VALDOSTA, Ga., Oct. 27, 2009 (GLOBE NEWSWIRE) -- PAB Bankshares, Inc. (Nasdaq:PABK), the parent company for The Park Avenue Bank, has delayed the scheduled announcement of its consolidated financial results for the three months ended September 30, 2009. Based on a recent examination, the Company is in discussions with its banking regulators regarding its analysis of the Allowance for Loan Losses. The Company will announce at a later date when the financial results will be made available. The conference call and webcast to discuss the Company's quarterly financial results that was previously scheduled for 10:00 AM Eastern on October 28, 2009 will also be rescheduled and announced at a later date.
About PAB
The Company is a $1.26 billion bank holding company headquartered in Valdosta, Georgia, and its sole operating subsidiary is The Park Avenue Bank. Founded in 1956, the Bank operates through 18 branch offices and two loan production offices in 13 counties in Georgia and Florida. Additional information on the Bank's locations and the products and services offered by the Bank is available on the Internet at www.parkavebank.com. The Company's common stock is listed on the NASDAQ Global Select Market under the symbol PABK. More information on the Company is available on the Internet at www.pabbankshares.com.