UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13D/A

Under the Securities Exchange Act of 1934

Amendment No. 2

City National Bancshares Corporation

(Name of Issuer)

Common Stock

(Title of Class of Securities)

178002101

(CUSIP Number)

Preston D. Pinkett, III
900 Broad Street

Newark, NJ 07102
Telephone: (973) 624-0865

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

June 19, 2012

(Date of Event Which Requires Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. o

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties to whom copies are to be sent.

* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

Item 5. Interest in Securities of the Issuer.

(a)– (b) Mr. Pinkett’s beneficial ownership (including shares of Common Stock as to which he has sole dispositive power and sole voting power) increased from 14,998 shares of Common Stock as of May 19, 2012 (reported on the Schedule 13D/A Amendment No. 1, amended hereby, filed May 21, 2012 (the “Last Filing”)) to 16,697 shares of Common Stock as of June 19, 2012 (including, in each case, 3,288 shares of Common Stock vesting within 60 days of said date). Mr. Pinkett’s 11.3% beneficial ownership represents a 1% increase from amounts reported on the Last Filing. The increase stems from additional shares to which Mr. Pinkett became entitled under his Employment Agreement dated as of November 1, 2011 (the “Employment Agreement”) during the period from May 19, 2012 to June 19, 2012. The percentage calculations in this Schedule 13D/A are based on 144,705 shares of the Common Stock deemed outstanding, as of June 19, 2012 (prior to adjustments mandated by Rule 13d-3 of the Exchange Act). As of June 19, 2012, the Issuer has not issued all of the shares of Common Stock to which Mr. Pinkett is entitled as of such date under his Employment Agreement, and Mr. Pinkett cannot vote unissued shares of Common Stock until such issuance takes place (although such shares of Common Stock are included in the 144,705 shares deemed outstanding for purposes of this Schedule 13D).

(c) Pursuant to the Employment Agreement, Mr. Pinkett is entitled to acquire 20,000 shares of the Common Stock over a twelve month period, which period commenced November 1, 2011. Prior to entering into the Employment Agreement, Mr. Pinkett owned 697 shares of Common Stock. Mr. Pinkett’s beneficial ownership as of May 19, 2012 was 10.3% and as of June 19, 2012 Mr. Pinkett’s beneficial ownership increased by 1% to a 11.3% beneficial ownership.

(d)-(e) not applicable.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Dated: June 19, 2012