UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

~~FORM~~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) ~~October~~March 276, ~~2006~~2008

AMERICAN COMMUNITY BANCSHARES, INC.

(Exact name of Registrant as specified in its charter)

NORTH CAROLINA

000-30517

56-2179531

(State or other jurisdiction

of incorporation)

(Commission File No.)

(IRS Employer

Identification number)

4500 CAMERON VALLEY PARKWAY, SUITE 150, CHARLOTTE, NC 28211

(Address of principal executive offices)

Registrant’s telephone number, including area code (704) 225-8444

Not ~~Applicable~~applicable

(Former name or former address, ofif ~~principal~~changed ~~executive~~since ~~offices~~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 2 5.02 ~~RESULTS~~DEPARTURE OF ~~OPERATIONS~~DIRECTORS ~~AND~~OR ~~FINANCIAL~~CERTAIN ~~CONDITION~~OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS

~~On October 27, 2006, American Community Bancshares, Inc.~~ (~~the “Registrant”~~c) announced financial results for the third quarter ended September 30, 2006. For the third quarter, the Registrant reported unaudited earnings of $611,000 or earnings per share (diluted) of $0.09. A copy of the press release announcing the Registrant’s results for the third quarter ended September 30, 2006, including a table of selected financial information, is attached hereto as Exhibit 99.1 and incorporated by reference herein.

~~The~~In ~~information~~a ~~contained in,~~press orrelease ~~incorporated~~dated byMarch 6, ~~reference into~~2008, ~~this~~American Community ~~Item 2~~Bancshares, Inc.02, ofCharlotte, ~~this~~North ~~Current~~Carolina ~~Report~~(the ~~shall not be deemed~~ “~~filed~~Registrant”), ~~for~~announced ~~purposes~~Mark ofDeMarcus, ~~Section 18~~43, ofhad ~~the~~been ~~Securities~~appointed ~~Exchange~~to ~~Act~~serve ~~of 1934,~~ as ~~amended (~~the ~~“Exchange~~Chief ~~Act”),~~Banking ~~or incorporated~~Officer byof ~~reference~~American inCommunity ~~any~~Bank, ~~filing~~Monroe, ~~under~~North Carolina, the ~~Securities~~Registrant’s wholly ~~Act~~owned ~~of 1933~~subsidiary, asand ~~amended,~~had orjoined the ~~Exchange~~bank’s ~~Act,~~executive ~~except~~management asteam. ~~shall~~Mr. DeMarcus bewas ~~expressly~~appointed ~~set~~to ~~forth~~serve byas ~~specific~~the ~~reference~~bank’s inChief ~~such~~Banking aOfficer ~~filing~~on March 4, 2008.

~~ITEM 8~~For the past twenty years, Mr.01 DeMarcus ~~OTHER~~was ~~EVENTS~~employed with Wachovia Corporation, most recently serving as Senior Vice President and Retail Banking Executive for North Carolina, South Carolina and Virginia.

OnAmerican ~~October 27,~~Community ~~2006,~~Bank ~~the~~has ~~Registrant~~agreed ~~announced~~to ~~that~~pay ~~its~~Mr. DeMarcus ~~Board~~an ofannual ~~Directors~~salary ~~approved a cash dividend~~ of $~~0.05~~175,000 ~~per~~along ~~share~~with toother benefits begenerally ~~paid~~provided onby ~~December 1,~~the ~~2006~~bank to ~~shareholders~~its ofemployees. ~~record~~The onbank ~~November 24,~~has ~~2006.~~also Aagreed ~~copy~~to ofprovide ~~the~~Mr. DeMarcus ~~press~~a ~~release~~change ~~announcing~~in ~~the~~control ~~cash~~agreement. ~~dividend~~That isagreement ~~attached~~has ~~hereto~~not asbeen ~~Exhibit~~finalized ~~99.2~~at ~~and~~the ~~incorporated~~time ~~herein~~of ~~by reference~~this filing.

~~ITEM~~Mr. 9DeMarcus is not related to any director or executive officer of the Registrant or its wholly owned subsidiary, and Mr.01 DeMarcus ~~FINANCIAL~~has ~~STATEMENTS~~not ~~AND~~entered ~~EXHIBITS~~into any transaction with the Registrant or its wholly owned subsidiary in an amount exceeding $120,000, and there is no such transaction currently proposed.

~~Exhibits~~ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.

Exhibit No.		Description of Exhibit
99.1		Press release dated October 27, 2006 regarding the Registrant’s results of operations for the third quarter ended September 30, 2006
99.2		Press release dated October 27, 2006 regarding declaration of cash dividend

(d)

Exhibits


Exhibit No.		Description of Exhibit
99.1		Press Release dated March 6, 2008 (officer appointment)

This Current Report on Form 8-K (including information included or incorporated by reference herein) may contain, among other things, certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, without limitation, (i) statements regarding certain of Registrant’s goals and expectations with respect to earnings, income per share, revenue, expenses and the growth rate in such items, as well as other measures of economic performance, including statements relating to estimates of credit quality trends, and (ii) statements preceded by, followed by or that include the words “may,” “could,” “should,” “would,” “believe,” “anticipate,” “estimate,” “expect,” “intend,” “plan,” “projects,” “outlook” or similar expressions. These statements are based upon the current belief and expectations of Registrant’s management and are subject to significant risks and uncertainties that are subject to change based on various factors (many of which are beyond Registrant’s control).

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.


AMERICAN COMMUNITY BANCSHARES, INC.

By:		/s/ Randy P. Helton
		Randy P. Helton
		President and CEO

Dated: ~~October~~March 3010, ~~2006~~2008

EXHIBIT INDEX

Exhibit No.		Description of Exhibit
ExhibitNumber		Description of Exhibit
99.1		Press ~~release~~Release dated ~~October~~March 276, ~~2006~~2008 ~~regarding~~(officer ~~Registrant’s results of operations for the third quarter ended September 30, 2006~~appointment)
99.2		Press release dated October 27, 2006 regarding declaration of cash dividend

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