May 23, 2006
Approval of proposal by M&P Community Bancshares, Inc. 401(k) Employee Stock Ownership Plan
For immediate release
The Federal Reserve Board on Tuesday announced its approval of the proposal by M&P Community Bancshares, Inc. 401(k) Employee Stock Ownership Plan, Newport, to become a bank holding company by acquiring an additional 1.63 percent, for a total of 26.58 percent, of the voting shares of M&P Community Bancshares, Inc., Newport, and its subsidiaries, Merchants & Planters Bank, Newport, and Greers Ferry Lake State Bank, Heber Springs, all of Arkansas.
Attached is the Board's Order relating to this action.