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<SEC-DOCUMENT>0000909654-08-000534.txt : 20080318
<SEC-HEADER>0000909654-08-000534.hdr.sgml : 20080318
<ACCEPTANCE-DATETIME>20080318133852
ACCESSION NUMBER:		0000909654-08-000534
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20080318
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20080318
DATE AS OF CHANGE:		20080318

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BV Financial, Inc.
		CENTRAL INDEX KEY:			0001302387
		STANDARD INDUSTRIAL CLASSIFICATION:	SAVINGS INSTITUTION, FEDERALLY CHARTERED [6035]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			X1
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-51014
		FILM NUMBER:		08695734

	BUSINESS ADDRESS:	
		STREET 1:		1230 LIGHT STREET
		CITY:			BALTIMORE
		STATE:			MD
		ZIP:			21230
		BUSINESS PHONE:		410-477-5000

	MAIL ADDRESS:	
		STREET 1:		7114 NORTH POINT ROAD
		CITY:			BALTIMORE
		STATE:			MD
		ZIP:			21219
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>bvfinancial8kmar18-08.txt
<TEXT>
<PAGE> 1


                                  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 18, 2008

                               BV FINANCIAL, INC.
             (Exact name of registrant as specified in its charter)

         United States                    0-51014              14-1920944
         -------------                    -------              ----------
(State or other jurisdiction of         (Commission           (IRS Employer
incorporation or organization)          File Number)        Identification No.)

                7114 North Point Road, Baltimore, Maryland 21219
                ------------------------------------------------
               (Address of principal executive offices) (Zip Code)

                                 (410) 477-5000
                                 --------------
              (Registrant's telephone number, including area code)

                                 Not Applicable
                                 --------------
          (Former name or former address, if changed since last report)



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))

<PAGE> 2

ITEM 2.02       RESULTS OF OPERATIONS AND FINANCIAL CONDITION.
                ---------------------------------------------

         On March 18, 2008, BV Financial Inc., the holding company for
Bay-Vanguard Federal Savings Bank, announced that it has added $111,075 to its
allowance for loan losses related to a $1.0 million construction loan. For more
information, reference is made to BV Financial's press release dated March 18,
2008, a copy of which is attached to this Report as Exhibit 99.1 and is
furnished herewith.

ITEM 9.01       FINANCIAL STATEMENTS AND EXHIBITS.
                ---------------------------------

         (a)    Financial Statements of Businesses Acquired: Not applicable

         (b)    Pro Forma Financial Information: Not applicable

         (c)    Shell Company Transactions: Not Applicable

         (d)    Exhibits

                Number                    Description
                ------                    -----------

                99.1                      Press Release Dated March 18, 2008



<PAGE> 3


                                   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.


                                        BV FINANCIAL, INC.




Date:  March 18, 2008                   By: /s/ Edmund T. Leonard
                                            ------------------------------------
                                            Edmund T. Leonard
                                            Chairman of the Board and Chief
                                            Financial Officer

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>bvfinancialexb99mar18-08.txt
<TEXT>
                                                                    EXHIBIT 99.1


PRESS RELEASE                                          FOR IMMEDIATE RELEASE
                                                       Contact:
                                                       -------
                                                       Edmund T. Leonard
                                                       Chairman of the Board and
                                                         Chief Financial Officer
                                                       (410) 547-1088


                         BV FINANCIAL, INC. TO INCREASE
                            ALLOWANCE FOR LOAN LOSSES

         MARCH 18, 2008, Baltimore, Maryland - BV Financial, Inc. (the
"Company") (OTCBB: BVFL), the parent company of Bay-Vanguard Federal Savings
Bank, today announced that it has added $111,075 to its allowance for loan
losses related to a $1.0 million construction loan in which the repayment by the
borrower was conditioned on the sale of the completed properties. While the
borrower is current on his payments, the inability of the borrower to
successfully sell the properties in the foreseeable future has caused the loan
to be downgraded and the additional reserve to be recognized.

         Edmund T. Leonard, Chairman of the Board and Chief Financial Officer of
the Company, stated, "The downturn in the economy has affected our local
markets, resulting in a slowdown in residential real estate sales, which has
negatively impacted developers. We are diligently working to address any asset
quality concerns, including working with borrowers and boosting our allowance
for loan losses when appropriate to ensure we are well positioned for any losses
that we may incur."

         BV Financial, Inc. is the parent company of Bay-Vanguard Federal
Savings Bank. Bay-Vanguard Federal Savings Bank is headquartered in Baltimore,
Maryland with four other branches in the Baltimore metropolitan area. The Bank
is a full service community-oriented financial institution dedicated to serving
the financial service needs of consumers and businesses within its market area.

         THIS NEWS RELEASE MAY CONTAIN FORWARD-LOOKING STATEMENTS ABOUT BV
FINANCIAL, INC., WHICH THE COMPANY INTENDS TO BE COVERED UNDER THE SAFE HARBOR
PROVISIONS CONTAINED IN THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995.
STATEMENTS THAT ARE NOT HISTORICAL OR CURRENT FACTS, INCLUDING STATEMENTS ABOUT
BELIEFS AND EXPECTATIONS, ARE FORWARD-LOOKING STATEMENTS. THESE FORWARD-LOOKING
STATEMENTS COVER, AMONG OTHER THINGS, ANTICIPATED FUTURE REVENUE AND EXPENSES
AND THE FUTURE PLANS AND PROSPECTS OF THE COMPANY. THESE STATEMENTS OFTEN
INCLUDE THE WORDS "MAY," "COULD," "WOULD," "SHOULD," "BELIEVES," "EXPECTS,"
"ANTICIPATES," "ESTIMATES," "INTENDS," "PLANS," "TARGETS," "POTENTIALLY,"
"PROBABLY," "PROJECTS," "OUTLOOK" OR SIMILAR EXPRESSIONS. YOU ARE CAUTIONED THAT
FORWARD-LOOKING STATEMENTS INVOLVE UNCERTAINTIES, AND IMPORTANT FACTORS COULD
CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE ANTICIPATED, INCLUDING
CHANGES IN GENERAL BUSINESS AND ECONOMIC CONDITIONS, CHANGES IN INTEREST RATES,
LEGAL AND REGULATORY DEVELOPMENTS, INCREASED COMPETITION FROM BOTH BANKS AND
NON-BANKS, CHANGES IN CUSTOMER BEHAVIOR AND PREFERENCES, AND EFFECTS OF CRITICAL
ACCOUNTING POLICIES AND JUDGMENTS. FOR DISCUSSION OF THESE AND OTHER RISKS THAT
MAY CAUSE ACTUAL RESULTS TO DIFFER FROM EXPECTATIONS, REFER TO OUR ANNUAL REPORT
ON FORM 10-KSB AND OUR QUARTERLY REPORTS ON FORM 10-QSB ON FILE WITH THE SEC,
INCLUDING THE SECTIONS ENTITLED "RISK FACTORS." THESE RISKS AND UNCERTAINTIES
SHOULD BE CONSIDERED IN EVALUATING FORWARD-LOOKING STATEMENTS AND UNDUE RELIANCE
SHOULD NOT BE PLACED ON SUCH STATEMENTS. FORWARD-LOOKING STATEMENTS SPEAK ONLY
AS OF THE DATE THEY ARE MADE, AND THE COMPANY UNDERTAKES NO OBLIGATION TO UPDATE
THEM IN LIGHT OF NEW INFORMATION OR FUTURE EVENTS.
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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