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 17, 1996                           
                (Date of earliest event reported)



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



Delaware                   0-27930                     64-086536
(State or other     (Commission File Number)        (IRS Employer 
jurisdiction of                               Identification No.) 
of 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)


<PAGE>


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

     (a)  Not applicable
         
     (b)  Not applicable

     (c)  Exhibits:

          99(a)   Press Release, dated June 17, 1996

<PAGE>


                          Exhibit 99(a)

                Press Release, dated June 17, 1996


<PAGE>

                            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 thereunto duly authorized.

                               COMMUNITY FEDERAL BANCORP, INC.



Date: June 17, 1996           By:   (s) Jim Ingram                
                                   Jim Ingram, President and CEO


<PAGE>
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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": "96582122"}, "business-address": {"street1": "333 COURT ST", "city": "TUPELO", "state": "MS", "zip": "38802", "phone": "6018423981"}, "mail-address": {"street2": "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 17, 1996                           
                (Date of earliest event reported)

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

Delaware                   0-27930                     64-086536
(State or other     (Commission File Number)        (IRS Employer 
jurisdiction of                               Identification No.) 
of 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, dated June 17, 1996
Exhibit 99(a)

                Press Release, dated June 17, 1996
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 thereunto duly authorized.

                               COMMUNITY FEDERAL BANCORP, INC.

Date: June 17, 1996           By:   (s) Jim Ingram                
                                   Jim Ingram, President and CEO