September 10, 2009

Written agreement with Tennessee State Bancshares and Tennessee State Bank

For immediate release

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.

Last Update: September 10, 2009