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                                                                    EXHIBIT 31.1
I, Robert C. White certify that:

     1.   I have reviewed this annual report on Form 10-KSB of Wake Forest
          Bancshares, Inc.;

     2.   Based on my knowledge, this report does not contain any untrue
          statement of a material fact or omit to state a material fact
          necessary to make the statements made, in light of the circumstances
          under which such statements were made, not misleading with respect to
          the period covered by this report;

     3.   Based on my knowledge, the financial statements, and other financial
          information included in this report, fairly present in all material
          respects the financial condition, results of operations and cash flows
          of the registrant as of, and for, the periods presented in this
          report;

     4.   I am responsible for establishing and maintaining disclosure controls
          and procedures (as defined in Exchange Act Rules 13a-15(e) and
          15d-15(e)) for the small business issuer and have:

          (a)  Designed such disclosure controls and procedures, or caused such
               disclosure controls and procedures to be designed under our
               supervision, to ensure that material information relating to the
               small business issuer, including its consolidated subsidiaries,
               is made known to me by others within those entities, particularly
               during the period in which this report is being prepared;

          (b)  Evaluated the effectiveness of the small business issuer's
               disclosure controls and procedures and presented in this report
               my conclusions about the effectiveness of the disclosure controls
               and procedures, as of the end of the period covered by this
               report based on such evaluation; and

          (c)  Disclosed in this report any change in the small business
               issuer's internal control over financial reporting that occurred
               during the registrant's most recent fiscal quarter (the small
               business issuer's fourth quarter in the case of an annual report)
               that has materially affected, or is reasonably likely to
               materially affect, the issuer's internal control over financial
               reporting; and

     5.   I have disclosed, based on my most recent evaluation of internal
          control over financial reporting, to small business issuer's auditors
          and the audit committee of the registrant's board of directors (or
          persons performing the equivalent functions):

          (a)  All significant deficiencies and material weaknesses in the
               design or operation of internal control over financial reporting
               which are reasonably likely to adversely affect the small
               business issuer's ability to record, process, summarize and
               report financial information; and

          (b)  Any fraud, whether or not material, that involves management or
               other employees who have a significant role in the small business
               issuer's internal control over financial reporting.



Date:  December 21, 2006    /s/ Robert C. White
                            -------------------
                            Robert C. White
                            President and Chief Executive Officer and Principal
                            Executive and Financial Officer