Written agreement with PAB Bankshares and The Park Avenue Bank

The following press release was published by the Board of Governors of the Federal Reserve System on July 20, 2009. It is reproduced in full below.

The Federal Reserve Board on Monday announced the execution of a Written Agreement by and among PAB Bankshares, Inc., a registered bank holding company, The Park Avenue Bank, a state chartered member bank, both of Valdosta, Georgia, the Federal Reserve Bank of Atlanta, and the Banking Commissioner of the State of Georgia.

A copy of the Written Agreement is attached.

Source: Board of Governors of the Federal Reserve System