SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D. C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): August 23, 2005
HIGHLANDS BANKSHARES, INC.
(Exact name of registrant as specified in its charter)
West Virginia 0-16761 55-0650793
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(State or other jurisdiction of (Commission File Number) (I.R.S. Employer
incorporation or organization) Identification No.)
P. O. Box 929
Petersburg, West Virginia 26847
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (304) 257-4111
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:
___ Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
___ Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
___ Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
___ Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
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Items to Be Included in This Report
Item 1.01 Entry into a Material Definitive Agreement
On August 22, 2005, Highlands Bankshares, Inc. ("Highlands") issued a
news release announcing that it had entered, on August 22, 2005, into a Stock
Purchase Agreement ("Agreement") with The National Bank of Davis ("Davis") to
acquire the outstanding stock of Davis. Furnished as Exhibit 99 and incorporated
herein by reference is the news release issued by Highlands. Furnished as
Exhibit 2 and incorporated herein by reference is the Stock Purchase Agreement.
Item 9.01 Financial Statements and Exhibits
(c) Exhibits
2 Material Definitive Agreement Entered into August 22, 2005
99 Press Release Issued August 23, 2005
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
HIGHLAND BANKSHARES, INC.
(Registrant)
/s/ R. ALAN MILLER
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R. Alan Miller
Finance Officer
August 23, 2005