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EX-10.1 - EX-10.1 - COMMUNITY SHORES BANK CORPk49922exv10w1.htm
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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): December 16, 2010
 
Community Shores Bank Corporation
(Exact name of registrant as specified in its charter)
         
Michigan
(State or other jurisdiction
of incorporation)
  000-51166
(Commission File
Number)
  38-3423227
(IRS Employer
Identification Number)
     
1030 W. Norton Avenue, Muskegon, Michigan
(Address of principal executive offices)
  49441
(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):
o     Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o     Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o     Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o     Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 

 


TABLE OF CONTENTS

Item 1.01 Entry into a Material Definitive Agreement.
Item 9.01 Financial Statements and Exhibits.
SIGNATURES
Exhibit Index
EX-10.1


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Item 1.01 Entry into a Material Definitive Agreement.
    On December 16, 2010, Community Shores Bank Corporation entered into a Written Agreement with the Federal Reserve Bank of Chicago. The Written Agreement became effective on December 16, 2010, when it was executed. It will be published by the FRB on or about December 21, 2010.
    A copy of the Written Agreement is included as Exhibit 10.1 and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
     
Exhibit Number   Description
 
   
10.1
  Written Agreement dated December 16, 2010, effective December 16, 2010, by and between Community Shores Bank Corporation and the Federal Reserve Bank of Chicago.

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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    
    Tracey A. Welsh   
    Senior Vice President, Chief Financial Officer and Treasurer   
 
Date: December 17, 2010

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Exhibit Index
     
Exhibit Number   Description
 
   
10.1
  Written Agreement dated December 16, 2010, effective December 16, 2010, by and between Community Shores Bank Corporation and the Federal Reserve Bank of Chicago.

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