December 18, 2006

Approval of proposal by AFNB Holdings

For immediate release

The Federal Reserve Board on Monday announced its approval of the application under section 3 of the Bank Holding Company Act by AFNB Holdings, Inc. to become a bank holding company and acquire all the voting shares of American First National Bank, both of Houston, Texas.

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

Last Update: December 18, 2006