Decisions on Bank Applications

Barbour County Bank

FEDERAL DEPOSIT INSURANCE CORPORATION

Re: Barbour County Bank Eufaula, Barbour County, Alabama

Application For Consent To Conduct An Activity That May Not Be Permissible For A National Bank

STATEMENT

Pursuant to the provisions of section 24 of the Federal Deposit Insurance Act, an application has been filed with the Federal Deposit Insurance Corporation ("FDIC") by Barbour County Bank, Eufaula, Alabama ("Bank"). The application requests the FDIC's consent to hold two life insurance policies on a former director and officer of the Bank. The policies total $545,000.

The Bank, which meets the definition of "well capitalized" within the meaning of Part 325 of the FDIC's Rules and Regulations, is in compliance with applicable capital standards. In addition, the 'level of the activity to be conducted and the manner in which the Bank will conduct the activity do not appear to pose a significant risk to the applicable deposit insurance fund.

Accordingly, based upon careful evaluation of all available facts and information, the Director of the Division of Supervision has concluded that approval of the application is warranted.

DIRECTOR
DIVISION OF SUPERVISION