Attached files
| file | filename |
|---|---|
| EX-99.1 - EXHIBIT 99.1 - COMMUNITY SHORES BANK CORP | v368476_ex99-1.htm |
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): February 06, 2014
____________________
Community Shores Bank Corporation
(Exact name of registrant as specified in its charter)
| Michigan | 000-51166 | 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 8.01 Other Events.
Following four consecutive quarters of sustaining adequate capitalization at our wholly owned subsidiary, Community Shores Bank (the "Bank"), we received formal notice on February 7, 2014, from the Federal Deposit Insurance Corporation ("FDIC") that the Supervisory Prompt Corrective Action Directive (the “Directive”) with regard to the Bank has been terminated. A copy of the FDIC’s order lifting the Directive is attached as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
| Exhibit Number | Description |
| 99.1 | Order Terminating Supervisory Prompt Corrective Action Directive dated February 6, 2014. |
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: February 13, 2014 | ||
| 2 |
Exhibit Index
| Exhibit Number | Description |
| 99.1 | Order Terminating Supervisory Prompt Corrective Action Directive dated February 6, 2014. |
| 3 |