March 11, 2011

Approval of the proposal by The Goldman Sachs Group

For immediate release

The Federal Reserve Board on Friday announced its approval of the proposal by The Goldman Sachs Group, Inc., New York, New York, to retain 9.8 percent of the voting shares of Avenue Financial Holdings, Inc. ("Holdings") and indirectly retain voting shares of Holdings' wholly owned subsidiary bank, Avenue Bank, both of Nashville, Tennessee. 

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

Last Update: March 11, 2011