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~~August 261, 2012

PIONEER BANKSHARES, INC.

(Exact name of registrant as specified in its charter)

Virginia

0-30541

54-1278721

(State or other jurisdiction of

incorporation or organization)

(Commission

File Number)

(I.R.S. Employer

Identification No.)

263 East Main Street

P.O. Box 10

Stanley, Virginia 22851

(Address of principal executive offices, including zip code)

Registrant’s telephone number, including area code: (540) 778-2294

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 28.0201 ~~Results~~Other ~~of Operations and Financial Condition~~Events.

On ~~July~~ August 261, 2012, Pioneer Bankshares, Inc. ~~issued~~(the a“Company”) ~~press~~executed ~~release~~two ~~regarding~~stock ~~its~~purchase ~~results~~transactions relating to the repurchase of ~~operations~~the ~~and~~Company’s ~~financial~~common ~~condition~~stock. ~~for~~One ~~the~~transaction ~~second~~was ~~quarter~~entered ofinto ~~2012~~with Mr. Richard T. ~~The~~Spurzem with ~~entire~~respect ~~text~~to 1,000 shares of the ~~press~~Company’s ~~release~~common ~~and~~stock at a per share purchase price of $19.95; the second transaction was entered into with Sandbox, LLC, a company affiliated with Mr. Spurzem, with respect to 400 shares at a per share ~~additional~~purchase ~~financial~~price ~~highlights~~of $19.95. The aggregate purchase price for these stock repurchase transactions was $27,930. These transactions were executed pursuant to previously disclosed Stock Purchase Agreements, as reported on Form 8-K and filed with the Securities ~~period~~and ~~ending~~Exchange ~~June~~Commission on July 302, 2012. These stock repurchases are ~~included~~considered into ~~Exhibit~~be ~~99.1~~the final transactions as authorized under the terms of ~~this~~the ~~report~~stock purchase agreements previously referenced.

~~Item~~It ~~9.01.~~is ~~Financial~~the ~~Statements~~Company’s ~~and~~intent ~~Exhibits~~to retire all such shares obtained in conjunction with these repurchase transactions.

Exhibit 99.1 Pioneer Bankshares, Inc. press release dated July 26, 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.


PIONEER BANKSHARES, INC.

By:		/s/ THOMAS R. ROSAZZA
		Thomas R. Rosazza
		President and Chief Executive Officer

By:		/s/ LORI G. HASSETT
		Lori G. Hassett
		Vice President and Chief Financial Officer

~~July~~August 262, 2012

EXHIBIT INDEX

Exhibit 99.1 Pioneer Bankshares, Inc. press release dated July 26, 2012.

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