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 23, 2011

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 Office)	(Zip Code)

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

Item 8.01      Other Events

On February 23, 2011, Citizens South Bank, the wholly-owned subsidiary of Citizens South Banking Corporation, issued a press release to announce that it had hired Frank W. Ix as its Chief Credit Officer.  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 Announcing New Chief Credit Officer

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 23, 2011 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

99.1Press Release Announcing New Chief Credit Officer

EX-99

Exhibit 99.1

February 23, 2011

FOR IMMEDIATE RELEASE

Contact:                                                                           

Kim S. Price, President & CEO

(704) 884-2260

kim.price@citizenssouth.com

Frank W. Ix Named Chief Credit Officer

For Citizens South Bank

GASTONIA, NC. (February 23, 2011) – Frank W. Ix, a member of the Charlotte banking community for more than 30 years, has been named chief credit officer for Citizens South Bank, a wholly-owned subsidiary of Citizens South Banking Corporation (Nasdaq: CSBC). In his new role, Ix will be based with Citizens South’s offices in Charlotte where he will also work with the team serving the bank’s Charlotte-Mecklenburg customers.

“Frank will fill a dual role for our bank, providing strategic management of lending policies and credit risk, while also helping us serve and expand our client base in the Charlotte region,” said Kim S. Price, president and CEO for Citizens South. “Frank has an ideal background for this position given his senior management experience for many years in the Charlotte market.”

During his career, Ix has served as a senior loan officer for Bank of Mecklenburg, senior credit officer for RBC Bank and chief credit officer and chief operating officer with Park Sterling Bank. He earned a Bachelor of Science degree in economics from Boston College and Master of Business Administration degree from the University of Virginia.

About Citizens South Bank

Founded in 1904, Citizens South Bank operates 21 offices in Gaston, Union, Iredell, Mecklenburg and Rowan counties in North Carolina, York County in South Carolina and in northern Georgia. Citizens South has been awarded the 5-Star Superior rating for financial strength by BauerFinancial, Inc. for 33 consecutive quarters. The bank’s total assets as of December 31, 2010 were $1.06 billion. Our website is www.citizenssouth.com.

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