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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.

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Date:  December 23, 2004            /s/ Robert C. White
                                    -------------------
                                    Robert C. White
                                    President and Chief Executive Officer and
                                    Principal Executive and Financial Officer