8-K

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)  October 24, 2008

Southern Community Financial Corporation

North Carolina	000-33227	56-2270620
(State of Incorporation)	(Commission File Number)	(I.R.S. Employer
		Identification No.)

4605 Country Club Road, Winston-Salem, North Carolina	27104
(Address of principal executive offices)	(Zip Code)

Issuer's telephone number: (336) 768-8500

_________________________

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))

Item 8.01 Other Events.

On October 24, 2008, Southern Community Financial Corporation issued a press release announcing that its Board of Directors, at its regular meeting on October 22, 2008, declared a quarterly cash dividend of four cents ($0.04) per share on the Corporation’s common stock. The dividend is payable November 28, 2008, to shareholders of record as of the close of business on November 14, 2008. A copy of the press release is attached hereto as Exhibit 99.1.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

99.1 Press release dated October 24, 2008

Signatures

Pursuant to the requirements of the Securities Exchange Act of 1934, Southern Community Financial Corporation has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	Southern Community Financial Corporation
October 24, 2008	By: /s/ James Hastings
	Name: James Hastings
	Title: Executive Vice President and Chief Financial Officer

EX-99.1

PRESS RELEASE

FOR IMMEDIATE RELEASE

Southern Community Financial Corporation Announces

Quarterly Cash Dividend of $0.04 Per Share

Winston-Salem, North Carolina, October 24, 2008 - Southern Community Financial Corporation(Nasdaq: SCMF and SCMFO) announced that its Board of Directors, at its regular meeting on October 22, 2008, declared a quarterly cash dividend of four cents ($0.04) per share on the Corporation’s common stock. The dividend is payable on November 28, 2008, to shareholders of record as of the close of business on November 14, 2008. This is the Corporation’s fifteenth consecutive quarterly dividend, following its former practice of annual cash dividends.

About the Company

Southern Community Financial Corporation is headquartered in Winston-Salem, North Carolina and is the holding company of Southern Community Bank and Trust, a community bank with twenty-two banking offices throughout North Carolina.

Southern Community Financial Corporation’s common stock and trust preferred securities are listed on The NASDAQ Global Select Market under the trading symbols SCMF and SCMFO, respectively. Additional information about Southern Community Financial is available on its website at www.smallenoughtocare.com or by email at investor.relations@smallenoughtocare.com.

For Additional Information:

F. Scott Bauer, Chairman/CEO

James Hastings, Executive Vice President/Chief Financial Officer

336-768-8500