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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> March 23, 2006</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>Cecil Bancorp, Inc.</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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    <TD align=left width="10%">&nbsp;</TD>
    <TD align=middle width="35%"><FONT face=serif
    size=2><B>Maryland</B></FONT></TD>
    <TD align=left width="10%">&nbsp;</TD>

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      size=2><B></B></FONT></TD>
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    <TD width="10%"></TD>
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    </TD>
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    <TD align=left width="10%">&nbsp;</TD>
    <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>
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    <TD align=middle><FONT face=serif size=1>&nbsp;</FONT><FONT face=serif
      size=2><B>127 North Street<BR><BR>Elkton, Maryland 21921</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=middle><FONT face=serif size=2><B>410-398-1650</B></FONT></TD>

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    <TD align=left>&nbsp;</TD>
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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
1.01</B></FONT></TD>
<TD align=left><FONT face=serif size=2><B>ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT</B></FONT></TD></TR>
<TR vAlign=top>
<TD>&nbsp;</TD>
<TD>&nbsp;</TD></TR></table>

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<font size="2" face="Times New Roman">On March 23, 2006, Cecil Bancorp, Inc. (the &ldquo;Company&rdquo;) issued $10,000,000 of its 30-year junior subordinated debentures in connection with the issuance of a like amount of Trust Preferred Securities issued by its newly formed subsidiary, Cecil Bancorp Capital Trust I (the &ldquo;Trust&rdquo;). The trust preferred securities were sold in a private placement. The Company owns all of the voting securities of the trust, which owns all of the debentures. The debentures and the trust preferred securities bear interest at a fixed rate of 6.51% for five years and then at a floating rate equal to 3-month LIBOR plus 1.38%, payable quarterly, and are callable at par after 5 years. The trust preferred securities are expected to qualify as capital for regulatory purposes, subject to applicable limits. The Company plans to use the proceeds to increase the regulatory capital of its subsidiary, Cecil Federal Bank, and for other purposes. </font>
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<font size="2" face="Times New Roman">The principal agreements governing the issuance of the debentures and the trust preferred securities, each of which is dated March 23, 2006, are: (1) the Junior Subordinated Indenture between the Company and Wilmington Trust Company as Trustee; (2) the Placement Agreement among the Company, the Trust, and J. P. Morgan Securities, Inc.; (3) the Amended and Restated Trust Agreement among the Company, Wilmington Trust Company as Trustee, and the Administrative Trustees; (4) the Preferred Securities Subscription Agreement among the Company, the Trust, J. P. Morgan Securities, Inc., and TWE Ltd (as purchaser); and the Common Securities Subscription Agreement between the Company and the Trust.</font>
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<p>&nbsp;</p>
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<TD align=left width="11%"><FONT face=serif size=2><B>Item
7.01</B></FONT></TD>
<TD align=left><FONT face=serif size=2><B>REGULATION FD DISCLOSURE</B></FONT></TD></TR>
<TR vAlign=top>
<TD>&nbsp;</TD>
<TD>&nbsp;</TD></TR></table>
The disclosures provided under Item 1.01 of this form are incorporated in this Item 7.01.
<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="10%"><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 width="10%"><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="2%"></TD>
    <TD align=left width="10%"><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="2%"></TD>
    <TD align=left width="10%"><FONT face=serif size=2>Date:</FONT></TD>
    <TD align=left><FONT face=serif size=2>Wednesday, December 28, 2005</FONT></TD></TR>
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    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD></TR></TABLE>
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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": "06715152"}, "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):
March 23, 2006
Cecil Bancorp, Inc.
(Exact name of registrant as
      specified in its charter)
COMMISSION FILE
NUMBER
:
Maryland
(State or other
      jurisdiction of incorporation or organization)
(I.R.S. Employer
      Identification No.)
127 North Street
Elkton, Maryland 21921
(Address and zip code of
      principal executive offices)
410-398-1650
(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
1.01
ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
On March 23, 2006, Cecil Bancorp, Inc. (the "Company") issued $10,000,000 of its 30-year junior subordinated debentures in connection with the issuance of a like amount of Trust Preferred Securities issued by its newly formed subsidiary, Cecil Bancorp Capital Trust I (the "Trust"). The trust preferred securities were sold in a private placement. The Company owns all of the voting securities of the trust, which owns all of the debentures. The debentures and the trust preferred securities bear interest at a fixed rate of 6.51% for five years and then at a floating rate equal to 3-month LIBOR plus 1.38%, payable quarterly, and are callable at par after 5 years. The trust preferred securities are expected to qualify as capital for regulatory purposes, subject to applicable limits. The Company plans to use the proceeds to increase the regulatory capital of its subsidiary, Cecil Federal Bank, and for other purposes.
The principal agreements governing the issuance of the debentures and the trust preferred securities, each of which is dated March 23, 2006, are: (1) the Junior Subordinated Indenture between the Company and Wilmington Trust Company as Trustee; (2) the Placement Agreement among the Company, the Trust, and J. P. Morgan Securities, Inc.; (3) the Amended and Restated Trust Agreement among the Company, Wilmington Trust Company as Trustee, and the Administrative Trustees; (4) the Preferred Securities Subscription Agreement among the Company, the Trust, J. P. Morgan Securities, Inc., and TWE Ltd (as purchaser); and the Common Securities Subscription Agreement between the Company and the Trust.
Item
7.01
REGULATION FD DISCLOSURE
The disclosures provided under Item 1.01 of this form are incorporated in this Item 7.01.
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:
Wednesday, December 28, 2005