On September 17, 2008, Community Shores Bank Corporation (the "Company") entered into an Amendment to Loan Agreement (the "Amendment") with Fifth Third Bank ("Fifth Third"), that was dated September 16, 2008. The Amendment amended the terms of the Loan Agreement dated September 7, 2007 that had been in effect between the Company and Fifth Third (the "2007 Agreement"). The 2007 Agreement provided the Company with a $5 million line of credit that was scheduled to expire approximately one year after it was executed. The Amendment extended the $5 million line of credit through September 1, 2009.

In connection with the Amendment, and on the same date, the Company also entered into a new Revolving Credit Note payable to Fifth Third that replaced the note previously issued under the 2007 Agreement, and a Pledge Agreement with Fifth Third. The new Revolving Credit Note provides for interest to be payable quarterly until maturity at the rate of one percent above Fifth Third's prime rate. Prior to the Amendment, the interest rate had been one percent below Fifth Third's prime rate. The Pledge Agreement provides for the Company's pledge of all of the stock of its banking subsidiary, Community Shores Bank, to secure the repayment of the line of credit, and any other present or future obligations of the Company to Fifth Third.

The Company continues to use the proceeds from the line of credit primarily for general operating expenses of the Company and to contribute capital to its subsidiary, Community Shores Bank.

At any time after the occurrence of an event of default under the line of credit, Fifth Third may, among other options, declare any amounts outstanding under the line of credit due and payable, decline to make new loans to the Company, and exercise its remedies under the Pledge Agreement and other loan documents.

A copy of the Amendment, new Revolving Credit Note and Pledge Agreement are filed as Exhibit 10.1 to this report.

(d) Exhibits.

Exhibit
 Number                                 Description
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10.1      Amendment to Loan Agreement, Revolving Credit Note and Pledge
          Agreement between Community Shores Bank Corporation and Fifth Third
          Bank dated September 16, 2008.