UNITEDTable STATES SECURITIESof AND EXCHANGE COMMISSION Contents

~~Washington,~~UNITED ~~D.C.~~STATES SECURITIES ~~20549~~AND EXCHANGE COMMISSION

~~FORM~~Washington, ~~8-K~~D.C. 20549

~~CURRENT~~FORM ~~REPORT~~8-K ~~PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934~~

~~Date~~CURRENT ofREPORT PURSUANT ~~Report~~TO SECTION 13 OR 15(~~Date~~d) ofOF ~~Earliest~~THE SECURITIES ~~Event~~EXCHANGE ~~Reported):~~ACT ~~June 19,~~OF ~~2009~~1934

~~Southern~~Date ~~Community~~of ~~Bancshares,~~Report ~~Inc.~~(Date of Earliest Event Reported): September 1, 2009

~~(Exact~~Southern ~~Name~~Community ofBancshares, ~~Registrant as Specified in Charter)~~Inc.

Georgia		000-50252		58-2639705
(State of Incorporation)		(Commission File No.)		(IRS Employer Identification No.)

(Exact Name of Registrant as Specified in Charter)

525 North Jeff Davis Drive, Fayetteville, Georgia 30214 (Address of Principal Executive Offices, including Zip Code)


Georgia	000-50252	58-2639705
(State of Incorporation)	(Commission File No.)	(IRS Employer Identification No.)

525 North Jeff Davis Drive, Fayetteville, Georgia 30214 (~~770) 461-4365 (Registrant’s~~Address ~~Telephone~~of ~~Number~~Principal Executive Offices, including ~~Area~~Zip Code)

~~Check the appropriate box below if the Form 8~~(770) 461-~~K filing is intended to simultaneously satisfy~~4365 ~~the~~(Registrant’s ~~filing~~Telephone ~~obligation~~Number, ofincluding ~~the~~Area ~~registrant under any of the following provisions:~~ Code)

o ~~Written~~Check ~~communications~~the ~~pursuant~~appropriate tobox ~~Rule 425~~below ~~under~~if the ~~Securities~~Form ~~Act~~8-K filing is intended to simultaneously satisfy ~~(17~~the ~~CFR~~filing ~~230.425)~~obligation of the registrant under any of the following provisions:

o ~~Soliciting~~Written ~~material~~communications pursuant to Rule ~~14a-12~~425 under the ~~Exchange~~Securities Act (17 CFR ~~240~~230.~~14a-12~~425)

o ~~Pre-commencement~~Soliciting ~~communications~~material pursuant to Rule ~~14d~~14a-~~2(b)~~12 under the Exchange Act (17 CFR 240.~~14d~~14a-~~2(b~~12))

o Pre-commencement communications pursuant to Rule ~~13e~~14d-42(cb) under the Exchange Act (17 CFR 240.~~13e~~14d-42(cb))

~~Item~~o Pre-commencement ~~1.02.~~communications ~~Termination~~pursuant ofto aRule 13e-4(c) ~~Material~~under ~~Definitive~~the Exchange ~~Agreement~~Act (17 CFR 240.13e-4(c))

~~Please refer~~TABLE toOF ~~the disclosure set forth in Item 1.03 of this Current Report on Form 8-K (this “Report”).~~ CONTENTS

Item 1.03 Bankruptcy or Receivership. SIGNATURES

OnTable June 19, 2009, the Georgia Department of Banking and Finance (the “Georgia Department”) closed Southern Community Bank, the wholly owned commercial banking subsidiary of Southern Community Bancshares, Inc. (the “Company”), and the Federal Deposit Insurance Corporation (“FDIC”) was named as the receiver of Southern Community Bank. The Company’s principal asset is the common stock that it owns in Southern Community Bank, and, as a result of the closure of Southern Community Bank, the Company has very limited remaining tangible assets. As the owner of all of the capital stock of Southern Community Bank, the Company would be entitled to the net recoveries, if any, following the liquidation or sale of Southern Community Bank or its assets by the FDIC. However, at this time, the Company is unable to provide any assurance that any recovery will be realized by the Company or the timing of any such recovery. Contents

~~In connection with the closure of Southern Community Bank, the FDIC issued a press release, dated June~~Item ~~19,~~1.03 ~~2009,~~Bankruptcy ~~announcing~~or ~~the following:~~Receivership.

• On ~~The FDIC entered into a purchase and assumption agreement with United Community Bank~~September 1, ~~Blairsville~~2009, ~~Georgia, to assume all of the deposits of~~ Southern Community ~~Bank. Accordingly~~Bancshares, ~~all depositors of Southern Community Bank~~Inc., ~~including~~a ~~those~~Georgia ~~with~~corporation ~~deposits in excess of~~ (the ~~FDIC’s insurance limits~~ “Company”), ~~will~~filed ~~automatically~~a ~~become~~voluntary ~~depositors~~petition ~~of United Community Bank~~ for ~~the~~relief ~~full~~pursuant ~~amount of their deposits, and they will continue~~ to ~~have~~Chapter 7 uninterrupted access to their deposits. Depositors will continue to be insured with United Community Bank, so there is no need for customers to change their banking relationship to retain their deposit insurance. • The five offices of ~~Southern~~Title ~~Community~~11 ~~Bank will reopen for normal business hours, starting June 20, 2009, as branches~~ of United Community Bank. However, for a period of time, customers of Southern Community Bank should continue to use Southern Community Bank’s office locations until United Community Bank can fully integrate the ~~deposit records of Southern Community Bank. •~~ United States ~~Community~~Bankruptcy ~~Bank~~Court ~~agreed to pay a total premium of one percent~~ for ~~Southern Community Bank’s deposits. In addition, United Community Bank agreed to purchase approximately $364 million of Southern Community Bank’s assets. The FDIC will retain~~ the ~~remaining~~Northern ~~assets~~District ~~for later disposition. • Customers who have questions about the foregoing matters, or who would like more information about the closure~~ of ~~Southern Community Bank~~Georgia, Bankruptcy ~~can~~Case ~~visit the FDIC’s Internet website located at http://www~~No.~~fdic.gov/bank/individual/failed/scb.html~~ ~~or call the FDIC toll~~09-~~free at 1-866-308-4470~~13159.

A The bankruptcy ~~complete~~trustee ~~copy~~is ofTheo ~~the~~Davis ~~FDIC’s~~Mann, ~~press~~28 ~~release~~Jackson ~~can~~Street, beP.O. ~~found~~Box 310, Newman, Georgia 30264-0310. The trustee was appointed on ~~the~~September ~~Internet~~2, ~~at http://www.fdic.gov/news/news/press/~~2009~~/pr09094.html.~~ Toand ~~date,~~will ~~except~~be asresponsible ~~described~~for the wind-up of the Company’s business.

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above,Table no other entity or newly chartered bank has been involved in the process of closing and unwinding Southern Community Bank. The management teams of the Company and Southern Community Bank have been working closely with the Georgia Department, the FDIC and United Community Bank to make the transition as smooth as possible for Southern Community Bank’s customers. Contents

~~In connection with the receivership of Southern Community Bank, both the Company and Southern~~SIGNATURES Community Bank expect to receive notices, from substantially all of the counterparties (including, without limitation, lenders) to the Company’s and/or Southern Community Bank’s material agreements, of alleged events of default under those agreements, and of those counterparties’ intentions to terminate those agreements or accelerate the Company’s and/or Southern Community Bank’s performance of those agreements. The Company and/or Southern Community Bank may dispute certain of those notices. However, in the event of a default by the Company and/or Southern Community Bank under one or more of those material agreements, or in the event of the termination of one or more of the material agreements, the Company’s and/or Southern Community Bank’s financial and other obligations under such agreements may be accelerated. The Company and/or Southern Community Bank may be subject to penalties under those agreements and also may suffer cross-default claims from counterparties under the Company’s and/or Southern Community Bank’s other agreements.

~~Item~~ Pursuant ~~2.04.~~to ~~Triggering~~the ~~Events~~requirements ~~That~~of ~~Accelerate~~the orSecurities ~~Increase~~Exchange aAct ~~Direct~~of ~~Financial~~1934, ~~Obligation~~the orregistrant anhas ~~Obligation~~duly caused ~~under~~this anreport ~~Off-Balance~~to ~~Sheet~~be ~~Arrangement~~signed on its behalf by the undersigned hereunto duly authorized.

Please refer to the disclosures set forth in Item 1.03 of this Report.


September 3, 2009	SOUTHERN COMMUNITY BANCSHARES, INC.
	By:	/s/ Richard Dumas
		Richard Dumas
		Chairman

~~Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.~~-3-

On June 23, 2009 David R. Coxon gave notice of his resignation from the board of directors of the Company and from his position as president and chief executive officer of the Company.

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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.

June 24, 2009	SOUTHERN COMMUNITY BANCSHARES, INC.
	By:	/s/ Richard Dumas
		Richard Dumas
		Chairman

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