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EX-99.1 - COMMUNITY FINANCIAL SHARES INCcommfin8kjan-14ex99.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): January 10, 2014


COMMUNITY FINANCIAL SHARES, INC.
(Exact name of registrant as specified in charter)

Maryland
(State or other jurisdiction
of incorporation)
 
0-51296
(Commission
File Number)
 
36-4387843
(IRS Employer
Identification No.)

357 Roosevelt Road, Glen Ellyn, Illinois 60137
(Address of principal executive offices, including zip code)

Registrant’s telephone number, including area code:  (630) 545-0900

Not Applicable
(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 1.02Termination of a Material Definitive Agreement.

On January 10, 2014, Community Bank – Wheaton/Glen Ellyn (the “Bank”), the wholly-owned subsidiary of Community Financial Shares, Inc. (the “Company”), received notification from the Federal Deposit Insurance Corporation (the “FDIC”) and the Division of Banking of the Illinois Department of Financial and Professional Regulation (the “Division of Banking”) that the Consent Order (the “Order”) issued to the Bank by the FDIC and Division of Banking on January 21, 2011 was terminated effective January 10, 2014.   The material terms and conditions of the Order were previously disclosed in the Company’s Current Report on Form 8-K filed on January 26, 2011, which is incorporated herein by reference. For more information, see the Company’s press release dated January 15, 2014, which is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
 
Item 9.01  Financial Statements and Exhibits
 
(d)    Exhibits
 
      Number         Description
 
              99.1      Press Release dated January 15, 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 FINANCIAL SHARES, INC.  
       
Date:  January 15, 2014
By:
/s/ Donald H. Wilson  
    Donald H. Wilson  
    Chairman, President and Chief Executive Officer