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<P align=center><FONT face=serif size=2><B><FONT face=serif size=5>UNITED
STATES<BR>SECURITIES AND EXCHANGE COMMISSION</FONT></B><BR><B>WASHINGTON, D.C.
20549</B></FONT></P>
<P align=center><B><FONT face=serif size=5>FORM 8-K</FONT></B></P>
<P align=center><FONT face=serif size=2>CURRENT REPORT </FONT></P>
<P align=center><FONT face=serif size=2>PURSUANT TO SECTION 13 OR 15 (d) OF THE
SECURITIES EXCHANGE ACT OF 1934</FONT></P>
<P align=center><FONT face=serif size=2>DATE OF REPORT (DATE OF EARLIEST EVENT
REPORTED):&nbsp;<B> Thursday, December 15, 2005</B></FONT></P>
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    <TD align=left width="10%"><FONT face=serif size=2>&nbsp;</FONT></TD>
    <TD align=middle><FONT face=serif size=2><B><FONT face=serif
      size=5></FONT></B></FONT></TD>
    <TD align=left width="10%"><FONT face=serif size=2>&nbsp;</FONT></TD></TR>
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    <TD align=left width="10%"><FONT face=serif size=2>&nbsp;</FONT></TD>
    <TD align=middle><FONT face=serif size=2>(Exact name of registrant as
      specified in its charter) </FONT></TD>

    <TD align=left width="10%"><FONT face=serif
  size=2>&nbsp;</FONT></TD></TR></TABLE>
<P align=center><FONT face=serif size=2>COMMISSION FILE
NUMBER<B>:&nbsp;&nbsp;</B><B><U></U></B></FONT></P>
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    size=2><B></B></FONT></TD>
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      size=2><B></B></FONT></TD>
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    <TD align=middle width="35%"><FONT face=serif size=2>(State or other
      jurisdiction of incorporation or organization)</FONT></TD>
    <TD align=left width="10%">&nbsp;</TD>

    <TD align=middle width="35%"><FONT face=serif size=2>(I.R.S. Employer
      Identification No.)</FONT></TD>
    <TD align=left width="10%">&nbsp;</TD></TR></TABLE><BR><BR>
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      size=2><B><BR><BR>,  </B></FONT></TD>
    <TD align=left width="10%">&nbsp;</TD></TR>

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    <TD align=left width="10%">&nbsp;</TD>
    <TD align=middle><FONT face=serif size=2>(Address and zip code of
      principal executive offices)</FONT></TD>

    <TD align=left width="10%">&nbsp;</TD></TR>
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    <TD align=left width="10%">&nbsp;</TD>
    <TD align=middle><FONT face=serif size=2>&nbsp;</FONT></TD>
    <TD align=left width="10%">&nbsp;</TD></TR>
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    <TD align=left width="10%">&nbsp;</TD>
    <TD align=middle><FONT face=serif size=2><B></B></FONT></TD>

    <TD align=left width="10%">&nbsp;</TD></TR>
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    </TD>
    <TD align=left>&nbsp;</TD></TR>
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    <TD align=left width="10%">&nbsp;</TD>

    <TD align=middle><FONT face=serif size=2>(Registrant's telephone number,
      including area code</FONT></TD>
    <TD align=left width="10%">&nbsp;</TD></TR></TABLE>
<P>&nbsp;</P>
<P align=left><FONT face=serif size=2>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:</FONT></P>
<DIV style="TEXT-INDENT: 3%">
<P align=left><FONT face=serif size=2><img src="emptybox.gif" border="0" width="12" height="12"> Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)</FONT></P>
<P align=left><FONT face=serif size=2><img src="emptybox.gif" border="0" width="12" height="12"> Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)</FONT></P>
<P align=left><FONT face=serif size=2><img src="emptybox.gif" border="0" width="12" height="12">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
(17 CFR 240.14d-2(b))</FONT></P>
<P align=left><FONT face=serif size=2><img src="emptybox.gif" border="0" width="12" height="12">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act
(17 CFR 240.13e-4(c))</FONT></P></DIV>
<P align=center><FONT face=serif size=2>1 of 2 </FONT></P>
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<TD align=left width="11%"><FONT face=serif size=2><B>Item
8.01</B></FONT></TD>
<TD align=left><FONT face=serif size=2><B>OTHER EVENTS</B></FONT></TD></TR>
<TR vAlign=top>
<TD>&nbsp;</TD>
<TD>&nbsp;</TD></TR></table>

<p align="left">
<font size="3" face="Times New Roman">Private Placement</font>
</p>
<br>
<p align="left">&nbsp;<font size="3" face="Times New Roman">On December 15, 2005, the Board of Directors of Cecil Bancorp, Inc. announced the completion of a private placement of 129,467 shares of newly issued common stock, par value $0.01 per share, at a price per share of $14.40, for gross proceeds of $1,864,324.80. All purchasers were directors or executive officers of Cecil Bancorp and Cecil Federal Bank or other accredited investors as defined in Regulation D issued under the Securities Act of 1933 (the &ldquo;1933 Act&rdquo;). The stock issued in the private placement comprises 7.32% of outstanding shares after issuance. Costs are expected to total less than 1.5% of the proceeds. </font>
</p>
<br>
<p align="left">&nbsp;<font size="3" face="Times New Roman">Proceeds will be used primarily for injection of capital into Cecil Federal Bank, where they may be used to support growth in banking operations, but also may be used for other corporate purposes.</font>
</p>
<br>
<p align="left">&nbsp;<font size="3" face="Times New Roman">The Board established the terms of the private placement based upon an analysis of the Bank&rsquo;s capital needs; the expected positive effects of the placement on shareholders; the volume and frequency of trades in Cecil Bancorp stock; and the lower probability of success, higher costs (including legal, accounting, and financial advisory or underwriters&rsquo; costs), and greater time requirements of alternative means of raising capital, among other factors. The Company rejected alternative means of raising common equity, such as an underwritten public offering or rights offering or a more broadly available private placement, due to concerns regarding feasibility, costs, timing, and overall net benefits to the Company and its shareholders. </font>
</p>
<br>
<p align="left">
<font size="3" face="Times New Roman">Stock and Cash Dividends</font>
</p>
<br>
<p align="left">&nbsp;<font size="3" face="Times New Roman">Cecil Bancorp, Inc. also announced the declaration of a 1% stock dividend, payable in newly issued shares of its common stock on January 12, 2006, to shareholders of record on December 26, 2005, and a regular cash dividend of $0.05 per share payable December 30, 2005 to shareholders of record on December 19, 2005.</font>
</p>
<br>
<p align="left">&nbsp;<font size="3" face="Times New Roman">Forward-Looking Statements</font>
</p>
<br>
<p align="left">&nbsp;<font size="3" face="Times New Roman">This Form 8-K includes forward-looking statements that are subject to risks and uncertainties. These forward-looking statements include: statements of goals, intentions, and expectations; estimates of risks and of future costs and benefits; and statements of the ability to achieve financial and other goals. These forward-looking statements are subject to significant uncertainties because they are based upon or are affected by: management's estimates and projections of future interest rates and other economic conditions; future laws and regulations; and a variety of other matters which, by their nature, are subject to significant uncertainties. Because of these uncertainties, the actual future results may differ materially from those indicated. </font>
</p>

<p>&nbsp;</p>
<P align=center><FONT face=serif size=2><B>SIGNATURE</B></FONT></P>
<DIV style="TEXT-INDENT: 3%">
<P align=left><FONT face=serif size=2>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.</FONT></P></DIV>
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    <TD align=middle width="2%"></TD>
    <TD align=left width="5%"><FONT face=serif size=2>By:</FONT></TD>
    <TD align=left><FONT face=serif size=2>/s/ Mary B Halsey</FONT></TD></TR>
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    <TD align=left></TD>
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    <TD align=left width="2%"></TD>
    <TD align=left width="5%"><FONT face=serif size=2>Name:</FONT></TD>
    <TD align=left><FONT face=serif size=2>Mary B Halsey</FONT></TD></TR>
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    <TD align=left width="49%"></TD>
    <TD align=left width="2%"></TD>
    <TD align=left width="5%"><FONT face=serif size=2>Title:</FONT></TD>
    <TD align=left><FONT face=serif size=2>President and CEO</FONT></TD></TR>
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    <TD align=left width="49%"></TD>
    <TD align=left width="2%"></TD>
    <TD align=left width="5%"><FONT face=serif size=2>Date:</FONT></TD>
    <TD align=left><FONT face=serif size=2>Thursday, December 15, 2005</FONT></TD></TR>
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{"company-data": {"conformed-name": "CECIL BANCORP INC", "cik": "0000926865", "assigned-sic": "6035", "irs-number": "521883546", "state-of-incorporation": "MD", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-24926", "film-number": "051266741"}, "business-address": {"street1": "127 NORTH STREET", "city": "ELKTON", "state": "MD", "zip": "21921", "phone": "4103981650"}, "mail-address": {"street1": "127 NORTH STREET", "city": "ELKTON", "state": "MD", "zip": "21922-0568"}}
Prepared and Filed by St Ives Financial
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):
Thursday, December 15, 2005
(Exact name of registrant as
      specified in its charter)
COMMISSION FILE
NUMBER
:
(State or other
      jurisdiction of incorporation or organization)
(I.R.S. Employer
      Identification No.)
,
(Address and zip code of
      principal executive offices)
(Registrant's telephone number,
      including area code
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))
1 of 2
Item
8.01
OTHER EVENTS
Private Placement
On December 15, 2005, the Board of Directors of Cecil Bancorp, Inc. announced the completion of a private placement of 129,467 shares of newly issued common stock, par value $0.01 per share, at a price per share of $14.40, for gross proceeds of $1,864,324.80. All purchasers were directors or executive officers of Cecil Bancorp and Cecil Federal Bank or other accredited investors as defined in Regulation D issued under the Securities Act of 1933 (the "1933 Act"). The stock issued in the private placement comprises 7.32% of outstanding shares after issuance. Costs are expected to total less than 1.5% of the proceeds.
Proceeds will be used primarily for injection of capital into Cecil Federal Bank, where they may be used to support growth in banking operations, but also may be used for other corporate purposes.
The Board established the terms of the private placement based upon an analysis of the Bank's capital needs; the expected positive effects of the placement on shareholders; the volume and frequency of trades in Cecil Bancorp stock; and the lower probability of success, higher costs (including legal, accounting, and financial advisory or underwriters' costs), and greater time requirements of alternative means of raising capital, among other factors. The Company rejected alternative means of raising common equity, such as an underwritten public offering or rights offering or a more broadly available private placement, due to concerns regarding feasibility, costs, timing, and overall net benefits to the Company and its shareholders.
Stock and Cash Dividends
Cecil Bancorp, Inc. also announced the declaration of a 1% stock dividend, payable in newly issued shares of its common stock on January 12, 2006, to shareholders of record on December 26, 2005, and a regular cash dividend of $0.05 per share payable December 30, 2005 to shareholders of record on December 19, 2005.
Forward-Looking Statements
This Form 8-K includes forward-looking statements that are subject to risks and uncertainties. These forward-looking statements include: statements of goals, intentions, and expectations; estimates of risks and of future costs and benefits; and statements of the ability to achieve financial and other goals. These forward-looking statements are subject to significant uncertainties because they are based upon or are affected by: management's estimates and projections of future interest rates and other economic conditions; future laws and regulations; and a variety of other matters which, by their nature, are subject to significant uncertainties. Because of these uncertainties, the actual future results may differ materially from those indicated.
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.
By:
/s/ Mary B Halsey
Name:
Mary B Halsey
Title:
President and CEO
Date:
Thursday, December 15, 2005