July 05, 2006

Cease and desist order against Progress Bancshares, Inc.

For immediate release

The Federal Reserve Board on Wednesday announced the issuance of a consent Cease and Desist Order against Progress Bancshares, Inc., Sullivan, Missouri, a registered bank holding company, and its subsidiary bank, Progress Bank of Missouri, Sullivan, Missouri.

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

Last Update: July 05, 2006