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): July 722, 2005

COMMUNITY BANCSHARES, INC.

(Exact Name of Registrant as Specified in Charter)

Delaware

0-16461

63-0868361

(State or Other Jurisdiction

of Incorporation)

(Commission File Number)

(IRS Employer

Identification No.)

68149 Main Street, Blountsville, Alabama 35031

(Address of Principal Executive Offices, including Zip Code)

(205) 429-1000

(Registrant’s Telephone Number, including Area Code)

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 communication pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 52.02. ~~Departure~~Results of ~~Directors~~Operations orand ~~Principal~~Financial ~~Officers;~~Condition. ~~Election of Directors; Appointment of Principal Officers~~

On July 722, 2005, ~~Mr.~~Community ~~Philip~~Bancshares, JInc. ~~Timyan~~(the ~~was elected~~“Company”) asissued a ~~member~~press release (the “Press Release”) announcing its results of operations for the ~~Board~~second quarter of ~~Directors~~2005. ofPursuant ~~Community~~to ~~Bancshares,~~General ~~Inc.~~Instruction (F to Form 8-K, the ~~“Company”).~~Press ~~Mr.~~Release ~~Timyan~~is ~~will~~attached ~~serve~~hereto as aExhibit ~~Class~~99.1 Iand ~~director~~is ofincorporated ~~the~~into ~~Company~~this Item 2.02 by this reference. In accordance with ~~his~~general ~~initial~~instruction ~~term~~B.2 toof ~~expire~~Form at8-K, ~~the~~this ~~Company’s~~information ~~2006~~is ~~Annual~~being ~~Meeting~~“furnished” ~~of Stockholders.~~and ~~Mr.~~shall ~~Timyan~~not ~~was~~be ~~also~~deemed ~~appointed~~“filed” tofor ~~serve~~purposes asof aSection ~~member~~18 of the ~~Company’s~~Securities ~~Audit~~Exchange ~~Committee.~~Act of 1934 and otherwise.

~~Mr.~~Item ~~Timyan may be deemed to be the beneficial owner of 780,505 shares of the Company’s common stock, par value $0.10 per share (the “Common Stock”), representing approximately~~ 9.~~0% of the Company’s total outstanding shares of Common Stock as of July 12, 2005, by virtue of (i) Mr~~01. ~~Timyan~~Financial ~~serving~~Statements as the managing member of Riggs Qualified Partners, LLC (“Riggs”), which purchased 688,255 shares of the Company’s Common Stock in the Company’s private placement during the fourth quarter of 2003 and ~~the first quarter of 2004, and 500 shares in the secondary market in the second quarter of 2005, (ii) Mr~~Exhibits. ~~Timyan~~ possessing dispositive power over 59,250 shares of the Company’s Common Stock held by RAM T, L.P., an entity not controlled by Mr. Timyan, and (iii) Mr. Timyan possessing dispositive power over 32,500 shares of the Company’s Common Stock held by his father’s trust.

-(c) 2Exhibits. -


Exhibit No.		Description
99.1		Press Release, dated July 22, 2005, of Community Bancshares, Inc.

SIGNATURE

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 BANCSHARES, INC.

/s/ Patrick M. Frawley

Patrick M. Frawley

Chairman, Chief Executive Officer and

President

Date: July 1222, 2005

-INDEX 3TO -EXHIBITS


Exhibit No.		Description
99.1		Press Release, dated July 22, 2005, of Community Bancshares, Inc.

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