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

June 10, 1998
(Date of earliest event reported)


Community Federal Bancorp, Inc.
(Exact name of registrant as specified in its charter)

Delaware                     0-27030                64-0869537
(State or other      (Commission File Number)     (IRS Employer
jurisdiction of                                 Idenification No.)
incorporation)                                    
                         
         
333 Court Street, Tupelo Mississippi                 38802
(Address of principal executive offices)          (Zip Code)               

601-842-3981
(Registrant's telephone number, including area code)


Not Applicable
(Former name or former address, if changed since last report)





Item 7.  Financial Statements, Pro Forma Financial Information and Exhibits.

     a.   Not applicable

     b.   Not applicable
     
     c.   Exhibits:
          99(a) Press Release, date June 10, 1998


Exhibit 99(a)
Press Release, dated June 10, 1998

Press Release
June 10, 1998

Contact: Jim Ingram
         601-842-3981

For Immediate Release

COMMUNITY FEDERAL NAMES PRESIDENT


Tupelo, Miss -- Veteran Mississippi banker and civic leader H. Lewis 
Whitfield has been named president of Tupelo-based Community Federal Savings 
Bank and Community Federal Bancorp, Inc. As President, Whitfield will report
to Community Federal Chief Executive Officer Jim Ingram and will join the 
Community Federal Board of Directors, said Medford Leake, Community Federal 
Chairman of the Board, Whitfield's appointment will officially begin July 1.

Prior to joining Community Federal, Whitfield was president of Deposit 
Guaranty National Bank - Tupelo from 1987 to March of this year.  From 1973 
to 1986, Whitfield was affiliated with the former First Citizens National 
Bank, serving the last six years as president of that institution before it
merged with Deposit Guaranty.  He began his career as a management consultant 
with Peat, Marwick, Mitchell and Co. and later served as administrative 
manager of Texas Senator Lloyd Bentsen's Washington Office.  Whitfield also
served in the United States Army Military Intelligence Branch, where he was 
awarded an Army Commendation Medal for service in Korea.  He earned 
bachelor's and master's degrees in business from Mississippi State University.

In tandem with his banking tenure, the 55-year-old Tupelo native brings a 
wealth of community service experience to his new role.  He currently serves 
as chairman of the board of North Mississippi Health Services, Inc., the 
Yocona Area Council of the Boy Scouts of America and United Methodist Senior 
Services-Tupelo area.  He also serves on the board of directors of CREATE 
Foundation, United Way of Northeast Mississippi, the Community Relations 
Association, the Community Development Foundation, the Tupelo Symphony 
Orchestra and the Mississippi State University Alumni Foundation.  He is a 
past chairman of the Mississippi Economic Council, CDF, CREATE, Good 
Samaritan Health Services and the Tupelo Symphony Orchestra.  He is a past 
president and founder of the Association for Excellence in Education and was
recognized in 1997 as AEE's "Advocate for Education."

"I am very pleased that Lewis Whitfield is joining Community Federal," said 
Community Federal CEO Jim Ingram.  "He brings years of experience while 
serving as president of Deposit Guaranty and First Citizens National Bank.
He is a man of principle and unquestionable integrity.  I respect Lewis as a
person, a leader, a motivator and involved citizen and I look forward to 
working with him to enhance the effectiveness of Community Federal."

"We are delighted to have someone of Lewis Whitfield's caliber join us at 
Community Federal," said Community Federal Chairman Medford Leake.  "Our 
foremost goals at our bank are to provide every customer with the very best 
personalized service while providing our stockholders with good earnings.  
We feel that Lewis Whitfield's experience in banking and his dedicated 
service to many civic and charitable causes is proof that he believes as we
do.  We believe that Lewis will make a significant contribution to Community 
Federal and therefore to this area."

Community Federal was organized in 1933 and went public in 1996.  It trades on 
the NASDAQ market under the symbol of "CFTP".


                                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 therunto duly authorized.


Date: June 10, 1998           COMMUNITY FEDERAL BANCORP, INC.

                              By: (s) Jim Ingram             
                                   Jim Ingram, President and 
                                   Chief Executive Officer

                              By: (s) Sherry McCarty          
                                  Sherry McCarty, Chief                       
                                  Finacial Officer
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{"company-data": {"conformed-name": "COMMUNITY FEDERAL BANCORP INC", "cik": "0001004524", "assigned-sic": "6035", "state-of-incorporation": "DE", "fiscal-year-end": "0930"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-27930", "film-number": "98646090"}, "business-address": {"street1": "333 COURT ST", "city": "TUPELO", "state": "MS", "zip": "38801", "phone": "6018423981"}, "mail-address": {"street1": "333 COURT STREET", "city": "TUPELO", "state": "MS", "zip": "38801"}}
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

June 10, 1998
(Date of earliest event reported)

Community Federal Bancorp, Inc.
(Exact name of registrant as specified in its charter)

Delaware                     0-27030                64-0869537
(State or other      (Commission File Number)     (IRS Employer
jurisdiction of                                 Idenification No.)
incorporation)                                    
                         
         
333 Court Street, Tupelo Mississippi                 38802
(Address of principal executive offices)          (Zip Code)               

601-842-3981
(Registrant's telephone number, including area code)

Not Applicable
(Former name or former address, if changed since last report)

Item 7.  Financial Statements, Pro Forma Financial Information and Exhibits.

     a.   Not applicable

     b.   Not applicable
     
     c.   Exhibits:
          99(a) Press Release, date June 10, 1998

Exhibit 99(a)
Press Release, dated June 10, 1998

Press Release
June 10, 1998

Contact: Jim Ingram
         601-842-3981

For Immediate Release

COMMUNITY FEDERAL NAMES PRESIDENT

Tupelo, Miss -- Veteran Mississippi banker and civic leader H. Lewis 
Whitfield has been named president of Tupelo-based Community Federal Savings 
Bank and Community Federal Bancorp, Inc. As President, Whitfield will report
to Community Federal Chief Executive Officer Jim Ingram and will join the 
Community Federal Board of Directors, said Medford Leake, Community Federal 
Chairman of the Board, Whitfield's appointment will officially begin July 1.

Prior to joining Community Federal, Whitfield was president of Deposit 
Guaranty National Bank - Tupelo from 1987 to March of this year.  From 1973 
to 1986, Whitfield was affiliated with the former First Citizens National 
Bank, serving the last six years as president of that institution before it
merged with Deposit Guaranty.  He began his career as a management consultant 
with Peat, Marwick, Mitchell and Co. and later served as administrative 
manager of Texas Senator Lloyd Bentsen's Washington Office.  Whitfield also
served in the United States Army Military Intelligence Branch, where he was 
awarded an Army Commendation Medal for service in Korea.  He earned 
bachelor's and master's degrees in business from Mississippi State University.

In tandem with his banking tenure, the 55-year-old Tupelo native brings a 
wealth of community service experience to his new role.  He currently serves 
as chairman of the board of North Mississippi Health Services, Inc., the 
Yocona Area Council of the Boy Scouts of America and United Methodist Senior 
Services-Tupelo area.  He also serves on the board of directors of CREATE 
Foundation, United Way of Northeast Mississippi, the Community Relations 
Association, the Community Development Foundation, the Tupelo Symphony 
Orchestra and the Mississippi State University Alumni Foundation.  He is a 
past chairman of the Mississippi Economic Council, CDF, CREATE, Good 
Samaritan Health Services and the Tupelo Symphony Orchestra.  He is a past 
president and founder of the Association for Excellence in Education and was
recognized in 1997 as AEE's "Advocate for Education."

"I am very pleased that Lewis Whitfield is joining Community Federal," said 
Community Federal CEO Jim Ingram.  "He brings years of experience while 
serving as president of Deposit Guaranty and First Citizens National Bank.
He is a man of principle and unquestionable integrity.  I respect Lewis as a
person, a leader, a motivator and involved citizen and I look forward to 
working with him to enhance the effectiveness of Community Federal."

"We are delighted to have someone of Lewis Whitfield's caliber join us at 
Community Federal," said Community Federal Chairman Medford Leake.  "Our 
foremost goals at our bank are to provide every customer with the very best 
personalized service while providing our stockholders with good earnings.  
We feel that Lewis Whitfield's experience in banking and his dedicated 
service to many civic and charitable causes is proof that he believes as we
do.  We believe that Lewis will make a significant contribution to Community 
Federal and therefore to this area."

Community Federal was organized in 1933 and went public in 1996.  It trades on 
the NASDAQ market under the symbol of "CFTP".

                                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 therunto duly authorized.

Date: June 10, 1998           COMMUNITY FEDERAL BANCORP, INC.

                              By: (s) Jim Ingram             
                                   Jim Ingram, President and 
                                   Chief Executive Officer

                              By: (s) Sherry McCarty          
                                  Sherry McCarty, Chief                       
                                  Finacial Officer