Approval of proposal by SKBHC Holdings

The following press release was published by the Board of Governors of the Federal Reserve System on Oct. 26, 2010. It is reproduced in full below.

The Federal Reserve Board on Tuesday announced its approval of the proposal by SKBHC Holdings LLC, Corona del Mar, California, to become a bank holding company and to acquire all the voting shares of Starbuck Bancshares, Inc. ("Bancshares") and indirectly acquire Bancshares' wholly owned subsidiary bank, The First National Bank of Starbuck, both of Starbuck, Minnesota. Attached is the Board's Order relating to this action.

Source: Board of Governors of the Federal Reserve System