Edgar Filing: COMMUNITY BANCSHARES INC /DE/

SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549

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SCHEDULE 13D
(RULE 13d-101)

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULE 13d-1(A) AND AMENDMENTS THERETO FILED PURSUANT TO
RULE 13d-2(A)

(AMENDMENT NO. 4)(1)

COMMUNITY BANCSHARES, INC.
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(Name of Issuer)

Common Stock, par value $.10 per share
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(Title of Class of Securities)

20343H 10 6
(CUSIP Number)

J. Fred Kingren, Esq.
Feld, Hyde, Lyle, Wertheimer & Bryant, P.C.
2000 SouthBridge Parkway, Suite 500
Birmingham, Alabama 35209
(205) 802-7575
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)

March 7, 2002
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(Date of Event Which Requires Filing of this Statement)

If the Reporting Person has previously filed a Statement on Schedule
13G to report the acquisition that is the subject of this Statement on Schedule
13D, and is filing this Statement on Schedule 13D because of Rule 13d-1(e),
13d-1(f) or 13d-1(g), check the following box. [ ]

Note: Statements on Schedule 13D filed in paper format shall include a
signed original and five copies of the Statement on Schedule 13D, including all
exhibits. See Rule 13d-7(b) for other parties to whom copies are to be sent.

(Continued on following pages)
(Page 1 of 14 Pages)

---------------

(1) The remainder of this Cover Page shall be filled out for the
Reporting Person's initial filing of this Statement on Schedule 13D with respect
to the subject class of securities, and for any subsequent amendment containing
information which would alter disclosures provided in a prior Cover Page.

The information required on the remainder of this Cover Page shall not
be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 (the "Act") or otherwise subject to the liabilities of that section
of the Act but shall be subject to all other provisions of the Act.

CUSIP NO. 20343H 10 6 13D, AMENDMENT NO. 4 PAGE 2 OF 14 PAGES

(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

Doris S. Corr
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
--------------------------------------------------------------------------------

(3) SEC USE ONLY

--------------------------------------------------------------------------------

(4) SOURCE OF FUNDS

Not Applicable
--------------------------------------------------------------------------------

(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) OR 2(e) [ ]

--------------------------------------------------------------------------------

(6) CITIZENSHIP OR PLACE OF ORGANIZATION

United States of America
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(7) SOLE VOTING POWER
160,356 Shares
NUMBER OF -----------------------------------------------------
SHARES (8) SHARED VOTING POWER
BENEFICIALLY 161,816 Shares
OWNED BY -----------------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER
REPORTING 160,356 Shares
PERSON WITH -----------------------------------------------------
(10) SHARED DISPOSITIVE POWER
161,816 Shares
-----------------------------------------------------

(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

322,172 Shares
--------------------------------------------------------------------------------

(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
--------------------------------------------------------------------------------

(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

7.0%
--------------------------------------------------------------------------------

(14) TYPE OF REPORTING PERSON

IN
--------------------------------------------------------------------------------

CUSIP NO. 20343H 10 6 13D, AMENDMENT NO. 4 PAGE 3 OF 14 PAGES

(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

Bryan A. Corr, Sr.
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]

--------------------------------------------------------------------------------

(3) SEC USE ONLY

--------------------------------------------------------------------------------

(4) SOURCE OF FUNDS

Not Applicable
--------------------------------------------------------------------------------

(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) OR 2(e) [ ]

--------------------------------------------------------------------------------

(6) CITIZENSHIP OR PLACE OF ORGANIZATION

United States of America
--------------------------------------------------------------------------------

(7) SOLE VOTING POWER
14 Shares
NUMBER OF -----------------------------------------------------
SHARES (8) SHARED VOTING POWER
BENEFICIALLY 192,191 Shares
OWNED BY -----------------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER
REPORTING 14 Shares
PERSON WITH -----------------------------------------------------
(10) SHARED DISPOSITIVE POWER
192,191 Shares
-----------------------------------------------------

(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

192,205 Shares
--------------------------------------------------------------------------------

(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]

--------------------------------------------------------------------------------

(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

4.2%
--------------------------------------------------------------------------------

(14) TYPE OF REPORTING PERSON

IN
--------------------------------------------------------------------------------

CUSIP NO. 20343H 10 6 13D, AMENDMENT NO. 4 PAGE 4 OF 14 PAGES

(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

Tina M. Corr
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]

--------------------------------------------------------------------------------

(3) SEC USE ONLY

--------------------------------------------------------------------------------

(4) SOURCE OF FUNDS

Not Applicable
--------------------------------------------------------------------------------

(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) OR 2(e) [ ]

--------------------------------------------------------------------------------

(6) CITIZENSHIP OR PLACE OF ORGANIZATION

United States of America
--------------------------------------------------------------------------------

(7) SOLE VOTING POWER
None
NUMBER OF -----------------------------------------------------
SHARES (8) SHARED VOTING POWER
BENEFICIALLY 18,334 Shares
OWNED BY -----------------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER
REPORTING None
PERSON WITH -----------------------------------------------------
(10) SHARED DISPOSITIVE POWER
18,334 Shares
-----------------------------------------------------

(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

18,334 Shares
--------------------------------------------------------------------------------

(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]

--------------------------------------------------------------------------------

(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

.4%
--------------------------------------------------------------------------------

(14) TYPE OF REPORTING PERSON

IN
--------------------------------------------------------------------------------

CUSIP NO. 20343H 10 6 13D, AMENDMENT NO. 4 PAGE 5 OF 14 PAGES

(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

Joan M. Currier
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
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(3) SEC USE ONLY

--------------------------------------------------------------------------------

(4) SOURCE OF FUNDS

Not Applicable
--------------------------------------------------------------------------------

(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) OR 2(e) [ ]

--------------------------------------------------------------------------------

(6) CITIZENSHIP OR PLACE OF ORGANIZATION

United States of America
--------------------------------------------------------------------------------

(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

18,334 Shares
--------------------------------------------------------------------------------

(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]

--------------------------------------------------------------------------------

(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

.4%
--------------------------------------------------------------------------------

(14) TYPE OF REPORTING PERSON

IN
--------------------------------------------------------------------------------

CUSIP NO. 20343H 10 6 13D, AMENDMENT NO. 4 PAGE 6 OF 14 PAGES

(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

John David Currier, Sr.
--------------------------------------------------------------------------------

(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]

--------------------------------------------------------------------------------

(3) SEC USE ONLY

--------------------------------------------------------------------------------

(4) SOURCE OF FUNDS

Not Applicable
--------------------------------------------------------------------------------

(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) OR 2(e) [ ]

--------------------------------------------------------------------------------

(6) CITIZENSHIP OR PLACE OF ORGANIZATION

United States of America
--------------------------------------------------------------------------------

(7) SOLE VOTING POWER
None
NUMBER OF -----------------------------------------------------
SHARES (8) SHARED VOTING POWER
BENEFICIALLY 7,880 Shares
OWNED BY -----------------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER
REPORTING None
PERSON WITH -----------------------------------------------------
(10) SHARED DISPOSITIVE POWER
7,880 Shares
-----------------------------------------------------

(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

7,880 Shares
--------------------------------------------------------------------------------

(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]

--------------------------------------------------------------------------------

(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

.2%
--------------------------------------------------------------------------------

(14) TYPE OF REPORTING PERSON

IN
--------------------------------------------------------------------------------

CUSIP NO. 20343H 10 6 13D, AMENDMENT NO. 4 PAGE 7 OF 14 PAGES

(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

Christy C. Chandler
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]

--------------------------------------------------------------------------------

(3) SEC USE ONLY

--------------------------------------------------------------------------------

(4) SOURCE OF FUNDS

Not Applicable
--------------------------------------------------------------------------------

(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) OR 2(e) [ ]

--------------------------------------------------------------------------------

(6) CITIZENSHIP OR PLACE OF ORGANIZATION

United States of America
--------------------------------------------------------------------------------

(7) SOLE VOTING POWER
10,454 Shares
NUMBER OF -----------------------------------------------------
SHARES (8) SHARED VOTING POWER
BENEFICIALLY None
OWNED BY -----------------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER
REPORTING 10,454 Shares
PERSON WITH -----------------------------------------------------
(10) SHARED DISPOSITIVE POWER
None
-----------------------------------------------------

(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

10,454 Shares
--------------------------------------------------------------------------------

(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]

--------------------------------------------------------------------------------

(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

.2%
--------------------------------------------------------------------------------

(14) TYPE OF REPORTING PERSON

IN
--------------------------------------------------------------------------------

CUSIP NO. 20343H 10 6 13D, AMENDMENT NO. 4 PAGE 8 OF 14 PAGES

(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

John David Currier, Jr.
--------------------------------------------------------------------------------

(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
--------------------------------------------------------------------------------

(3) SEC USE ONLY

--------------------------------------------------------------------------------

(4) SOURCE OF FUNDS

Not Applicable
--------------------------------------------------------------------------------

(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) OR 2(e) [ ]

--------------------------------------------------------------------------------

(6) CITIZENSHIP OR PLACE OF ORGANIZATION

United States of America
--------------------------------------------------------------------------------

(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

10,454 Shares
--------------------------------------------------------------------------------

(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]

--------------------------------------------------------------------------------

(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

.2%
--------------------------------------------------------------------------------

(14) TYPE OF REPORTING PERSON

IN
--------------------------------------------------------------------------------

CUSIP NO. 20343H 10 6 13D, AMENDMENT NO. 4 PAGE 9 OF 14 PAGES

(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

Corr, Inc. (f/k/a Oneonta Telephone Company, Inc.)
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
--------------------------------------------------------------------------------

(3) SEC USE ONLY

--------------------------------------------------------------------------------

(4) SOURCE OF FUNDS

Not Applicable
--------------------------------------------------------------------------------

(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) OR 2(e) [ ]

--------------------------------------------------------------------------------

(6) CITIZENSHIP OR PLACE OF ORGANIZATION

State of Alabama
--------------------------------------------------------------------------------

(7) SOLE VOTING POWER
None
NUMBER OF -----------------------------------------------------
SHARES (8) SHARED VOTING POWER
BENEFICIALLY 120,000 Shares
OWNED BY -----------------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER
REPORTING None
PERSON WITH -----------------------------------------------------
(10) SHARED DISPOSITIVE POWER
120,000 Shares
-----------------------------------------------------

(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

120,000 Shares
--------------------------------------------------------------------------------

(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]

--------------------------------------------------------------------------------

(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

2.6%
--------------------------------------------------------------------------------

(14) TYPE OF REPORTING PERSON

CO
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CUSIP NO. 20343H 10 6 13D, AMENDMENT NO. 4 PAGE 10 OF 14 PAGES

INTRODUCTORY NOTE

This Amendment No. 4 to Statement on Schedule 13D (this "Amendment No.
4") is filed with the Securities and Exchange Commission ("SEC" or the
"Commission") by Doris S. Corr, Bryan A. Corr, Sr., Tina M. Corr, Joan M.
Currier, John David Currier, Sr., Christy C. Chandler (f/k/a Christina M.
Currier), John David Currier, Jr. and Corr, Inc. (f/k/a Oneonta Telephone
Company, Inc.), as joint filers (individually, a "Reporting Person", and,
collectively, the "Reporting Persons"), with respect to the shares of the Common
Stock, par value $ .10 per share ("Common Stock"), of Community Bancshares,
Inc., a Delaware corporation (the "Issuer").

This Amendment No. 4 amends Items 2, 4, 5, 6 and 7 of the Statement on
Schedule 13D filed by R. C. Corr, Jr. and each of the Reporting Persons, as
joint filers, on November 3, 1998 (the "Original Filing"), and Amendment Nos. 1,
2 and 3 thereto filed by R. C. Corr, Jr., each of the Reporting Persons, and
certain other persons, as joint filers, on December 31, 1998, March 22, 1999,
and March 17, 2000, respectively. R.C. Corr, Jr., who was included as a
Reporting Person in the Original Filing and Amendment Nos. 1, 2 and 3 thereto,
died on June 22, 2001. All of the shares of Common Stock owned by R.C. Corr, Jr.
on the date of his death are now owned by his widow, Doris S. Corr.

The Reporting Persons are filing this Amendment No. 4 because they may
be deemed a "group" for purposes of Section 13(d)(3) of the Securities Exchange
Act of 1934, as amended, although each of the Reporting Persons disclaims any
membership in, and the existence of, such a group other than the group which has
been previously reported and is now comprised of Doris S. Corr, Bryan A. Corr,
Sr., Tina M. Corr, Joan M. Currier, John David Currier, Sr., Christy C.
Chandler, John David Currier, Jr. and Corr, Inc. Neither the filing of this
Amendment No. 4 nor any statement contained herein shall be deemed to be an
admission by any of the Reporting Persons that any other group exists.

Information with respect to each of the Reporting Persons is given
solely by such Reporting Person, and no Reporting Person assumes responsibility
for the accuracy or completeness of information furnished by another Reporting
Person. By executing this Amendment No. 4, each of the Reporting Persons agrees
that this Amendment No. 4 is filed on behalf of such Reporting Person.

ITEM 2. IDENTITY AND BACKGROUND.

Certain information with respect to each of the Reporting Persons is
set forth on Schedule I, which is attached hereto and incorporated herein by
reference. During the past five years, none of the Reporting Persons has been
convicted in a criminal proceeding (excluding traffic violations or similar
misdemeanors), nor has any of the Reporting Persons been a party to a civil
proceeding of a judicial or administrative body of competent jurisdiction and,
as a result of such proceeding, was or is subject to a judgment, decree or final
order enjoining future violations of, or prohibiting or mandating activities
subject to, Federal or State securities laws or finding any violation with
respect to such laws. Each of the Reporting Persons, with the exception of Corr,
Inc., is a citizen of the United States of America. Corr, Inc. is an Alabama
corporation.

ITEM 4. PURPOSE OF TRANSACTION.

As previously reported, on January 31, 2000, R. C. Corr, Jr. and each
of the Reporting Persons entered into a Standstill Agreement with the Issuer
(the "Standstill Agreement"). The Standstill Agreement was entered into for the
purpose of establishing a course of conduct between the parties thereto in order
that a means might be negotiated and implemented by which R. C. Corr, Jr. and
certain of the Reporting Persons might sell, transfer, exchange or otherwise

CUSIP NO. 20343H 10 6 13D, AMENDMENT NO. 4 PAGE 11 OF 14 PAGES

dispose of all of the shares of the Common Stock owned or held by them. The
Standstill Agreement prohibited R. C. Corr, Jr. and certain of the Reporting
Persons thereto from taking certain actions, including (i) any acquisition,
purchase or ownership of any shares of Common Stock, any other securities issued
by or any assets of the Issuer or any of its subsidiaries; (ii) any solicitation
of proxies or consents to vote any shares of Common Stock or other securities of
the Issuer; and (iii) acting alone, or in concert with others, to seek control
of or to influence the management, Board of Directors or policies of the Issuer.

The Reporting Persons do not believe that any meaningful discussions
with the Issuer occurred following the execution and delivery of the Standstill
Agreement. On July 26, 2000, the Issuer filed a Current Report on Form 8-K with
the SEC in which the Issuer disclosed certain ongoing internal investigations as
well as its belief that other investigations by bank regulatory agencies and law
enforcement authorities were being conducted. The Standstill Agreement
terminated pursuant to its terms on July 31, 2000, with no agreement having been
reached by the parties thereto with respect to a course of conduct for R. C.
Corr, Jr. and certain of the Reporting Persons to sell, transfer, exchange or
otherwise dispose of all of the shares of the Common Stock owned or held by
them. Since the termination of the Standstill Agreement, the Issuer has
continued to report information regarding the pending investigations. The
Issuer's Quarterly Report on Form 10-Q for the Quarterly Period Ended September
30, 2001, disclosed that certain investigations are ongoing and certain lawsuits
in addition to those described in this Item 4 are pending.

On September 14, 2000, a lawsuit now styled Estate of R. C. Corr, Jr.;
Doris S. Corr; Bryan A. Corr, Sr.; Tina M. Corr; Joan M. Currier; John David
Currier; and Corr, Inc. f/k/a Oneonta Telephone Company, Inc. v. Kennon R.
Patterson, Sr.; Kennon R. Patterson, Jr.; Glynn Debter; Stacey Mann; Merritt
Robbins; Bishop K. Walker, Jr.; Roy B. Jackson; Loy McGruder; Robert O.
Summerford; Denny G. Kelly; Jimmie Trotter; John J. Lewis, Jr.; Hodge Patterson;
Edward Ferguson; Community Bancshares, Inc.; Community Bank, Inc., et al., Civil
Action No. CV-00-216-OHJ, was filed in the Circuit Court of Blount County,
Alabama. In this lawsuit, the plaintiffs, which include certain of the Reporting
Persons, allege that certain actions and omissions of the defendants, which
consist of the Issuer, its principal subsidiary and certain members of the Board
of Directors of such entities, resulted in the siphoning off of corporate income
and assets which in turn resulted in deprivation of the plaintiffs of their just
share of corporate income and gains. The actions and omissions of the defendants
are alleged to include the payment to Directors of exorbitant salaries and
bonuses, improper payments to Directors' relatives, unreasonable payments under
contracts between the Issuer and its subsidiaries and certain of the defendants
or to entities controlled by certain of the defendants or their relatives, and
improper rental agreements for property leased by the Issuer and its
subsidiaries from certain of the defendants. See Exhibit 1 attached to this
Amendment No. 4, which is hereby incorporated herein by reference.

On October 13, 2000, a lawsuit now styled Doris Corr, individually and
as Personal Representative of the Estate of R.C. Corr, Jr., v. Hugh Don Camp,
Sr., Don T. Camp, Community Bancshares, Inc., Kennon R. Patterson, Sr., Denny G.
Kelly, Bishop K. Walker, et al, Civil Action No. CV-00-260-OHJ, was filed in the
Circuit Court of Blount County, Alabama. In this lawsuit, the plaintiffs allege
that the defendants, which consist of Hugh Don Camp, Sr., his son, the Issuer,
its principal subsidiary and certain of its officers and Directors, breached or
induced Hugh Don Camp, Sr. to breach a contract between him and the plaintiffs
for the purchase of 100,000 shares of Common Stock owned by him, and that the
defendants entered into an illegal conspiracy to tortiously interfere with such
contract. All of the shares of Common Stock to have been purchased in this
transaction were to have been held of record by R.C. Corr, Jr. and Doris S.
Corr, as joint tenants with right of survivorship, but Doris S. Corr,
individually and as personal representative of the Estate of R.C. Corr, Jr.,
does not beneficially own any of such shares of Common Stock presently. Other
than the 100,000 shares of Common Stock which are the subject of this lawsuit
and as to which the plaintiffs have asked the Circuit Court to enforce the
contract to purchase, the Reporting Persons have no present intention of
purchasing any additional shares of Common Stock.

On November 6, 2001, a lawsuit styled Community Bancshares, Inc. and
Community Bank v. Bryan A. Corr, Sr., Doris S. Corr, individually and as
Executrix of the Estate of R.C. Corr, Jr., deceased, Tina M. Corr, Corr, Inc.
f/k/a Oneonta Telephone Company, Inc., George Melvin Barnett, Michael A. Bean,
Michael W. Alred, R. Wayne Washam, M. Lewis Benson, Doris E. Benson, John M.
Packard, Jr., and Andy Mann, Civil Action No. CV-01-N-2835-S, was filed in the
United States District Court for the Northern District of Alabama, Southern
Division. As reported in the Issuer's Quarterly Report on Form 10-Q for the

CUSIP NO. 20343H 10 6 13D, AMENDMENT NO. 4 PAGE 12 OF 14 PAGES

Quarterly Period Ended September 30, 2001, the plaintiffs, which consist of the
Issuer and its principal subsidiary, allege in their complaint that the
defendants, which include certain of the Reporting Persons,

have illegally conspired to acquire control of the Company
[i.e., the Issuer] and Community Bank [i.e., the Issuer's
principal subsidiary]. The complaint also alleges that, by
knowingly making false statements and unsupported allegations
to regulatory and law enforcement authorities and in certain
lawsuits ...., the defendants abused the civil legal process
to further their plan to discredit and dislodge the directors
and management of the Company and Community Bank and gain
control of those companies. The complaint further alleges
that certain of the defendants who are former directors
and/or executive officers of Community Bank breached their
fiduciary duties to Community Bank by participating in, and
taking actions in the furtherance of, the conspiracy.
Finally, the complaint alleges that the defendants failed to
make filings which are required by the Federal securities
laws to disclose that the group is acting in concert to
acquire control of the Company.

The defendants in this lawsuit filed a motion to dismiss and the motion is
currently pending.

Given the ongoing investigations and pending litigation involving the
Issuer, its principal subsidiary and certain of its officers and Directors, the
Reporting Persons believe that a change in the Board of Directors and management
of the Issuer is necessary and in the best interests of all the shareholders of
the Issuer. Accordingly, in order to provide the stockholders of the Issuer with
a choice, Corr, Inc. has nominated Bryan A. Corr, Sr. to fill one of the three
or four vacancies on the Board of Directors that may be subject to election at
the Issuer's 2002 Annual Meeting of Stockholders. The Reporting Persons have not
yet determined whether they will take any additional actions with respect to Mr.
Corr's nomination, including the solicitation of proxies in connection
therewith.

On March 7, 2002, The Birmingham News reported that the Issuer's
principal subsidiary, Community Bank, Inc., "is selling a third of its branches
partly because losses and lawsuits have hurt its business and representation in
some towns". According to the newspaper, Community Bank, Inc. has a network of
30 branches with assets of more than $730 million and is selling 10 of those
branches with assets of $125 million. In a companion article on the same day,
The Birmingham News reported that the United States Attorney for the Northern
District of Alabama filed a civil complaint in the United States District Court
for the Northern District of Alabama, Middle Division, on February 12, 2002, to
begin forfeiture proceedings to seize certain assets from the owners of a
construction company targeted in a bank-fraud investigation involving Community
Bank, Inc. being conducted by the Federal Bureau of Investigation ("FBI"). The
U.S. Attorney alleges in the civil complaint that Kennon R. Patterson, Sr., the
Chairman of the Board, Chief Executive Officer and President of the Issuer,
other officials of Community Bank, Inc., and the construction company owners
"were able to take advantage of a lack of oversight and poor internal controls"
by Community Bank, Inc. and that Federal and state law enforcement investigators
have found approximately $2 million paid to the construction company in
violation of Federal law. In the civil complaint, the United States Attorney
alleges that a review of the construction company's records and documents
conducted as part of the FBI's investigation shows a substantial amount of
overbilling by the construction company on certain construction projects of
Community Bank, Inc. during the period January, 1998 through July, 2000, and
that these same documents show virtually no billing by the construction company
with respect to Kennon R. Patterson, Sr.'s personal residence and other
structures located on the surrounding property despite extensive work being
performed during the same time period.

CUSIP NO. 20343H 10 6 13D, AMENDMENT NO. 4 PAGE 13 OF 14 PAGES

The Reporting Persons are concerned that the sale of one-third of the
branches of the Issuer's principal subsidiary may well be based upon improper
and potentially unlawful considerations as opposed to the best interests of the
Company and its stockholders because of the ongoing investigations and pending
litigation involving the Issuer, its principal subsidiary and certain of its
officers and directors. Accordingly, on March 7, 2002, certain of the Reporting
Persons made a statutory request to inspect the books and records of the Issuer
that "relate in any manner to any sales or potential sales of any of the
branches, operations, or offices of Community Bank, Inc. that have occurred ...
or are contemplated to occur". In addition, certain of the Reporting Persons are
in the process of contacting Federal and State regulatory and enforcement
agencies and authorities for the purpose of advising such authorities of their
concerns with respect to these sales.

Except as described in this Item 4, none of the Reporting Persons has
any plans or proposals as of the date hereof that relate to, or would result in,
(i) the acquisition by any person of additional securities of the Issuer or the
disposition of any such securities, (ii) an extraordinary corporate transaction,
such as a merger, reorganization or liquidation, involving the Issuer or any of
its subsidiaries, (iii) a sale or transfer of a material amount of assets of the
Issuer or any of its subsidiaries, (iv) any change in the present Board or
management of the Issuer, including any plans or proposals to change the number
or term of Directors or to fill any existing vacancies on the Board, (v) any
material change in the present capitalization or dividend policy of the Issuer,
(vi) any other material change in the Issuer's business or corporate structure,
(vii) changes in the Issuer's charter or Bylaws or other actions which may
impede the acquisition of control of the Issuer by any person, (viii) causing a
class of securities of the Issuer to be delisted from any national securities
exchange or to cease to be authorized to be quoted in an inter-dealer quotation
system of a registered national securities association, (ix) causing a class of
equity securities of the Issuer to become eligible for termination of
registration pursuant to Section 12 (g)(4) of the Exchange Act, or (x) any
action similar to any of those enumerated in clauses (i) through (ix) above.

ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.

(a), (b) The Reporting Persons beneficially own an aggregate of 383,981
shares of Common Stock, constituting approximately 8.3% of the shares of Common
Stock reported by the Issuer as being outstanding on October 31, 2001. Schedule
II, which is attached hereto and incorporated herein by reference, sets forth
certain information with respect to the shares of Common Stock owned by each
Reporting Person and the power of each Reporting Person to vote or to dispose of
the shares of Common Stock owned by such Reporting Person. Each Reporting Person
disclaims beneficial ownership of the shares of Common Stock beneficially owned
by each of the other Reporting Persons except to the extent reflected in the
notes to Schedule II.

(d) No person other than the Reporting Persons has the right to
receive or the power to direct the receipt of dividends from, or the proceeds
from the sale of, the shares of Common Stock beneficially owned by the Reporting
Persons.

(e) Not applicable.

ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH
RESPECT TO SECURITIES OF THE ISSUER.

There are no other contracts, arrangements, understandings or
relationships (legal or otherwise) to which any of the Reporting Persons is a
party with respect to any shares of Common Stock, except those discussed in
Items 4 and 5 of this Amendment No. 4, which discussions are hereby incorporated
herein by reference.

ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.

1. Complaint styled R. C. Corr, Jr; Doris S. Corr; Bryan A. Corr,
Sr.; Tina M. Corr; Joan M. Currier; John David Currier; and Corr, Inc. f/k/a
Oneonta Telephone Company, Inc. v. Kennon R. Patterson, Sr.; Kennon R.
Patterson, Jr.; Glynn Debter; Stacey Mann; Merritt Robbins; Bishop K. Walker,
Jr.; Roy B. Jackson; Loy McGruder; Robert O. Summerford; Denny G. Kelly; Jimmie
Trotter; John J. Lewis, Jr.; Hodge Patterson; Edward Ferguson; Community
Bancshares, Inc.; Community Bank, Inc., et al., Civil Action No. CV-00-216-OHJ,
filed on September 14, 2000, in the Circuit Court of Blount County, Alabama.

CUSIP NO. 20343H 10 6 13D, AMENDMENT NO. 4 PAGE 14 OF 14 PAGES

SIGNATURES

After reasonable inquiry and to the best of his, her or its knowledge
and belief, each of the Reporting Persons does hereby certify that the
information set forth in this Amendment No. 4 is true, complete and correct.

Dated: March 12, 2002.

DORIS S. CORR
-------------------------------------
Doris S. Corr

BRYAN A. CORR, SR.
-------------------------------------
Bryan A. Corr, Sr.

TINA M. CORR
-------------------------------------
Tina M. Corr

JOAN M. CURRIER
-------------------------------------
Joan M. Currier

JOHN DAVID CURRIER, SR.
-------------------------------------
John David Currier, Sr.

CHRISTY C. CHANDLER
-------------------------------------
Christy C. Chandler

JOHN DAVID CURRIER, JR.
-------------------------------------
John David Currier, Jr.

CORR, INC.
(f/k/a Oneonta Telephone Company, Inc.)

By: BRYAN A. CORR, SR.
-------------------------------------
Bryan A. Corr, Sr.
Its President and
Chief Executive Officer

SCHEDULE I

INFORMATION RELATING TO REPORTING PERSONS

Principal Business Address
of Corporation
or Organization in
Name and Business Present Principal Which Principal
or Residence Address of Occupation of Occupation of Reporting
Reporting Person Reporting Person Person is Conducted
--------------------------- ----------------------------------- --------------------------

Doris S. Corr (1) Vice President, Secretary, 600 Third Avenue East
600 Third Avenue East Treasurer and a Director - Oneonta, Alabama 35121
Oneonta, Alabama 35121 Corr, Inc. (4)

Bryan A. Corr, Sr. (1) (2) President, Chief Executive Officer, 600 Third Avenue East
600 Third Avenue East and a Director - Oneonta, Alabama 35121
Oneonta, Alabama 35121 Corr, Inc. (4)
Employee - Corr Wireless
Communications, LLC (5)

Tina M. Corr (2) Employee - Corr Wireless 600 Third Avenue East
600 Third Avenue East Communications, LLC (5) Oneonta, Alabama 35121
Oneonta, Alabama 35121

Joan M. Currier (1) (3) President, Secretary, Treasurer, a 100 Fourth Avenue West
100 Fourth Avenue West Director and an Employee - Comfort Oneonta, Alabama 35121
Oneonta, Alabama 35121 Lifestyles, Inc. (6)

John David Currier, Sr. (3) President, Secretary, Treasurer, a 100 Fourth Avenue West
100 Fourth Avenue West Director and an Employee - Currier Oneonta, Alabama 35121
Oneonta, Alabama 35121 Asset Management, Inc. (7)

Christy C. Chandler (3) Employee - Shelby County Board 5640 Cahaba Valley Road
100 Fourth Avenue West of Education Birmingham, Alabama 35242
Oneonta, Alabama 35121

John David Currier, Jr. (3) Full-time student - Foy Student Union
100 Fourth Avenue West Auburn University Auburn, Alabama 36830
Oneonta, Alabama 35121

Corr, Inc. (4) 600 Third Avenue East
(f/k/a Oneonta Telephone Oneonta, Alabama 35121
Company, Inc.)
600 Third Avenue East
Oneonta, Alabama 35121

--------------

(1) Bryan A. Corr, Sr. and Joan M. Currier are the children of R. C. Corr,
Jr., who died on June 22, 2001, and Doris S. Corr.

(2) Bryan A. Corr, Sr. and Tina M. Corr are spouses.

(3) Joan M. Currier and John David Currier, Sr. are spouses. Christy C.
Chandler and John David Currier, Jr. are the children of Joan M.
Currier and John David Currier, Sr.

(4) All of the outstanding shares of Corr, Inc., an Alabama corporation
(f/k/a Oneonta Telephone Company, Inc.), are held by Doris S. Corr,
individually and as personal representative of the Estate of R. C.
Corr, Jr., and Bryan A. Corr, Sr., Doris S. Corr and Bryan A. Corr, Sr.
serve Corr, Inc. in the positions indicated in this Schedule I. Corr,
Inc. has no other officers or Directors. Corr, Inc. is the holding
company of CWC (as hereinafter defined).

(5) Corr Wireless Communications, LLC ("CWC"), an Alabama limited liability
company (f/k/a North Alabama Cellular, LLC and CorrComm, LLC), is a
wholly owned subsidiary of Corr, Inc. The principal business of CWC is
operating, acquiring, constructing and disposing of cellular telephone
systems in north Alabama.

(6) The principal business of Comfort Lifestyles, Inc. is the operation of
a domiciliary in Oneonta, Alabama.

(7) The principal business of Currier Asset Management, Inc. is the
operation of a golf course located in Oneonta, Alabama.

I-2

SCHEDULE II

INFORMATION RELATING TO BENEFICIAL OWNERSHIP OF
SHARES OF COMMON STOCK OF THE ISSUER
BY THE REPORTING PERSONS

Number and
Percentage of
Shares of Number of Shares of Number of Shares of
Common Stock Common Stock With Common Stock With
Beneficially Owned Respect to Which the Respect to Which the
------------------------------ Reporting Person Has Reporting Person Has
Name of Sole Voting and Shared Voting and
Reporting Person Number Percentage(1) Dispositive Power Dispositive Power
---------------------------------- ---------- ------------- -------------------- --------------------

Doris S. Corr 311,718(2)(3) 6.8% 160,356 151,362
Bryan A. Corr, Sr. 192,205(4) 4.2% 14 192,191
Tina M. Corr 40,829(5) * -- 40,829
Joan M. Currier 7,880(6) * -- 7,880
John David Currier, Sr. 7,880(7) * -- 7,880
Christy C. Chandler 10,454 * 10,454 --
John David Currier, Jr. 10,454 * 10,454 --
Corr, Inc. 120,000 2.6% -- 120,000
(f/k/a Oneonta Telephone
Company, Inc.)
Doris S. Corr, Bryan A. Corr, Sr., 381,349 8.3% 10,468 370,881
Tina M. Corr, Joan M. Currier,
John David Currier, Sr., Christy
C. Chandler, John David Currier,
Jr. and Corr, Inc. as a Group

--------------

(1) Percentages are determined on the basis of 4,608,691 shares of Common
Stock reported by the Issuer as being outstanding on October 31, 2001.

(2) Includes (i) 10,454 shares held as Co-custodian with Bryan A. Corr, Sr.
for her minor granddaughter, Lauren M. Corr, (ii) 10,454 shares held as
Co-custodian with Bryan A. Corr, Sr. for her minor granddaughter, Kelly
B. Corr, (iii) 10,454 shares held as Co-custodian with Bryan A. Corr,
Sr. for her minor grandson, Bryan A. Corr, Jr., and (iv) 120,000 shares
held by Corr, Inc. (f/k/a Oneonta Telephone Company, Inc.).

(3) Does not include 100,000 shares of Common Stock that are the subject of
a lawsuit now styled Doris Corr, individually and as Personal
Representative of the Estate of R.C. Corr, Jr., v. Hugh Don Camp, Sr.,
Don T. Camp, Community Bancshares, Inc., Community Bank, Inc., Kennon
R. Patterson, Sr., Denny G. Kelly, Bishop K. Walker, et al., Civil
Action No. CV-00-260-OHJ, which was filed in the Circuit Court of
Blount County, Alabama on October 13, 2000. In this lawsuit, the
plaintiffs allege that the defendants, which consist of Hugh Don Camp,
Sr., his son, the Issuer, its principal subsidiary and certain of its
officers and Directors, breached or induced Hugh Don Camp, Sr. to

breach a contract between him and the plaintiffs for the purchase of
100,000 shares of Common Stock owned by him, and that the defendants
entered into an illegal conspiracy to tortiously interfere with such
contract. All of the shares of Common Stock to have been purchased in
this transaction were to have been held of record by R.C. Corr, Jr. and
Doris S. Corr, as joint tenants with right of survivorship, but Doris
S. Corr, individually and as personal representative of the Estate of
R.C. Corr, Jr., does not beneficially own any of such shares of Common
Stock presently.

(4) Includes (i) 40,829 shares held with Tina M. Corr as a joint tenant
with right of survivorship and (ii) 10,454 shares held as Co-custodian
with Doris S. Corr for his minor daughter, Lauren M. Corr, (iii) 10,454
shares held as Co-custodian with Doris S. Corr for his minor daughter,
Kelly B. Corr, (iv) 10,454 shares held as Co-custodian with Doris S.
Corr for his minor son, Bryan A. Corr, Jr., and (v) 120,000 shares held
by Corr, Inc.

(5) Held with Bryan A. Corr, Sr. as a joint tenant with right of
survivorship.

(6) Held with John David Currier, Sr. as a joint tenant with right of
survivorship.

(7) Held with Joan M. Currier as a joint tenant with right of survivorship.

* Less than 1%.

II-2