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): ~~November~~January 2217, ~~2011~~2012

___________

CENTRAL VIRGINIA BANKSHARES, INC.

(Exact Name of Registrant as Specified in Its Charter)

Virginia (State or Other Jurisdiction of Incorporation)	000-24002 (Commission File Number)		54-1467806 (IRS Employer Identification No.)
2036 New Dorset Road, P. O. Box 39 Powhatan, Virginia (Address of Principal Executive Offices)		23139 (Zip Code)

Registrant’s telephone number, including area code: (804) 403-2000

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:

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 (~~17CFR~~17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (~~17CFR~~17 CFR 240.13e-4(c))

Item 35.0102 ~~Notice~~Departure of ~~Delisting~~Directors or ~~Failure~~Certain toOfficers; ~~Satisfy~~Election aof ~~Continued~~Directors; ~~Listing~~Appointment ~~Rule~~of orCertain ~~Standard~~Officers; ~~Transfer~~Compensatory Arrangements of ~~Listing~~Certain Officers.

On ~~November~~January 2217, ~~2011~~2012, ~~Central~~Mr. ~~Virginia~~John ~~Bankshares, Inc~~B. ~~(the~~Larus ~~“Company”)~~announced ~~received~~his aretirement ~~notice~~ from the ~~Nasdaq~~Board ~~Stock~~of ~~Market~~Directors ~~that~~of itCentral ~~currently~~Virginia isBankshares, ~~not~~Inc. inand ~~compliance~~of ~~with~~Central ~~Nasdaq’s~~Virginia ~~Marketplace Rule 5550(a)(2)~~Bank, ~~which~~effective ~~requires~~January ~~the~~17, ~~Company’s common stock to maintain a minimum bid price of $1~~2012.~~00 per share.~~

~~In accordance with Marketplace Rule 5810(c)(3)(~~A), ~~the~~press ~~Company~~release isannouncing ~~provided a grace period of 180 calendar days, or until May 21, 2012, in which to regain compliance with the minimum bid price rule~~Mr. If ~~at anytime during the grace period the closing price of the Company~~Larus’s ~~common~~retirement ~~stock~~ is atbeing ~~least~~filed ~~$1.00~~as ~~for~~Exhibit ~~a minimum of ten consecutive business days, the Company will have complied with the rule and the matter will be closed~~99.1 Ifto ~~compliance~~this ~~with~~Current ~~the~~Report ~~rule~~on ~~cannot~~Form ~~be demonstrated by May 21, 2012, Nasdaq may grant the Company an additional 180~~8-~~day~~K ~~grace period if the Company meets all other listing standards for the Nasdaq Capital Market~~ and ~~provides written notice of its intention to cure the deficiency during the second compliance period. If the Company~~ is ~~not~~incorporated ~~eligible~~by ~~for~~reference ~~the~~into ~~additional~~this ~~grace~~Item period, or if it appears to the Nasdaq staff that the Company will not be able to cure the deficient during the additional grace period, Nasdaq will provide the Company written notification that the Company’s common stock will be delisted, at which time the Company may appeal the determination5.02.

~~The~~Item ~~Company~~9.01 ~~intends~~Financial toStatements ~~actively monitor the bid price for its common stock between now~~ and ~~May 21, 2012, and will consider available options to regain compliance with the minimum bid price requirement~~Exhibits.

(d)	Exhibit.

	The following exhibit 99.1 is being filed pursuant to Item 5.02 above.

	Exhibit No.	Description

	99.1	Press Release dated January 18, 2012

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.

	CENTRAL VIRGINIA BANKSHARES, INC.	~~CENTRAL VIRGINIA BANKSHARES, INC.~~
	(Registrant)	~~(Registrant)~~
Date: November 23, 2011		By:	/s/ Robert B. Eastep
Date: January 18, 2012	By:	/s/ Robert B. Eastep
		Robert B. Eastep	~~Robert B. Eastep~~
			Senior Vice President and Chief Financial Officer
		Senior Vice President and
		Chief Financial Officer

EXHIBIT INDEX

Exhibit	Description

99.1	Press Release dated January 18, 2012

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