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 1030, 2012

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
£	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)
£	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 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))
£	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Page 2

Section 8 – Other Events

Item 8

Other Events

~~The~~ On ~~Board~~April 24, 2012, Highlands Bankshares, Inc. (the “Company”) filed a Form 15 terminating the registration of ~~Directors~~the Company’s Common Stock under Section 12(g) of ~~Highlands~~the ~~Bankshares,~~Securities Exchange Act of 1934 (the “Exchange Act”). The Company is relying ~~Inc~~on Section 12(g)(4) of the Exchange Act, atas ~~its~~amended ~~regularly~~by ~~scheduled~~the ~~meeting~~Jumpstart ~~held~~Our ~~April~~Business 10Startups Act, ~~2012~~to ~~declared~~terminate aits ~~dividend~~duty with respect to its class of 10shares ~~cents~~of ~~per~~common ~~share~~stock. ~~This~~Accordingly, ~~dividend~~the isSection 12(g) ~~payable~~registration will be terminated 90 days after onthe ~~May~~filing 11of the Form 15, ~~2012~~whereupon tothe ~~shareholders~~Company will have no further reporting obligations under the Exchange Act. Until the date of ~~record~~termination, ~~April~~the 30Company is required to file all reports required by the Exchange Act Sections 13(a), ~~2012~~14 and 16.

Furnished as Exhibit 99.1 and incorporated herein by reference is a letter issued by the Company to its shareholders.

Section 9 – Financial Statements and Exhibits

Item 9.01

Financial Statements and Exhibits

(c)

Exhibits

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 10, 2012
April 30, 2012

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