Item 8.01 Other Events.

On December 19, 2008, Central Virginia Bankshares, Inc. (the "Company") filed with the Securities and Exchange Commission (the "SEC") a definitive proxy statement, dated December 19, 2008 (the "Proxy Statement"), to be furnished to shareholders in connection with the solicitation of proxies by the Board of Directors of the Company (the "Board") to vote at the Special Meeting of Shareholders (the "Special Meeting") to be held on Thursday, January 22, 2009.

At the Special Meeting, the shareholders of the Company will consider and vote upon the adoption of a proposed amendment and restatement of the Company's Articles of Incorporation to authorize the issuance of up to 1,000,000 shares of preferred stock. In the Proxy Statement, the Company notes that the authorization to issue preferred stock will enable the Company to participate in the Capital Purchase Program (the "Capital Purchase Program") established by the United States Treasury pursuant to the Emergency Economic Stabilization Act of 2008. On December 4, 2008, the Company received preliminary approval to participate in the Capital Purchase Program in the amount of $11,385,000, subject to subject to closing conditions, including obtaining shareholder approval to authorize the preferred stock.

On January 20, 2009, the Board passed a resolution that it will not authorize the issuance of any "blank check" preferred stock for defensive or anti-takeover purposes or the implementation of a shareholders rights plan or with features intended specifically to make any attempted acquisition of the Company more difficult or costly.

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