Written Agreement with Community Bankshares and Community Banks of Colorado

The following press release was published by the Board of Governors of the Federal Reserve System on April 6, 2009. It is reproduced in full below.

The Federal Reserve Board on Monday announced the execution of a Written Agreement by and among Community Bankshares, Inc., a registered bank holding company, Community Banks of Colorado, a state chartered member bank, both of Greenwood Village, Colorado, the Federal Reserve Bank of Kansas City, Kansas, Missouri, and the Colorado Division of Banking, Denver, Colorado.

A copy of the Written Agreement is attached.

Source: Board of Governors of the Federal Reserve System