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<p align=center>UNITED STATES<br>
SECURITIES AND
EXCHANGE COMMISSION<br>
Washington, D.C.
20549</p>

<p align=center>&nbsp;</p>

<p align="center"><b>FORM 8-K</b></p>

<p align=center>&nbsp;</p>

<p align="center"><b>CURRENT REPORT</b></p>

<p align=center>Pursuant to Section
13 or 15(d) of<br>
the Securities
Exchange Act of 1934</p>

<p align=center>Date of Report&nbsp; (Earliest Event Reported)&nbsp; <u>December 31, 2002 (December 19, 2002)</u></p>

<p align="center"><u><b>Citizens Bancshares Corporation<br>
</b></u>(Exact Name of
Registrant as<br>
Specified in its
Charter)</p>

<div align="center">
  <center>
  <table border="0" cellpadding="0" cellspacing="0" style="border-collapse: collapse" bordercolor="#111111" width="700" id="AutoNumber1">
    <tr>
      <td width="286" align="center"> <u>Georgia</u></td>
      <td width="242" align="center"> <u>333-38509</u>&nbsp;&nbsp;</td>
      <td width="233" align="center"> <u>58-1631302</u></td>
    </tr>
    <tr>
      <td width="286" valign="top" align="center">(State or other jurisdiction&nbsp;<br>
      of Incorporation)</td>
      <td width="242" valign="top" align="center">(Commission&nbsp;&nbsp;File Number)&nbsp;</td>
      <td width="233" valign="top" align="center">&nbsp;(IRS Employer<br>
      Identification Number)</td>
    </tr>
  </table>
  </center>
</div>

<p align="center"><u><b>75 Piedmont Avenue, NE, Atlanta, Georgia 30302<br>
</b></u>(Address of principal
executive offices)</p>

<p align=center><b><u>(404) 659-5959<br>
</u></b>(Registrant's
Telephone Number)</p>

<p align=center>(Former name or
former address, if changed since last report)</p>
<hr color="#000080"><p style="page-break-after: always"></p>
&nbsp;<p><b>Item 5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Events</b></p>



<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; On
May&nbsp;30, 2002, Citizens Bancshares Corporation (&quot;Citizens&quot;) and its
wholly-owned subsidiary, Citizens Trust Bank, entered into an agreement with
CFS Bancshares, Inc. (&quot;CFSB&quot;) and its wholly-owned subsidiary, Citizens Federal
Savings Bank (&quot;Citizens Federal&quot;) (both located in Birmingham, Alabama), providing
for Citizens' acquisition of CFSB.&nbsp; CFSB
will be merged into Citizens and Citizens Federal will be merged into Citizens
Trust Bank.&nbsp; Under the terms of the
Agreement, CFSB shareholders will receive cash in the amount of $64.62 in
exchange for each share of CFSB common stock.&nbsp;
If the consummation of the merger is after August&nbsp;31, 2002, the per
share merger consideration price will increase by $0.07 per share each month
through December 2002.</p>



<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; On December
19, 2002, the parties entered into an amendment to the agreement extending the
time for consummating the merger from December&nbsp;31, 2002 until
February&nbsp;28, 2003, and again increasing the per share merger consideration
by $0.07 per share for each month through February 2003. </p>



<p><b>Item 7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financial
Statements, Pro Forma Financial Information and Exhibits</b></p>



<p>(c)&nbsp; Exhibits.</p>



<blockquote>



<p>99.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Amendment, dated December&nbsp;19, 2002,
to Agreement and Plan of Merger by and among Citizens Bancshares Corporation,
Citizens Trust Bank, CFS Bancshares, Inc. and Citizens Federal Savings Bank
dated May 30, 2002. </p>

</blockquote>
&nbsp;<hr color="#000080"><p style="page-break-after: always"></p>
<p>&nbsp;</p>


<p align=center><b>Signature</b></p>











<p align=center>&nbsp;</p>











<p align=center>&nbsp;</p>











<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pursuant to
the requirements of the Securities Exchange Act of 1934, as amended, Registrant
has caused this report to be signed on its behalf by the undersigned hereunto
duly authorized. </p>



<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</p>







<div align="right">
  <table border="0" cellpadding="0" cellspacing="0" style="border-collapse: collapse" bordercolor="#111111" width="450" id="AutoNumber2">
    <tr>
      <td>CITIZENS
BANCSHARES CORPORATION </td>
    </tr>
    <tr>
      <td>&nbsp; </td>
    </tr>
    <tr>
      <td>&nbsp; </td>
    </tr>
    <tr>
      <td>By:<u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; /s/ James E. Young&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </u>
      </td>
    </tr>
    <tr>
      <td>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; James
E. Young</td>
    </tr>
    <tr>
      <td>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; President</td>
    </tr>
  </table>
</div>



<p>Dated: <u>December 31, 2002</u></p>











&nbsp;</body></html>
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Prepared by E-Services, LLC - www.edgar2.net
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  (Earliest Event Reported)
December 31, 2002 (December 19, 2002)
Citizens Bancshares Corporation
(Exact Name of
Registrant as
Specified in its
Charter)
Georgia
333-38509
58-1631302
(State or other jurisdiction
of Incorporation)
(Commission  File Number)
(IRS Employer
Identification Number)
75 Piedmont Avenue, NE, Atlanta, Georgia 30302
(Address of principal
executive offices)
(404) 659-5959
(Registrant's
Telephone Number)
(Former name or
former address, if changed since last report)
Item 5.                        Other Events
On
May 30, 2002, Citizens Bancshares Corporation ("Citizens") and its
wholly-owned subsidiary, Citizens Trust Bank, entered into an agreement with
CFS Bancshares, Inc. ("CFSB") and its wholly-owned subsidiary, Citizens Federal
Savings Bank ("Citizens Federal") (both located in Birmingham, Alabama), providing
for Citizens' acquisition of CFSB.  CFSB
will be merged into Citizens and Citizens Federal will be merged into Citizens
Trust Bank.  Under the terms of the
Agreement, CFSB shareholders will receive cash in the amount of $64.62 in
exchange for each share of CFSB common stock. 
If the consummation of the merger is after August 31, 2002, the per
share merger consideration price will increase by $0.07 per share each month
through December 2002.
On December
19, 2002, the parties entered into an amendment to the agreement extending the
time for consummating the merger from December 31, 2002 until
February 28, 2003, and again increasing the per share merger consideration
by $0.07 per share for each month through February 2003.
Item 7.      Financial
Statements, Pro Forma Financial Information and Exhibits
(c)  Exhibits.
99.1        Amendment, dated December 19, 2002,
to Agreement and Plan of Merger by and among Citizens Bancshares Corporation,
Citizens Trust Bank, CFS Bancshares, Inc. and Citizens Federal Savings Bank
dated May 30, 2002.
Signature
Pursuant to
the requirements of the Securities Exchange Act of 1934, as amended, Registrant
has caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
CITIZENS
BANCSHARES CORPORATION
By:
/s/ James E. Young
James
E. Young
President
Dated:
December 31, 2002