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): April 24, 2008
FSB Community Bankshares, Inc.
(Exact name of registrant as specified in its charter)
United States 000-52751 74-3164710
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(State or other jurisdiction (Commission File No.) (IRS Employer
of incorporation) Identification No.)
45 South Main Street, Fairport, New York 14450
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (585) 223-9080
Not Applicable
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(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 (see General Instruction A.2. below):
[ ] 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 CRF 240.13e-4(c))
Item 8.01. Other Events.
On April 24, 2008, Fairport Savings Bank (the "Bank"), the wholly owned
subsidiary of FSB Community Bankshares, Inc., entered into a lease agreement
with Webster Ridge, LLC, a New York limited liability company, with the
intention to open a new banking branch in July 2009. The branch will be located
in Webster Crossings Shopping Center at 1067 Ridge Road and Webster Commons
Boulevard, Town of Webster, New York. Under the terms of the lease agreement,
the Bank will lease an area containing approximately 2,500 square feet with a
drive-through lane and ATM within a retail building. The initial term of the
lease will commence on July 1, 2009 for 20 years with the annual base rent of
$67,500 for the first five years, increasing by 10% in the sixth through tenth
year, an additional 10% increase for the eleventh through fifteenth year, and an
additional 10% increase for the remaining term. The Bank has the option of
extending the lease thereafter for four consecutive terms of five years each
with rent increases of 10% for each five year renewal period.
Item 9.01. Financial Statements and Exhibits.
(a) Financial Statements of Businesses Acquired. Not Applicable.
(b) Pro Forma Financial Information. Not Applicable.
(c) Shell Company Transactions. Not Applicable.
(d) Exhibits. Not Applicable.
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.
FSB COMMUNITY BANKSHARES, INC.
DATE: April 28, 2008 By:/s/ Kevin D. Maroney
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Kevin D. Maroney
Chief Financial Officer