Approval of proposal by Sandhills Bancshares to become a bank holding company

The following press release was published by the Board of Governors of the Federal Reserve System on Oct. 1, 2009. It is reproduced in full below.

The Federal Reserve Board on Thursday announced its approval of the proposal by Sandhills Bancshares, Inc. to become a bank holding company and to acquire all the voting shares of TransPecos Banks-Iraan, both of Iraan, Texas.

Attached is the Board's Order relating to this action.

Source: Board of Governors of the Federal Reserve System