UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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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): SEPTEMBER 26, 2006
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COMMUNITY SHORES BANK CORPORATION
(Exact name of registrant as specified in its charter)
MICHIGAN 333-63769 38-3423227
(State or other jurisdiction (Commission File (IRS Employer
of incorporation) Number) Identification Number)
1030 W. NORTON AVENUE, MUSKEGON, MICHIGAN 49441
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code 231-780-1800
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.
On October 31, 2005, Community Shores Bank (the "Bank"), a wholly-owned
subsidiary of Community Shores Bank Corporation, entered into a Buy and Sell
Agreement with Baumgardner-Hogan Real Estate, LLC, a Kentucky limited liability
company, to purchase vacant land located at the corner of Apple Avenue and
Quarterline in the City of Muskegon. On September 26, 2006, Community Shores
extended the Buy and Sell Agreement by signing Addendum #4. The addendum
essentially extends the contingency period of the Buy and Sell Agreement to
October 6, 2006. Addendum #4 is filed as exhibit 10.1 to this report.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits.
Exhibit Number Description
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10.1 Addendum #4 to Buy and Sell Agreement extending the contingency
period.
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SIGNATURES
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.
COMMUNITY SHORES BANK CORPORATION
By: /S/ TRACEY A. WELSH
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Tracey A. Welsh
Senior Vice President,
Chief Financial Officer and
Treasurer
Date: September 27, 2006
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EXHIBIT INDEX
Exhibit Number Description
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10.1 Addendum #4 to Buy and Sell Agreement extending the contingency
period.
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