Written agreement with Waccamaw Bankshares and Waccamaw Bank

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Written agreement with Waccamaw Bankshares and Waccamaw Bank

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The following press release was published by the Board of Governors of the Federal Reserve System on June 22, 2010. It is reproduced in full below.

The Federal Reserve Board on Tuesday announced the execution of a Written Agreement by and among Waccamaw Bankshares, Inc., Whiteville, North Carolina, a registered bank holding company, its subsidiary bank, Waccamaw Bank, Whiteville, North Carolina, a state-chartered member bank, the Federal Reserve Bank of Richmond, and the State of North Carolina, Office of the Commissioner of Banks.

A copy of the Written Agreement is attached.

Source: Board of Governors of the Federal Reserve System

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