Highlands Bankshares, Inc. (OTCMKTS:HLND) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

Highlands Bankshares, Inc. (OTCMKTS:HLND) 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.

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Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On July 18, 2017, the Company’s Board of Directors (the “Board”) elected Charles D. Meade, III to the Company’s Board, effective immediately. On July 19, 2017, the Company issued a press release, attached hereto as Exhibit 99.1, announcing Mr. Meade's election.

Mr.Meade will receive customary fees from the Company for serving as a director in accordance with the policies described in the Company’s 2017 proxy statement filed with the Securities and Exchange Commission on March31, 2017.

Item 5.02

Financial Statements and Exhibits

(a)

Financial Statements of Businesses Acquired

none

(d) Exhibits.

none


HIGHLANDS BANKSHARES INC /VA/ Exhibit
EX-99 2 pressrelease.htm EXHIBIT 99 Exhibit Highlands Bankshares,…
To view the full exhibit click here

About Highlands Bankshares, Inc. (OTCMKTS:HLND)

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, which offers general retail and commercial banking services to individuals, businesses and local government unit customers. The Bank’s 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; making residential one- to four-family loans, owner occupied and non-owner occupied commercial real estate loans, second mortgages and equity lines, consumer loans, commercial and industrial loans, credit cards and agricultural loans; offering letters of credit; providing other consumer financial services, such as automatic funds transfer, collections, safe deposit, travelers checks and savings bond sales, and providing other miscellaneous services.

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