Item 8.01 Other Events.

On August 1, 2012, Pioneer Bankshares, Inc. (the "Company") executed two stock purchase transactions relating to the repurchase of the Company's common stock. One transaction was entered into with Mr. Richard T. Spurzem with respect to 1,000 shares of the Company's common stock at a per share purchase price of $19.95; the second transaction was entered into with Sandbox, LLC, a company affiliated with Mr. Spurzem, with respect to 400 shares at a per share purchase price of $19.95. The aggregate purchase price for these stock repurchase transactions was $27,930. These transactions were executed pursuant to previously disclosed Stock Purchase Agreements, as reported on Form 8-K and filed with the Securities and Exchange Commission on July 2, 2012. These stock repurchases are considered to be the final transactions as authorized under the terms of the stock purchase agreements previously referenced.

It is the Company's intent to retire all such shares obtained in conjunction with these repurchase transactions.

---