Written agreement with Tennessee State Bancshares and Tennessee State Bank

The following press release was published by the Board of Governors of the Federal Reserve System on Sept. 10, 2009. It is reproduced in full below.

The Federal Reserve Board on Thursday announced the execution of a Written Agreement by and among Tennessee State Bancshares, Inc., Pigeon Forge, Tennessee, a registered bank holding company, Tennessee State Bank, Pigeon Forge, Tennessee, a state member bank, and the Federal Reserve Bank of Atlanta.

A copy of the Written Agreement is attached.

Source: Board of Governors of the Federal Reserve System