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): April 13, 2010


HIGHLANDS BANKSHARES, INC.
(Exact name of registrant as specified in its charter)

West Virginia
0-16761
55-0650793
(State or other jurisdiction of
(Commission File Number)
(I.R.S. Employer
Incorporation or organization
 
Identification No.)


P.O. Box 929
 
Petersburg, WV
26847
(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))
 
 
 
 

 
 

 
Page 2

Item 8              Other Events

The Board of Directors of Highlands Bankshares, Inc, at its regularly scheduled meeting held April 13, 2010 declared a dividend of 27 cents per share. This dividend is payable on May 14, 2010 to shareholders of record May 3, 2010.

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.

 
HIGHLANDS BANKSHARES, INC.
 
(Registrant)
   
 
/s/Jeffrey B. Reedy
 
Jeffrey B. Reedy, Chief Financial Officer
   
April 13, 2010