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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
October 30, 1997
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(Date of earliest event reported)
Community Savings Bankshares, Inc.
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(Exact name of registrant as specified in its charter)
United States 000-29460 65-0780334
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(State or Other jurisdiction (Commission file number) (IRS Employer
of incorporation) Identification No.)
660 U.S. Highway One, North Palm Beach, Florida 33408
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(Address of principal executive offices) (Zip Code)
(561) 888-2212
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(Registrant's telephone number, including area code)
Not Applicable
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(Former name, former address and former fiscal year,
if changed since last report)
Page 1 of 5 Pages
Exhibit Index appears on page 2
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Item 5. Other Events.
On October 30, 1997, Community Savings Bankshares, Inc. (the "Company"
or the ("Registrant") announced that the Company's Board of Directors authorized
the repurchase of up to 254,746 shares, or approximately five percent, of the
Company's issued and outstanding shares of common stock. A copy of the press
release, dated October 30, 1997, is attached hereto as Exhibit 99 and is
incorporated herein by reference.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(a) Not Applicable.
(b) Not Applicable.
(c) Exhibits:
99 Press Release, dated October 30, 1997.
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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 who is duly authorized.
COMMUNITY SAVINGS
BANKSHARES, INC.
Date: October 30, 1997 By: /s/James B. Pittard, Jr.
James B. Pittard, Jr.
President and Chief Executive Officer