Written agreement with Pilot Bancshares and Pilot Bank

The following press release was published by the Board of Governors of the Federal Reserve System on July 14, 2010. It is reproduced in full below.

The Federal Reserve Board on Wednesday announced the execution of a Written Agreement by and among Pilot Bancshares, Inc., Tampa, Florida, a registered bank holding company, Pilot Bank, Tampa, Florida, a state-chartered member bank, the Federal Reserve Bank of Atlanta, and the State of Florida Office of Financial Regulation.

A copy of the Written Agreement is attached.

Source: Board of Governors of the Federal Reserve System