October 26, 2010

Approval of proposal by SKBHC Holdings

For immediate release

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.

Last Update: October 26, 2010