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 14, 2004

                       COMMERCIAL BANKSHARES, INC.

         (Exact name of Registrant as specified in its charter)

                FLORIDA                33-67254        65-0050176

    (State or other jurisdiction     (Commission     (IRS Employer)
  of incorporation or organization)   File Number)  Identification No.)

         1550 S.W. 57th Avenue, Miami, Florida            33144

       (Address of principal executive offices)        (Zip Code)

Registrant's Telephone Number, including area code  (305) 267-1200

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 14, 2004 Commercial Bankshares, Inc., the parent holding company 
of Commercial Bank of Florida, announced a stock repurchase plan whereby up 
to $4 million can be used to buy shares of Commercial Bankshares, Inc. common 
stock in open market and negotiated transactions during the next 24 months.  
This represents approximately 5% of the Company's $73 million in shareholders' 
equity as of September 30, 2004.

Item 9.01.  Financial Statements and Exhibits.

A copy of the press release announcing the stock repurchase plan is attached 
hereto as Exhibit 99.1.


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 thereunto duly authorized.

Commercial Bankshares, Inc.

 /s/ Barbara E. Reed

Senior Vice President &
Chief Financial Officer

Date:  October 15, 2004


Exhibit 99.1  Press Release of Commercial Bankshares, Inc., dated October 14, 

                             STOCK REPURCHASE PLAN

Miami-based Commercial Bankshares, Inc., (Nasdaq:  CBLK)  parent of Commercial 
Bank of Florida, announced that it has adopted a stock repurchase plan, which 
allows the Company to repurchase shares of its own stock in open market and 
negotiated transactions during the next 24 months.

Mr. Joseph W. Armaly, Chairman of Commercial Bankshares, Inc., stated that 
the Company will consider the purchase of up to $4,000,000 in shares for the 
purpose of enhancing shareholder value.

Commercial Bankshares, Inc.'s wholly owned subsidiary, Commercial Bank of 
Florida, currently operates fourteen branches in Miami-Dade and Broward 
counties.  Commercial Bank of Florida is a state chartered, FDIC insured, 
Federal Reserve member commercial bank with approximately $865 million in 
assets.  The Company's stock is traded on Nasdaq under the symbol CLBK.

Statements contained in this release, which are not historical facts, may be 
considered forward-looking statements as defined in the Private Securities 
Litigation Reform Act of 1995.  Such forward-looking statements are subject to 
risks and uncertainties which could cause actual results to differ materially 
from those currently anticipated due to a number of factors which include 
without limitation the effects of future economic conditions, governmental 
fiscal and monetary policies, legislative and regulatory changes, changes in 
the interest rates, the effects of competition, and other factors that could 
cause actual results to differ materially as discussed further in documents 
filed by the Company with the Securities and Exchange Commission from time 
to time.

Contact:	Barbara E. Reed, Senior Vice President and CFO
		Commercial Bankshares, Inc. (305) 267-1200