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BankMeridian Expands to Spartanburg

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Columbia, SC, October 18, 2006 - BankMeridian, headquartered in Columbia, SC, has received regulatory approval to open a loan production office in Spartanburg, SC. BankMeridian currently has two locations in the state, one in Columbia and another on Hilton Head Island. BankMeridian opened in May, 2006 as the bank with the largest de novo capitalization in the history of South Carolina. As of September 30th, BankMeridian had assets of $79 million.

Brian Murdoch, a native of Spartanburg, will lead BankMeridian’s Upstate expansion as Regional President. Brian has 12 years banking experience in the Spartanburg market. “The growing Upstate market is a natural fit for BankMeridian’s high touch relationship business model, and I look forward to continuing to serve the community,” states Brian.

BankMeridian is a full-service bank with a primary focus on providing superior service for small to mid-size businesses and professionals. According to Ashley Houser, BankMeridian President and CEO, “The Spartanburg loan production office marks our first expansion since opening earlier this year. We felt that the Upstate offered the perfect environment for long- term success, and we are pleased to serve this new market. Brian Murdoch is an outstanding banker, and the ideal person to lead us in this area of South Carolina.”

FOR MORE INFORMATION CONTACT:
Janice C. Burt
BankMeridian
Chief Marketing Officer
(803) 753-7707