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Community Shores Bank to delay 10-K filing because of rights offering

Muskegon, Mich.-based CommunityShores Bank Corp. is putting off the filing of its Form 10-K due todelays caused by the timing of the closing of the company's rights offering.

According to a March 30 notification of late filing, the companysaid that the offering is a significant subsequent event requiring additional disclosuresto its Form 10-K and further audit procedures to be performed by the company's auditors.

The company also stated that it will file its Form 10-K withinthe allowed extension period provided by the Securities Exchange Act.