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 1, 2002

                           Community Bankshares, Inc.
             (Exact name of registrant as specified in its charter)


        South Carolina                  000-22054             57-0966962
(State or other jurisdiction of        (Commission         (I.R.S. Employer
incorporation or organization)        File Number)       Identification No.)


             791 Broughton Street, Orangeburg, South Carolina 29116
              (Address of principal executive offices and zip code)

Registrant's telephone number, including area code (803) 535-1060

                                       N/A

         (Former name or former address, if changed since last report.)







Item 2.   Acquisition or Disposition of Assets.

(a)  Effective  July  1,  2002,  Community  Bankshares,  Inc.  ("CBI")  acquired
Ridgeway  Bancshares,  Inc.  ("Ridgeway")  pursuant to an Agreement  and Plan of
Merger,  dated as of  November  20,  2001.  Ridgeway is a bank  holding  company
organized under the laws of South Carolina with its principal  executive  office
in Ridgeway,  South  Carolina.  Ridgeway  operates  principally  through Bank of
Ridgeway,  a South Carolina state chartered bank with three offices in Fairfield
and Richland Counties.

     Pursuant to the merger, each outstanding share of Ridgeway common stock has
been  converted  into the right to acquire  25 shares of CBI  common  stock plus
$100.00 cash, subject to the right of Ridgeway  shareholders to make an election
to  receive  more or less  stock  or  cash.  The cash  will be paid  from  CBI's
available funds.

(b)  Not applicable.

Item 7.  Financial Statements and Exhibits

(a)  Financial Statements of Business Acquired.

     The financial  statements  required by this item will be filed by amendment
to this Form 8-K within sixty days after July 16, 2002.

(b)  Pro forma financial information.

     The pro forma financial  information required by this item will be filed by
amendment to this Form 8-K within sixty days after July 16, 2002.

(c)  Exhibits:

     Exhibit No.
     from Item
     601 of Reg. S-K     Description
     ---------------     -----------

          2             Agreement   and  Plan  of   Merger   between   Community
                        Bankshares,   Inc.   and   Ridgeway   Bancshares,   Inc.
                        (incorporated  by reference to Exhibit 2 to Registration
                        Statement on Form S-4, File No. 333-81900)



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                                   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.


                                           COMMUNITY BANKSHARES, INC.
                                           -------------------------------------
                                                   (Registrant)


                                                William W. Traynham
Date: July 15, 2002                         By:---------------------------------
                                                William W. Traynham
                                                President
















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                                  EXHIBIT INDEX

     Exhibit No.
     from Item
     601 of Reg. S-K     Description
     ---------------     -----------

         2              Agreement   and  Plan   of  Merger   between   Community
                        Bankshares,   Inc.   and   Ridgeway   Bancshares,   Inc.
                        (incorporated  by reference to Exhibit 2 to Registration
                        Statement on Form S-4, File No. 333-81900)























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