Item 8.01. Other Events

On December 5, 2008, Wake Forest Bancshares, Inc. (the "Company") filed a Form 15 with the Securities and Exchange Commission to voluntarily deregister its common stock under the Securities Exchange Act of 1934, as amended. The Company is eligible to deregister because it has fewer than 300 holders of its common stock.

Item 9.01 Financial Statements and Exhibits
(d) The following exhibit is furnished with this Report:

Exhibit No. Description
99.1 Press release dated December 5, 2008.

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