
SOUTH CAROLINA COMMUNITY BANCSHARES, INC.
DATE: November 4, 1996 By: /s/Alan Pullen
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Alan Pullen
President and
Chief Executive Officer
