8-K

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 8-K

Current Report

Pursuant to Section 13 or 15(d) of the

Securities and Exchange Act of 1934

Date of Report: February 25, 2008

Citizens South Banking Corporation

(Exact Name of Registrant as Specified in Charter)

Delaware	0-23971	54-2069979
State or other jurisdiction of incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)

519 South New Hope Road, Gastonia, North Carolina	28054-4040
(Address of Principal Executive Offices)	(Zip Code)

Registrant's telephone number, including area code:704-868-5200

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(c) On February 25, 2008, the Board of Directors of Citizens South Bank appointed Executive Vice President Daniel M. Boyd, IV as Chief Operating Officer of the Bank. Mr. Boyd is 46 years old and has served as Executive Vice President of Citizens South Bank since September 2002. Prior to being appointed Chief Operating Officer, Mr. Boyd served as Group President for Commercial Banking. Mr. Boyd has no transactions that would be disclosed under item 404(a) of SEC Regulation S-K. Mr. Boyd is a party to a Change of Control Agreement, Salary Continuation Agreement, and Split Dollar Agreement with the Bank as described in the Company’s proxy statement for its 2007 Annual Meeting of Stockholders filed with the SEC on April 20, 2007.

Also, on February 25, 2008, the Board of Directors also appointed Senior Vice President Ira M. (Don) Flowe, Jr. as Commercial Banking Group Manager and Senior Vice President Patricia T. Kahle as Retail Banking Group Manager. The text of the press release is included as Exhibit 99.1 to this report.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits

99.1 Press release dated Fevruary 27, 2008

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.

	CITIZENS SOUTH BANKING CORPORATION
DATE: February 29, 2008	By:	/s/ Kim S. Price
		Kim S. Price President and Chief Executive Officer

By:	/s/ Gary F. Hoskins
	Gary F. Hoskins Chief Financial Officer

EXHIBIT INDEX

99.1 Press release dated February 27, 2008

EX-99.1

FOR IMMEDIATE RELEASE

CONTACT:	Kim S. Price
	President and CEO
	704-868-5200

CITIZENS SOUTH BANK

ANNOUCES CORPORATE RESTRUCTURE,

NAMES DAN BOYD CHIEF OPERATING OFFICER

GASTONIA— February 27, 2008 - Citizens South Bank has announced a restructuring of its corporate management, including the naming of Executive Vice President Daniel M. Boyd, IV as Chief Operating Officer (COO), according to President and CEO Kim S. Price.

As COO, Mr. Boyd, who previously served as Group President for Commercial Banking, will now be responsible for both the commercial and retail functions of the Bank. That includes the bank’s Mortgage Banking unit and investment services division, Citizens South Financial Services, Inc.

The Commercial Banking Group will now be managed by Senior Vice President Ira M. (Don) Flowe, Jr., who has been serving as a Commercial Banking Manager and Area Executive, working at the bank’s Cornelius Loan Production Office. He will now work out of the bank’s Gastonia corporate headquarters.

Senior Vice President Patricia T. Kahle, based in Monroe, will manage the Retail Banking Group, including responsibility for the bank’s branch network along with its operations and security.

Senior Vice President and Gastonia Area Executive W. Gordon Quarles, Jr. has been named Gaston County Market Executive, giving him responsibility for all commercial and business bankers and loan processors in the Gaston market area.

The roles and responsibilities of others within bank management have also been realigned to support the new organizational structure.

“I am proud and excited for each of our teammates who have agreed to take on new or additional responsibilities,” said President Price. “They have each demonstrated exceptional leadership abilities. This new organizational structure will enable us to leverage those abilities to drive revenue growth while increasing our operating efficiency.”

Boyd joined Citizens South as Executive Vice President in 2002 as Group President for Gaston/York County, coming from First Gaston Bank. He had previously been with Wachovia Bank, beginning his banking career there in 1984. Mr. Boyd currently serves on the Gaston Day School Board of Trustees and the Board of Directors of the Gaston Regional Chamber of Commerce. He serves as a Deacon at Gastonia’s First Presbyterian Church and has been active with the United Way of Gaston County and the Schiele Museum of Natural History.

Mr. Flowe came to Citizens South from SouthTrust Bank in 2004 and has 14 years of experience in the banking industry.

Ms. Kahle joined Citizens South as a result of its 2005 acquisition of Monroe-based Trinity Bank. Her background also includes 20 years of banking experience. She currently serves on the boards of United Way of Union County, the Union County Chamber of Commerce, Union Smart Start and Job Ready of Union County.

Mr. Quarles joined Citizens South from First Gaston Bank in 2002 and has been in banking for 20 years. He chairs the local Salvation Army Advisory Board and has long been active with Cornerstone Christian Ministry and with the Boy Scouts of America at both the local and regional level.

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