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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">UNITED
      STATES</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">SECURITIES
      AND EXCHANGE COMMISSION</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Washington,
      D.C. 20549</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">FORM
      8-K</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">CURRENT
      REPORT</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Pursuant
      to Section 13 or 15(d) of The Securities Exchange Act of 1934</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Date
      of
      Report (Date of Earliest Event Reported): August 21, 2006</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
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      <table bgcolor="white" cellpadding="0" cellspacing="0" width="100%">

          <tr bgcolor="white">
            <td width="25%" style="border-bottom: #ffffff solid;">&#160;</td>
            <td width="50%" style="border-bottom: black thin solid;">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font size="2">CN
                BANCORP, INC.</font></div>
            </td>
            <td width="25%" style="border-bottom: #ffffff solid;">&#160;</td>
          </tr>
          <tr bgcolor="white">
            <td width="25%">&#160;</td>
            <td width="50%">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font size="2">(Exact
                name of registrant as specified in its
                charter)</font></div>
            </td>
            <td width="25%">&#160;</td>
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                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Maryland</font></div>
              </td>
              <td width="5%" style="border-bottom: #ffffff thin solid;">&#160;</td>
              <td valign="top" width="30%" style="border-bottom: black thin solid;">
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              </td>
              <td width="5%" style="border-bottom: #ffffff thin solid;">&#160;</td>
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            <tr>
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                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(State
                  or other jurisdiction of incorporation)</font></div>
              </td>
              <td width="5%">&#160;</td>
              <td valign="top" width="30%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(Commission
                  File No.)</font></div>
              </td>
              <td width="5%">&#160;</td>
              <td valign="top" width="30%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(IRS
                  Employer Identification
                  Number)</font></div>
              </td>
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
      <div align="center">
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            <tr bgcolor="white">
              <td width="25%" style="border-bottom: #ffffff solid;">&#160;</td>
              <td width="50%" style="border-bottom: black thin solid;">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font size="2">7401
                  Ritchie Highway, Glen Burnie, Maryland
                  21060</font></div>
              </td>
              <td width="25%" style="border-bottom: #ffffff solid;">&#160;</td>
            </tr>
            <tr bgcolor="white">
              <td width="25%">&#160;</td>
              <td width="50%">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font size="2">(Address
                  of principal executive offices and zip
                  code)</font></div>
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              <td width="25%">&#160;</td>
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            <tr bgcolor="white">
              <td width="25%" style="border-bottom: #ffffff solid;">&#160;</td>
              <td width="50%" style="border-bottom: black thin solid;">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font size="2">Registrant's
                  telephone number, including area
                  code: (410) 760-7000</font></div>
              </td>
              <td width="25%" style="border-bottom: #ffffff solid;">&#160;</td>
            </tr>
            <tr bgcolor="white">
              <td width="25%" style="border-bottom: #ffffff solid;">&#160;</td>
              <td width="50%" style="border-bottom: black thin solid;">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font size="2">Not
                  Applicable.</font></div>
              </td>
              <td width="25%" style="border-bottom: #ffffff solid;">&#160;</td>
            </tr>
            <tr bgcolor="white">
              <td width="25%">&#160;</td>
              <td width="50%">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font size="2">(Former
                  name or former address, if changed since
                  last report)</font></div>
              </td>
              <td width="25%">&#160;</td>
            </tr>

        </table>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">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></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: -36pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-FAMILY: Wingdings">o</font>&#160;Written
      communication pursuant to Rule 425 under the Securities Act (17 CFR
      230.425)</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: -36pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: -36pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font face="Wingdings">o</font>&#160;Soliciting
      material pursuant to Rule 14a-12 under
      the Exchange Act (17 CRF 240.14a-12)</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: -36pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: -36pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font face="Wingdings">o</font>&#160;Pre-commencement
      communications pursuant to Rule
      14d-2(b) under the Exchange Act </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(17
      CFR
      240.14d-2(b))</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: -36pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: -36pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font face="Wingdings">o</font>&#160;Pre-commencement
      communications pursuant to Rule
      13e-4(c) under the Exchange Act&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(17
      CFR
      240.13e- 4(c))</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: -36pt" align="left">&#160;</div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Section
      1 - Registrant&#8217;s Business and Operations</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Item
      1.01.</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Entry
      into a Material Definitive Agreement.</strong></font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">As
      of
      August 21, 2006, County National Bank (the &#8220;Bank&#8221;), the wholly-owned banking
      subsidiary of CN Bancorp, Inc., entered into Amended and Restated Employment
      Agreements (the &#8220;Agreements&#8221;) with Jan W. Clark and John G. Warner (each, an
&#8220;Employee&#8221;). Each Agreement is effective as of August 21, 2006 and restates the
      prior employment agreements of Mr. Clark and Mr. Warner, each dated December
      19,
      1996. Each Agreement is effective for an initial term of three years and is
      subject to automatic successive one-year renewals at the end of each year so
      that the remaining term continues to be three years, unless written notice
      of
      non-renewal is provided to the Employee between ten and 30 days prior to the
      anniversary date of the Agreement. Pursuant to the Agreements, Mr. Clark will
      continue to serve as President and Chief Executive Officer of the Bank and
      the
      Company, and Mr. Warner will continue to serve as Executive Vice President
      of
      the Bank and the Company. </font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Mr.
      Clark&#8217;s Agreement provides for an initial annual base salary of $187,500, which
      salary will be reviewed by the Bank&#8217;s board of directors (the &#8220;Board&#8221;) annually
      and may be increased as determined by the Board. Mr.&#160;Warner&#8217;s Agreement
      provides for an initial annual base salary of $169,800, which salary will be
      reviewed by the Board annually and may be increased as determined by the Board.
      Both Agreements also provide for a bonus at the Board&#8217;s discretion and
      participation in any bonus, incentive and other executive compensation programs
      as are made available to senior management of the Bank from time to time
      (together, &#8220;Incentive Compensation&#8221;), benefits as may be made available from
      time to time for employees of the Bank, and other benefits, including an annual
      automobile allowance and life insurance benefits.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Each
      Agreement also contains severance provisions that call for payments to Mr.
      Clark
      or Mr. Warner, as the case may be, in the event that they are terminated without
      cause or in connection with a change in control (both as defined in the
      Agreements):</font></div>
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    <div>
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          <tr valign="top" style="line-height: 1.25;">
            <td style="width: 36pt;">&#160;</td>
            <td style="width: 18pt;">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Symbol, serif">&#183;</font></div>
            </td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">If
                the Agreement is not renewed pursuant to the Bank&#8217;s provision of a notice
                of non-renewal, as provided for in the Agreement, such that the Employee
                is involuntary terminated without cause, the Employee will receive
                payments equal to his current base salary, Incentive Compensation
                awarded
                to him prior to termination and any benefits (or the cash equivalent
                thereof), for the remaining term of the Agreement plus an additional
                12
                months; such payments to be paid one day after six months of termination
                for payments due for the first six months and thereafter on the Bank&#8217;s
                regular payroll dates.</font></div>
            </td>
          </tr>

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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top" style="line-height: 1.25;">
            <td style="width: 36pt;">&#160;</td>
            <td style="width: 18pt;">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Symbol, serif">&#183;</font></div>
            </td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">If
                the Employee is involuntary terminated without cause and is not provided
                a
                notice of non-renewal of the Agreement, or in the event of the Employee&#8217;s
                total and permanent disability or death, the Employee or his beneficiary
                will receive payments equal to the Employee&#8217;s current base salary,
                Incentive Compensation awarded to him prior to termination and any
                benefits (or the cash equivalent thereof), for the remaining term
                of the
                Agreement; such payments to be paid one day after six months of
                termination for payments due for the first six months and thereafter
                on
                the Bank&#8217;s regular payroll dates.</font></div>
            </td>
          </tr>

      </table>
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        <div style="WIDTH: 100%; TEXT-ALIGN: center">&#160;</div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
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      <div id="HDR">
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      <div>&#160;</div>
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      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top" style="line-height: 1.25;">
            <td style="width: 36pt;">&#160;</td>
            <td style="width: 18pt;">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Symbol, serif">&#183;</font></div>
            </td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">If
                the Agreement is terminated following a change in
                control:</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top" style="line-height: 1.25;">
            <td style="width: 90pt;">&#160;</td>
            <td style="width: 18pt;">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">o</font></div>
            </td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">the
                Employee will receive a lump-sum payment equal to the sum of (a)
                the
                excess of (i) 2.99 times the Employee&#8217;s average annual taxable
                compensation paid by the Bank during the most recent five taxable
                years
                ending before the date of the change in control over (ii) the aggregate
                present value of all other payments to the Employee in the nature
                of
                compensation that are treated for federal income tax purposes as
                contingent on the change in control, plus (b) a pro-rated annual
                bonus
                equal to the greater of the Employee&#8217;s target or actual bonus for the year
                in which the Agreement terminates;</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top" style="line-height: 1.25;">
            <td style="width: 90pt;">&#160;</td>
            <td style="width: 18pt;">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">o</font></div>
            </td>
            <td>
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                of the Employee&#8217;s stock awards will immediately vest;
                and</font></div>
            </td>
          </tr>

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          <tr valign="top" style="line-height: 1.25;">
            <td style="width: 90pt;">&#160;</td>
            <td style="width: 18pt;">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">o</font></div>
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                Employee will be entitled to medical coverage (or the cash equivalent
                thereof) for up to two years.</font></div>
            </td>
          </tr>

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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">In
      addition to the foregoing payments, under certain conditions Mr.&#160;Clark and
      Mr. Warner each will be entitled to gross-up payments to the extent such
      payments result in the imposition of any excise tax, interest or penalties.
      </font></div>
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      Agreement contains confidentiality, non-competition and non-solicitation
      provisions.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">
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          <div id="GLFTR" style="WIDTH: 100%" align="left">&#160;</div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center">&#160;</div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">SIGNATURES</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">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></div>
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            <td width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;</font></td>
            <td width="49%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;</font></td>
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            <td colspan="2"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">CN
              BANCORP,
              INC.</font></td>
          </tr>
          <tr valign="top" bgcolor="#ffffff">
            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;<br>&#160;</font></td>
            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;<br>&#160;</font></td>
            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;<br>&#160;</font></td>
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            <td>&#160;</td>
            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">By:&#160;&#160;</font></td>
            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">/s/&#160;Jan
              W.
              Clark</font></td>
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            <td align="left">
              <hr style="COLOR: black" align="left" noshade size="2" width="80%"><font size="2">Jan
              W. Clark</font></td>
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            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">President
              and
              Chief Executive Officer</font></td>
          </tr>
          <tr valign="top" bgcolor="#ffffff">
            <td colspan="2">&#160;</td>
            <td>&#160;</td>
          </tr>
          <tr valign="top" bgcolor="#ffffff">
            <td colspan="2"><font size="2">Dated: August 24, 2006</font></td>
            <td>&#160;</td>
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{"company-data": {"conformed-name": "CN BANCORP INC", "cik": "0001014273", "assigned-sic": "6021", "irs-number": "521954386", "state-of-incorporation": "MD", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "333-100460", "film-number": "061054693"}, "business-address": {"street1": "7401 RITCHIE HIGHWAY", "street2": "*", "city": "GLEN BURNIE", "state": "MD", "zip": "21061", "phone": "4107607000"}, "mail-address": {"street1": "PO BOX 1210", "city": "GLEN BURNIE", "state": "MD", "zip": "21060-1210"}}
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): August 21, 2006
CN
                BANCORP, INC.
(Exact
                name of registrant as specified in its
                charter)
Maryland
333-100460
52-1954386
(State
                  or other jurisdiction of incorporation)
(Commission
                  File No.)
(IRS
                  Employer Identification
                  Number)
7401
                  Ritchie Highway, Glen Burnie, Maryland
                  21060
(Address
                  of principal executive offices and zip
                  code)
Registrant's
                  telephone number, including area
                  code: (410) 760-7000
Not
                  Applicable.
(Former
                  name or former address, if changed since
                  last report)
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:
o
Written
      communication pursuant to Rule 425 under the Securities Act (17 CFR
      230.425)
o
Soliciting
      material pursuant to Rule 14a-12 under
      the Exchange Act (17 CRF 240.14a-12)
o
Pre-commencement
      communications pursuant to Rule
      14d-2(b) under the Exchange Act
(17
      CFR
      240.14d-2(b))
o
Pre-commencement
      communications pursuant to Rule
      13e-4(c) under the Exchange Act
(17
      CFR
      240.13e- 4(c))
Section
      1 - Registrant's Business and Operations
Item
      1.01.
Entry
      into a Material Definitive Agreement.
As
      of
      August 21, 2006, County National Bank (the "Bank"), the wholly-owned banking
      subsidiary of CN Bancorp, Inc., entered into Amended and Restated Employment
      Agreements (the "Agreements") with Jan W. Clark and John G. Warner (each, an
"Employee"). Each Agreement is effective as of August 21, 2006 and restates the
      prior employment agreements of Mr. Clark and Mr. Warner, each dated December
      19,
      1996. Each Agreement is effective for an initial term of three years and is
      subject to automatic successive one-year renewals at the end of each year so
      that the remaining term continues to be three years, unless written notice
      of
      non-renewal is provided to the Employee between ten and 30 days prior to the
      anniversary date of the Agreement. Pursuant to the Agreements, Mr. Clark will
      continue to serve as President and Chief Executive Officer of the Bank and
      the
      Company, and Mr. Warner will continue to serve as Executive Vice President
      of
      the Bank and the Company.
Mr.
      Clark's Agreement provides for an initial annual base salary of $187,500, which
      salary will be reviewed by the Bank's board of directors (the "Board") annually
      and may be increased as determined by the Board. Mr. Warner's Agreement
      provides for an initial annual base salary of $169,800, which salary will be
      reviewed by the Board annually and may be increased as determined by the Board.
      Both Agreements also provide for a bonus at the Board's discretion and
      participation in any bonus, incentive and other executive compensation programs
      as are made available to senior management of the Bank from time to time
      (together, "Incentive Compensation"), benefits as may be made available from
      time to time for employees of the Bank, and other benefits, including an annual
      automobile allowance and life insurance benefits.
Each
      Agreement also contains severance provisions that call for payments to Mr.
      Clark
      or Mr. Warner, as the case may be, in the event that they are terminated without
      cause or in connection with a change in control (both as defined in the
      Agreements):
·
If
                the Agreement is not renewed pursuant to the Bank's provision of a notice
                of non-renewal, as provided for in the Agreement, such that the Employee
                is involuntary terminated without cause, the Employee will receive
                payments equal to his current base salary, Incentive Compensation
                awarded
                to him prior to termination and any benefits (or the cash equivalent
                thereof), for the remaining term of the Agreement plus an additional
                12
                months; such payments to be paid one day after six months of termination
                for payments due for the first six months and thereafter on the Bank's
                regular payroll dates.
·
If
                the Employee is involuntary terminated without cause and is not provided
                a
                notice of non-renewal of the Agreement, or in the event of the Employee's
                total and permanent disability or death, the Employee or his beneficiary
                will receive payments equal to the Employee's current base salary,
                Incentive Compensation awarded to him prior to termination and any
                benefits (or the cash equivalent thereof), for the remaining term
                of the
                Agreement; such payments to be paid one day after six months of
                termination for payments due for the first six months and thereafter
                on
                the Bank's regular payroll dates.
·
If
                the Agreement is terminated following a change in
                control:
o
the
                Employee will receive a lump-sum payment equal to the sum of (a)
                the
                excess of (i) 2.99 times the Employee's average annual taxable
                compensation paid by the Bank during the most recent five taxable
                years
                ending before the date of the change in control over (ii) the aggregate
                present value of all other payments to the Employee in the nature
                of
                compensation that are treated for federal income tax purposes as
                contingent on the change in control, plus (b) a pro-rated annual
                bonus
                equal to the greater of the Employee's target or actual bonus for the year
                in which the Agreement terminates;
o
all
                of the Employee's stock awards will immediately vest;
                and
o
the
                Employee will be entitled to medical coverage (or the cash equivalent
                thereof) for up to two years.
In
      addition to the foregoing payments, under certain conditions Mr. Clark and
      Mr. Warner each will be entitled to gross-up payments to the extent such
      payments result in the imposition of any excise tax, interest or penalties.
Each
      Agreement contains confidentiality, non-competition and non-solicitation
      provisions.
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 hereunto
      duly authorized.
CN
              BANCORP,
              INC.
By:
/s/ Jan
              W.
              Clark
Jan
              W. Clark
President
              and
              Chief Executive Officer
Dated: August 24, 2006