Written agreement with Cherokee Bancshares

The following press release was published by the Board of Governors of the Federal Reserve System on Dec. 22, 2008. It is reproduced in full below.

The Federal Reserve Board on Monday announced the execution of a Written Agreement by and between Cherokee Bancshares, Inc., St. Paul, Minnesota, a registered bank holding company, and the Federal Reserve Bank of Minneapolis.

A copy of the Written Agreement is attached.

Source: Board of Governors of the Federal Reserve System