UNITED STATES
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): ~~June~~ August 1513, 2009

The Bank Holdings

(Exact name of registrant as specified in its charter)

Nevada	000-50645	90-0071778
(State or other jurisdiction	(Commission	(I.R.S. Employer
of incorporation)	File Number)	Identification No.)

9990 Double R. Blvd., Reno, Nevada		89521
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code: 775.853.8600

Not Applicable Former name or former address, if changed since last report

Former name or former address, if changed since last report

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:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

~~o Soliciting material~~Item ~~pursuant~~1.02 toTermination ~~Rule 14a-12~~of ~~under~~a ~~the~~Material ~~Exchange~~Definitive ~~Act (17 CFR 240.14a-12)~~Agreement

~~o Pre-commencement~~Effective August 13, ~~communications~~2009, ~~pursuant~~each toof ~~Rule 14d-2~~Edward Allison, Edward Coppin, Keith Capurro and Marybel Batjer, Directors and Jack Buchold, Hal Giomi, David Funk, Joe Bourdeau and Robin Orr, executives (bcollectively “Participants”) of The Bank Holdings (“Company”), entered into a Release and Waiver (“Agreement”) in connection with a distribution and payment under the ~~Exchange~~Company’s Executive ~~Act~~Nonqualified Excess Plan (17“Plan”). The Company believes that the Plan may have ~~CFR~~fallen ~~240~~out of compliance with IRS regulations as early as January 1, 2009 and based thereon, the Company decided to terminate the Plan, and distribute contributions previously made by the individual participants.~~14d~~ Under the Agreement, each individual received a distribution of his or her account balance under the Plan that is other than grandfathered for purposes of being covered by Section 409A of the Internal Revenue Code of 1986, as amended, in consideration for releasing the Company and Nevada Security Bank from any liability for the termination of the Plan and the distribution and payment of the non-~~2(b))~~grandfathered portion, including the Participant’s liability for any excise taxes or interest under Section 409A of the Internal Revenue Code of 1986, as amended, for any failure to withhold federal income taxes, and any related interest or penalties. Each of their spouses, where applicable, consented to the Agreement. The execution of the Agreement by all of the participants in the Plan completes the termination of the Plan. A copy of the form of the Agreement is attached as an Exhibit hereto.

~~o Pre-commencement communications~~Item ~~pursuant~~9.01. toFinancial ~~Rule 13e-4(c) under~~Statements ~~the~~and ~~Exchange Act (17 CFR 240~~Exhibits.~~13e-4(c))~~

~~Item 8.01: Other Events~~(d) Exhibits

The Bank Holdings (the “Company”) has elected to defer regularly scheduled interest payments on the Company’s outstanding $20.6 million of junior subordinated debentures relating to its outstanding trust preferred securities (the “Securities”). The terms of the Securities and the trust documents allow the Company to defer payments of interest for up to 20 consecutive quarterly periods without default. During the deferral period, the respective trusts will likewise suspend the declaration and payment of dividends on the trust preferred securities. The decision to defer payments is based upon the current challenging economic conditions, allowing the Company to temporarily retain these funds. This deferral will allow the Company to preserve liquidity, and the ability to exercise such an option was an important factor in the Company’s original decision to issue this type of securities.

Exhibit No.		Description of Document

10.1		Form of Release and Waiver

The deferral election began with respect to regularly scheduled quarterly interest payments that would otherwise have been made June 15 of this year. The Company sent appropriate notices to the trustees under each of the respective indentures. The Company has the ability under the Securities to continue to defer interest payments through ongoing, appropriate notices to each of the trustees.2

SIGNATURES

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.

	The Bank Holdings
July 22, 2009	By:	/s/ Jack Buchold
August 13, 2009	By:	/s/ Jack B. Buchold
		Name: Jack Buchold
		Name: Jack B. Buchold
		Title: Chief Financial Officer

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