UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C. 20549

                                ----------------

                                    FORM 8-K

                                 CURRENT REPORT
                     PURSUANT TO SECTION 13 OR 15(d) OF THE
                        SECURITIES EXCHANGE ACT OF 1934


               Date of Report (Date of earliest event reported):
                        April 16, 2004 (April 15, 2004)


                           COMMUNITY BANCSHARES, INC.
                           --------------------------
               (Exact Name of Registrant as Specified in Charter)




      Delaware                      0-16461                     63-0868361
  ---------------               ---------------             ------------------
  (State or Other                 (Commission                 (IRS Employer
  Jurisdiction of                 File Number)              Identification No.)
  Incorporation)

                 68149 Main Street, Blountsville, Alabama 35031
                 ----------------------------------------------
          (Address of Principal Executive Offices, including Zip Code)

                                 (205) 429-1000
                       ---------------------------------
              (Registrant's Telephone Number, including Area Code)






ITEM 5.  OTHER EVENTS AND REQUIRED FD DISCLOSURE.

         On April 15, 2004, Community Bancshares, Inc. (the "Company") issued a
press release (the "Press Release") announcing its 2003 consolidated financial
results. Pursuant to General Instruction F to Form 8-K, the Press Release is
attached hereto as Exhibit 99.1 and is incorporated into this Item 5 by
reference.

ITEM 7.  FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION, AND EXHIBITS.

         (c)      Exhibits.

                  The following exhibit is filed herewith:

 EXHIBIT NO.                     DESCRIPTION

   99.1       Press Release, dated April 15, 2004, of Community Bancshares, Inc.


                                      -2-




                                   SIGNATURE

         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.


                                        COMMUNITY BANCSHARES, INC.

                                        /s/ PATRICK M. FRAWLEY
                                        ---------------------------------
                                        Patrick M. Frawley
                                        Chairman, Chief Executive Officer and
                                        President

Date:  April 16, 2004


                                      -3-



                               INDEX TO EXHIBITS



EXHIBIT NO.                         DESCRIPTION
-----------                         -----------

           
   99.1       Press Release, dated April 15, 2004, of Community Bancshares, Inc.