The consolidation of The Affiliated Family of Banks - Arthur State Bank, Carolina State Bank and Pinnacle State Bank has been completed. All 14 branches will now be branded as Arthur State Bank. Through this transaction, Arthur State Bank now holds approximately $360 million in assets and $42 million in stockholders equity.

Arthur State Bank is privately owned and operated and is headquartered in Union, S.C. The bank is celebrating its 70^th year of service.

Arthur State Bank’s Chairman of the Board of Directors is J. Carlisle Oxner, Jr. and the President and CEO is J. Carlisle Oxner, III. Other board members include: Harry A. Oxner, E. John Arthur, Jr., William Dogan Wilson, O. Dennis Campbell, J. Barry Mason, Dr. B.J. Workman, Jr., Charles R. Morris, Jr., Daniel O. Cook, Jr. and Frances O. Jorgenson.