Comsouth Bankshares, Inc.

Comsouth Bankshares, Inc., is a bank holding company, offering variety of financial services to individuals and commercial customers. The two wholly owned subsidiaries of the company are Bank of Columbia and Bank of Charleston providing commercial banking services and are located in Columbia and Charleston. The banks provides loans directly to individuals for various purposes, including purchase of automobiles, home improvements, education and personal investments. Commercial loans are made both to individuals and small and mid-sized businesses. The banks also provide safe deposit boxes, travelers checks, debit card services, direct deposit of payroll and social security checks, and automatic drafts for various accounts. Interest and fees on loans accounted for 72% of 1997 revenues; other interest income, 16% and non-interest income, 12%.