HIGHLANDS BANKSHARES, INC. (OTCMKTS:HBSI) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

ME Staff 8-k
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HIGHLANDS BANKSHARES, INC. (OTCMKTS:HBSI) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02.

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On December 20, 2016, Clydes B. Kiser, a director of Highlands Bankshares, Inc. (the “Company”), notified the Company of his decision to retire as a director of the Company, effective December 31, 2016.


About HIGHLANDS BANKSHARES, INC. (OTCMKTS:HBSI)

Highlands Bankshares, Inc. is a bank holding company. The Company conducts its business operations through its bank subsidiary, Highlands Union Bank (the Bank). The Bank operates a commercial banking business. The Bank offers general retail and commercial banking services to individuals, businesses and local government unit customers. These products and services include accepting deposits in the form of checking accounts, money market deposit accounts, interest-bearing demand deposit accounts, savings accounts and time deposits. It provides other consumer financial services, such as automatic funds transfer, collections, night depository, safe deposit, travelers checks and savings bond sales, and other miscellaneous services offered by commercial banks. The Bank offers various loans, such as one- to four-family residential real estate lending loans; multifamily residential real estate lending loans; commercial and agricultural lending loans, and consumer lending loans.

HIGHLANDS BANKSHARES, INC. (OTCMKTS:HBSI) Recent Trading Information

HIGHLANDS BANKSHARES, INC. (OTCMKTS:HBSI) closed its last trading session 00.00 at 34.75 with 100 shares trading hands.