Company name Highlands Bankshares, Inc.
Stock symbol HLND
Status Under Investigation

NEW YORK, September 25, 2019 – Bragar Eagel & Squire, P.C. is investigating potential claims against the board of directors of Highlands Bankshares, Inc. (NASDAQ: HLND) on behalf of Highlands shareholders concerning the proposed merger with First Community Bankshares, Inc.

Pursuant to the proposed transaction, announced on September 11, 2019 and valued at $91 million, Highlands shareholders will receive 0.2703 shares of First Community common stock for each share of Highlands common stock owned.  The investigation focuses on whether Highlands and its board of directors violated the federal securities laws and/or breached their fiduciary duties to the Company’s shareholders by failing to conduct a fair process and whether and by how much the proposed transaction undervalues the Company.

If you own Highlands shares, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Alexandra Raymond by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.

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