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 12, 2011
 
 
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))

 

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Item 8     Other Events

     The Board of Directors of Highlands Bankshares, Inc, at its regularly scheduled meeting held April 12, 2011 declared a dividend of 20 cents per share. This dividend is payable on May 13, 2011 to shareholders of record May 2, 2011.

     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 12, 2011