FOR IMMEDIATE RELEASE:

May 28, 2004

New Employee Announcements - Greenville, SC

Rick C. Farr has recently joined Arthur State Bank as Vice President and Branch Manager at the office on
N. Pleasantburg Drive. He will handle the branch managerial duties in addition to originating commercial and consumer loans and building deposit relationships. Farr, a Greenville native and Furman alumnus, has over
20 years banking experience in the upstate. Rick has served the upstate community in various roles including Loaned Executive with United Way of Greenville. He has also served on several boards including four years
with Anderson County Meals on Wheels. Rick can be reached at 864-282-2440 or
rfarr@arthurstatebank.com.

Robert M. Lowery has recently joined Arthur State Bank as Vice President & Commercial Loan Officer.
His office will be at the branch on N. Pleasantburg Drive. He has 16 years of banking experience and will
focus on developing commercial relationships. Mike is a native of Greenville and a resident of Greer. He has
been involved with various community organizations including Meals on Wheels, United Way and different
Chamber of Commerce events. Mike can be reached at 864-282-2421 or mlowery@arthurstatebank.com.

For more information, please visit our website www.arthurstatebank.com or contact Jason Land at
864-253-4290 or
jland@arthurstatebank.com.

Arthur State Bank – Member FDIC, Equal Housing Lender