July 20, 2009

Written agreement with PAB Bankshares and The Park Avenue Bank

For immediate release

The Federal Reserve Board on Monday announced the execution of a Written Agreement by and among PAB Bankshares, Inc., a registered bank holding company, The Park Avenue Bank, a state chartered member bank, both of Valdosta, Georgia, the Federal Reserve Bank of Atlanta, and the Banking Commissioner of the State of Georgia.

A copy of the Written Agreement is attached.

Last Update: July 20, 2009