UNITED STATES
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): August 16, 2006
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PROVIDENT COMMUNITY BANCSHARES, INC.
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(Exact name of registrant as specified in its charter)
Delaware 1-5735 57-1001177
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(State or other jurisdiction of (Commission (IRS Employer
incorporation or organization) File Number) Identification No.)
203 West Main Street, Union, South Carolina 29379-0886
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (864) 427-9000
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Not Applicable
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(Former name or former address, if changed since last report.)
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:
[ ] 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 8.01 Other Events.
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On August 16, 2006, the Board of Directors of Provident Community
Bancshares, Inc. (the "Corporation") approved the repurchase of up to 5% of the
Corporation's outstanding common stock, or 92,000 shares.
A press release announcing the Company's stock repurchase is attached as
Exhibit 99.1 and incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
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(a) Financial Statements of Businesses Acquired: Not applicable
(b) Pro Forma Financial Information: Not applicable
(c) Shell Company Transactions: Not applicable
(d) Exhibits
Number Description
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99.1 Press Release Dated August 16, 2006
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.
PROVIDENT COMMUNITY BANCSHARES, INC.
Dated: August 16, 2006 By: /s/ Dwight V. Neese
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Dwight V. Neese
President and Chief Executive Officer