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 9, 2007

                      CITY NATIONAL BANCSHARES CORPORATION
               (Exact name of registrant as specified in charter)

  State of New Jersey                0-11535              22-2434751
  (State or other jurisdiction       (Commission          (I.R.S. Employer
  of incorporation)                  File Number)         Identification Number)

                   900 Broad Street, Newark, New Jersey 07102
               (Address of principal executive offices) (zip code)

       Registrant's telephone number, including area code: (973) 624-0865

      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))


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<PAGE>

Item 8.01. Other Events.

      On March 9, 2007, City National Bank of New Jersey ("CNB"), a wholly-owned
national  banking  subsidiary  of  City  National  Bancshares  Corporation  (the
"Corporation"),  completed the acquisition of certain assets, and the assumption
of certain liabilities,  of the Sun National Bank ("Sun") branch located at 1701
Market Street,  Philadelphia,  Pennsylvania 19103 (the  "Philadelphia  Branch"),
pursuant to the terms of a Branch Purchase and Assumption Agreement, dated as of
November  1, 2006,  by and between  CNB and Sun (the  "BPA"),  as amended by the
Amendment to the Branch Purchase Agreement and Assumption Agreement, dated as of
March 8, 2007 (the  "Amendment",  and  collectively  with the BPA, the "Purchase
Agreement").

      As consideration for the purchase and assumption of assets and liabilities
of the Philadelphia  Branch, CNB paid Sun approximately  $9,016,000,  subject to
adjustments  set  forth  in  the  Purchase   Agreement  (the   "Consideration"),
representing the difference  between the amount (a) Sun was obligated to pay CNB
for CNB's assumption of the Philadelphia Branch deposit  liabilities  (including
accrued  interest  thereon),  which  approximated  $11,043,000,  and (b) CNB was
obligated to pay Sun for CNB's purchase of the  Philadelphia  Branch cash, loans
(including premiums thereon), fixed assets,  overdrafts, the lease and leasehold
improvements  and other  pre-paid  expense  reimbursements,  which  approximated
$20,059,000.

      The foregoing summary of the above described  purchase of the Philadelphia
Branch  and the  Purchase  Agreement  is not  intended  to be  complete,  and is
qualified  in its  entirety by  reference  to the  Purchase  Agreement  which is
attached to this Current Report on Form 8-K as Exhibit 10.1 and is  incorporated
by reference into this Item 8.01.

Item 9.01. Financial Statements and Exhibits.

(c)   Exhibits.

      Exhibit
      Number                            Description
      ------                            -----------

      10.1        Branch Purchase and Assumption Agreement, dated as of November
                  1,  2006,  by and  between  City  National  Bank of New Jersey
                  ("CNB") and Sun National Bank ("Sun"), as amended by Amendment
                  to the Branch Purchase and Assumption  Agreement,  dated as of
                  March 8, 2007, by and between CNB and Sun.


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                                   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.

                                            CITY NATIONAL BANCSHARES CORPORATION

Date:  March 14, 2007                       By:  /s/ Edward R. Wright
                                               ---------------------------------
                                                 Edward R. Wright
                                                 Senior Vice President and Chief
                                                 Financial Officer


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                                  EXHIBIT INDEX
                                  -------------

Exhibit
Number                         Description
------                         -----------

10.1        Branch  Purchase and Assumption  Agreement,  dated as of November 1,
            2006, by and between City  National  Bank of New Jersey  ("CNB") and
            Sun  National  Bank  ("Sun"),  as amended by Amendment to the Branch
            Purchase and Assumption Agreement, dated as of March 8, 2007, by and
            between CNB and Sun.


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