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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549



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FORM 10-Q/A

(Amendment No. 1)



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|x | QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
|- | ---------------------------------------------------------------------------------

For the quarterly period ended March 31, 2007

OR



| ̈ | TRANSITIONAL REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
|- | ------------------------------------------------------------------------------------

For the transition period from  to
.

COMMISSION FILE NUMBER 000-30517



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AMERICAN COMMUNITY BANCSHARES,
INC.

(Exact name of registrant as specified in its charter)



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|                                                               |  |                                     
|-------------------------------------------------------------- |  | ------------------------------------
|NORTH CAROLINA                                                 |  | 56-2179531                          
|(State or Other Jurisdiction of Incorporation or Organization) |  | (I.R.S. Employer Identification No.)

4500 CAMERON VALLEY PARKWAY, SUITE 150

CHARLOTTE, NORTH CAROLINA 28211

(Address of Principal Executive Offices)

(704) 225-8444

(Registrants Telephone number, including area code)



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Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934
during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    x  Yes ̈No

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, or a non-accelerated filer. See definition of accelerated filer
and large accelerated filer in Rule 12b-2 of the Exchange Act. (Check one):

Large accelerated filer ̈Accelerated filer  x    Non-accelerated
filer ̈

Indicate by check mark whether
the registrant is a shell company (as defined in Rule 12b-2 of the Act). ̈Yes    x  No

As of May 1, 2007, 7,020,343 shares of the issuers common stock, $1.00 par value, were
outstanding.



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EXPLANATORY NOTE:

This Amendment No. 1 to Form 10-Q for the quarter ended March 31, 2007 has been filed by American Community Bancshares, Inc. (the Company) to update the certifications of the Companys
Principal Executive Officer and Principal Accounting Officer pursuant to Section 302 of the Sarbanes Oxley Act to correct the inadvertent omission of required language in paragraph 4.

ITEM 15  EXHIBITS AND FINANCIAL STATEMENT SCHEDULES



| | (a) | Index to Exhibits
| | --- | -----------------



|              |  |                                                                                                                 
|------------- |  | ----------------------------------------------------------------------------------------------------------------
|Exhibitnumber |  | Description of Exhibit                                                                                          
|31(i)         |  | Certification of Principal Executive Officer Pursuant to Section 302 of the Sarbanes Oxley Act (Filed herewith) 
|              | 
|31(ii)        |  | Certification of Principal Accounting Officer Pursuant to Section 302 of the Sarbanes Oxley Act (Filed herewith)



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SIGNATURES

In accordance with Section 13 or 15(d) of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.



|             |  |  |  |                                      
|------------ |  |  |  | -------------------------------------
|June 8, 2007 |  |  |  | /s/ Randy P. Helton                  
|             |  |  |  | Randy P. Helton                      
|             |  |  |  | President and Chief Executive Officer



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Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, this report has been signed below by the
following persons on behalf of the Registrant and in the capacities and on the dates indicated.



|                                                                 |  |  |  |             
|---------------------------------------------------------------- |  |  |  | ------------
|/s/ Randy P. Helton                                              |  |  |  | June 8, 2007
|Randy P. Helton, President, Chief Executive Officer and
Director |  |  |  |             
|                                                                 |  | 
|/s/ Dan R. Ellis, Jr.                                            |  |  |  | June 8, 2007
|Dan R. Ellis, Jr., Chief Financial Officer                       |  |  |  |             
|                                                                 |  | 
|/s/ Frank L. Gentry                                              |  |  |  | June 8, 2007
|Frank L. Gentry, Director                                        |  |  |  |             
|                                                                 |  | 
|/s/ Philip R. Gilboy                                             |  |  |  | June 8, 2007
|Phil R. Gilboy, Director                                         |  |  |  |             
|                                                                 |  | 
|/s/ David J. Guilford                                            |  |  |  | June 8, 2007
|David J. Guilford, Director                                      |  |  |  |             
|                                                                 |  | 
|/s/ Larry S. Helms                                               |  |  |  | June 8, 2007
|Larry S. Helms, Director                                         |  |  |  |             
|                                                                 |  | 
|/s/ Alison J. Smith                                              |  |  |  | June 8, 2007
|Alison J. Smith, Director                                        |  |  |  |             
|                                                                 |  | 
|/s/ David D. Whitley                                             |  |  |  | June 8, 2007
|David D. Whitley, Director                                       |  |  |  |             
|                                                                 |  | 
|/s/ Gregory N. Wylie                                             |  |  |  | June 8, 2007
|Gregory N. Wylie, Director                                       |  |  |  |