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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">UNITED STATES</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Washington, D.C. 20549</P>

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<P STYLE="font: normal 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">FORM 8-K</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">CURRENT REPORT</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Date of Report: July 25, 2012</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Southern Community Financial Corporation</P>

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    <TD STYLE="width: 33%; text-align: center">North Carolina</TD>
    <TD STYLE="width: 34%; text-align: center">000-33227</TD>
    <TD STYLE="width: 33%; text-align: center">56-2270620</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center">(State of incorporation)</TD>
    <TD STYLE="text-align: center">(Commission File Number)</TD>
    <TD STYLE="text-align: center">(I.R.S. Employer</TD></TR>
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    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">Identification No.)</TD></TR>
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    <TD STYLE="width: 62%; text-align: center">4605 Country Club Road, Winston-Salem, North Carolina</TD>
    <TD STYLE="width: 38%; text-align: center">27104</TD></TR>
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    <TD STYLE="text-align: center">(Address of principal executive offices)</TD>
    <TD STYLE="text-align: center">(Zip Code)</TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Issuer's telephone number: (336) 768-8500</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.2in 0pt 0">Check the appropriate box below if the Form 8-K filing
is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</P>

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    <TD STYLE="width: 3%"><FONT STYLE="font-family: Wingdings">&#168;</FONT></TD>
    <TD STYLE="width: 97%">Written communications pursuant to Rule&nbsp;425 under the Securities Act (17 CFR 230.425)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Wingdings">&#168;</FONT></TD>
    <TD>Soliciting material pursuant to Rule&nbsp;14a-12 under the Exchange Act (17 CFR 240.14a-12)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Wingdings">&#168;</FONT></TD>
    <TD>Pre-commencement communications pursuant to Rule&nbsp;14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
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    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Wingdings">&#168;</FONT></TD>
    <TD STYLE="text-align: justify">Pre-commencement communications pursuant to Rule&nbsp;13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">Item 5.02: Departure of Director or Principal Officers;
Appointment of Certain Officers</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On July 25, 2012, the Board of Directors
of Southern Community Financial Corporation appointed, subject to regulatory approval, James Hastings as interim President and
Chief Executive Officer of the Corporation. Mr. Hastings, age 60, has served as the Corporation&rsquo;s Chief Financial Officer
since 2008. Also on July 25, 2012, the Board gave notice to F. Scott Bauer, President and Chief Executive Officer and Jeffrey T.
Clark, First Executive Vice President, that their employment with the Corporation has been terminated effective September 22, 2012.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Southern Community Financial Corporation is headquartered in
Winston-Salem, North Carolina and is the holding company of Southern Community Bank and Trust, a community bank with twenty-two
banking offices throughout North Carolina.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Southern Community Financial Corporation&rsquo;s
common stock and trust preferred securities are listed on The Nasdaq Global Select Market under the trading symbols SCMF and SCMFO,
respectively. Additional information about Southern Community is available on its website at www.smallenoughtocare.com or by email
at <FONT STYLE="color: Blue"><U>investor.relations@smallenoughtocare.com</U></FONT>.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Item 9.01 Financial Statements and Exhibits.</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>(</B>d) Exhibits</P>

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    <TD STYLE="width: 11%; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center">Exhibit No.</TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 87%; border-bottom: windowtext 1pt solid; font-weight: bold">Description of Exhibit</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center">99.1</TD>
    <TD>&nbsp;</TD>
    <TD>Copy of joint press release dated July 26, 2012</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">Signatures</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Pursuant to the requirements of the Securities Exchange Act
of 1934, Southern Community Financial Corporation has duly caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 3in"><B>&nbsp;</B></P>

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    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold">Southern Community Financial Corporation</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-weight: bold; width: 55%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; width: 3%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; width: 42%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">Date:&nbsp; July 26, 2012</TD>
    <TD STYLE="font-style: italic; text-align: justify">By:</TD>
    <TD STYLE="text-align: justify; border-bottom: Black 1pt solid">&nbsp; /s/ James Hastings</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-style: italic; text-align: justify">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-style: italic; text-align: justify">Name: James Hastings</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: -0.5in; font-style: italic; text-align: justify">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: -0.5in; font-style: italic; text-align: justify">Title: Executive Vice President and Chief Financial Officer</TD></TR>
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[{"type": "8-K", "sequence": "1", "filename": "v319519_8k.htm", "description": "8-K", "secsgml_size_bytes": 13278}]
{"company-data": {"conformed-name": "SOUTHERN COMMUNITY FINANCIAL CORP", "cik": "0001159427", "assigned-sic": "6022", "irs-number": "562270620", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-33227", "film-number": "12985861"}, "business-address": {"street1": "4605 COUNTRY CLUB RD", "city": "WINSTON-SALEM", "state": "NC", "zip": "27104", "phone": "3367688500"}, "mail-address": {"street1": "4605 COUNTRY CLUB ROAD", "city": "WINSTON-SALEM", "state": "NC", "zip": "27103"}}
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: July 25, 2012
Southern Community Financial Corporation
North Carolina
000-33227
56-2270620
(State of incorporation)
(Commission File Number)
(I.R.S. Employer
Identification No.)
4605 Country Club Road, Winston-Salem, North Carolina
27104
(Address of principal executive offices)
(Zip Code)
Issuer's telephone number: (336) 768-8500
_________________________
Check the appropriate box below if the Form 8-K filing
is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
¨
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 5.02: Departure of Director or Principal Officers;
Appointment of Certain Officers
On July 25, 2012, the Board of Directors
of Southern Community Financial Corporation appointed, subject to regulatory approval, James Hastings as interim President and
Chief Executive Officer of the Corporation. Mr. Hastings, age 60, has served as the Corporation's Chief Financial Officer
since 2008. Also on July 25, 2012, the Board gave notice to F. Scott Bauer, President and Chief Executive Officer and Jeffrey T.
Clark, First Executive Vice President, that their employment with the Corporation has been terminated effective September 22, 2012.
Southern Community Financial Corporation is headquartered in
Winston-Salem, North Carolina and is the holding company of Southern Community Bank and Trust, a community bank with twenty-two
banking offices throughout North Carolina.
Southern Community Financial Corporation's
common stock and trust preferred securities are listed on The Nasdaq Global Select Market under the trading symbols SCMF and SCMFO,
respectively. Additional information about Southern Community is available on its website at www.smallenoughtocare.com or by email
at
investor.relations@smallenoughtocare.com
.
Item 9.01 Financial Statements and Exhibits.
(
d) Exhibits
Exhibit No.
Description of Exhibit
99.1
Copy of joint press release dated July 26, 2012
Signatures
Pursuant to the requirements of the Securities Exchange Act
of 1934, Southern Community Financial Corporation has duly caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized.
Southern Community Financial Corporation
Date:  July 26, 2012
By:
/s/ James Hastings
Name: James Hastings
Title: Executive Vice President and Chief Financial Officer