Exhibit 99

                 PRESS RELEASE OF FSB COMMUNITY BANKSHARES, INC.

November 5, 2007

FOR IMMEDIATE RELEASE
Contact: Dana C. Gavenda, Chief Executive Officer
FSB Community Bankshares, Inc.
Tel (585) 223-9080


                         FSB COMMUNITY BANKSHARES, INC.
                          ANNOUNCES QUARTERLY EARNINGS

Fairport,  New York,  November 5, 2007:  FSB  Community  Bankshares,  Inc.  (the
"Company")  (OTC Bulletin  Board:  FSBC),  the mid-tier stock holding company of
Fairport  Savings  Bank,  reported  a net loss of $1,000 for the  quarter  ended
September 30, 2007 compared to a net loss of $112,000 for the quarter ended June
30, 2007 and net income of $27,000 for the quarter ended September 30, 2006. The
net loss of $1,000 for the quarter ended  September 30, 2007 included an $81,000
gain on the sale of available  for sale  securities.  The Company's net interest
margin for the quarter  ended  September  30, 2007  increased 13 basis points to
2.31% from 2.18% for the quarter ended June 30, 2007.

For the nine months ended September 30, 2007, the Company reported a net loss of
$248,000  compared to net income of $191,000 for nine months ended September 30,
2006. The net loss in the 2007 period resulted primarily from the inverted yield
curve  that  existed  for  most of the year and the  Company's  higher  level of
non-interest expense reflecting the January 2007 opening of the branch office in
Irondequoit, New York.

Stockholders'  equity at  September  30,  2007 was $20.3  million,  or 12.27% of
assets.

The Company  completed  its initial stock  offering on August 10, 2007,  issuing
1,785,000 shares of common stock, of which 838,950 shares,  or 47.0%,  were sold
to the  public  and  946,050  shares,  or 53.0%,  were  issued to FSB  Community
Bankshares,  MHC, the Company's parent mutual holding company. Net proceeds from
the offering were approximately $7.5 million.

At September 30, 2007,  FSB  Community  Bankshares,  Inc. had $165.4  million in
consolidated  assets and $121.2 million in deposits.  The Company is a federally
chartered  corporation.  Fairport  Savings Bank (the  "Bank"),  the wholly owned
subsidiary of the Company,  conducts  business from its main office in Fairport,
New York and two branches  located in Penfield,  New York and  Irondequoit,  New
York. The Bank's principal business consists of originating one- to four- family
residential real estate mortgages,  loans and home equity lines of credit and to
a  lesser  extent   originations  of  commercial   real  estate,   multi-family,
construction  and other consumer  loans.  The Bank attracts retail deposits from
the  general  public in the areas  surrounding  its main  office  and  branches,
offering  a  wide  variety  of  deposit  products.   Through  its  wholly  owned

subsidiary, Oakleaf Services Corporation, the Bank offers non-deposit investment
products, consisting of annuities, insurance products and mutual funds.


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