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: ­May 27, 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 Offices)	(Zip Code)

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

Item 7.01.     Regulation FD Disclosure

On May 27, 2011, Citizens South Banking Corporation intends to present to interested investors and analysts written investor presentation material, which includes, among other things, a review of financial results and trends through the period ended March 31, 2011.

The information provided pursuant hereto shall not be deemed incorporated by reference by any general statement incorporating by reference the Form 8-K into any filing under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended, and shall not otherwise be deemed filed under such Acts.

Item 9.01.     Exhibits

99 Additional Exhibits:

(a)           Text of written investor presentation material that Citizens South Banking Corporation intends to make available to interested investors and analysts on May 27, 2011, at the Howe Barnes Hoefer & Arnett office in Chicago, IL.

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:  May 27, 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

EX-99

Citizens South
Banking Corporation

Howe Barnes Hoefer & Arnett

Chicago, IL

May 27, 2011

NASDAQ: CSBC

Forward Looking Statements

Statements contained in this presentation, which are not historical facts, are
forward looking statements.The Company’s senior management or directors may
from time to time make public forward looking statements concerning matters
herein.Such forward looking statements are estimates reflecting the best judgment
of senior management or the directors based on current information. A number of
factors that could affect the accuracy of such forward looking statements are
identified in the public filings made by the Company with the Securities and
Exchange Commission on Forms 10-Q and 10-K.The Company undertakes no
obligation to publicly revise any forward looking statements to reflect events and
circumstances that may arise after the date hereof. There can be no assurance the
such factors will not affect the accuracy of such forward looking statements.

Overview of Presentation

•     Corporate Profile

•     Financial Performance Trends

•     Asset Quality Trends

•     Experienced Management Team

•     Market Data

•     FDIC- Assisted Acquisitions

•     Long-Term Objectives

•     Future Opportunities

Corporate Profile

•Founded in 1904

•Converted from a Mutual in 1998

•Four acquisitions since 2001

•Two FDIC-assisted transactions

•Twenty-one offices in NC, SC, and GA

•Assets exceeding $1.1 billion

Financial Performance Trends

Non-Covered Loan Portfolio
Composition (000’s)

Deposit Composition (000’s)

Asset Quality Trends

Experienced Management Team

Name and Experience

Prior Service

Education

Citizens South Headquarters

Citizens South Bank Locations

Market Area-2011

Bank of Hiawassee Locations

Charlotte Market Data

•     Eight Fortune 500 companies are headquartered in Charlotte.(1)

•      Housing prices in the market have stabilized.(2)

•      Increasing business diversification is a source of strength.

•NASCAR

•Energy

•Technology

(1)Charlotte Chamber of Commerce

(2)Case-Shiller home-price index, February 2011

Deposit Market Share (06/30/2010)

Deposit Data Source:SNL Financial and FDIC Deposit Market Share Report of 06/30/2010.
*Includes deposit market share data for New Horizons Bank’s county of operation as of 06/30/2010.

NC/SC Counties with a CSB Office

2010 Deposit Share

(in thousands)

GA Counties with a CSB Office

2010 Deposit Share*

(in thousands)

Bank of Hiawassee Acquisition

     •     Acquisition date - March 19, 2010

     •     Over 100 years old

     •     $286 million in assets:

           •     Approximately $230 million in loans

           •     Approximately $291 million in deposits

     •     Loss sharing agreement with FDIC covers all acquired
             loans, and reimburses 80% of losses

     •     Located in Northeast Georgia

     •     Four full-service locations

New Horizons Bank Acquisition

     •     Acquisition Date: April 15, 2011

     •     $107.6 million in assets:

     •     Approximately $76.1 million in loans

     •     Approximately $101.9 million in deposits

     •     Loss sharing agreement with FDIC covers
             substantially all acquired loans, and reimburses 80%
             of future losses

     •     Located in Northeast Georgia

     •     One full-service location

Long-Term Objectives

•     Broadened Geographic Footprint (Western NC and
      Upstate SC)

•     FDIC-assisted Transactions

•     Traditional Acquisitions

•     More Disciplined Operating Model

      •     Relationships vs. Transactions

•     Improved Pricing (Loans and Deposits)

•     Management Team - Depth & Breadth

Future Opportunities

•     Consolidated Industry

•     Challenges Present Opportunities

•     Regulatory Reform

•     TARP

•     Higher Capital Requirements

•     Charter Choice

Contact Information

Citizens South Banking Corporation

Nasdaq: CSBC

519 South New Hope Road

Gastonia, NC 28054

For More Information Contact

Kim S. Price

President and Chief Executive Officer

Citizens South Banking Corporation

(704) 884-2260