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BankMeridian, N.A. Reports Record Growth in First Year

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Columbia, SC, May 22, 2007 - BankMeridian, a full-service, relationship-driven bank is pleased to announce that it celebrated its one-year anniversary on May 18, 2007 with unprecedented growth. Today the bank is pleased to report assets of $178.8 million, with $134.6 million in loans and $136.0 million in deposits.

This phenomenal growth marks the third milestone for the bank. Before opening in May 2006, BankMeridian raised more than $31.5 million in capital to become the largest de novo bank capitalization in South Carolina history. After only six months in operation, the bank had reached $100 million in assets, an accomplishment a third of South Carolina’s banks have yet to reach.

“Response to our business model of high-touch, relationship banking has been overwhelmingly positive,”
said Ashley Houser,
President and CEO of BankMeridian.
“We are continually raising the bar on personal service, to give our customers the individual attention they expect and deserve.”

BankMeridian Board Chairman Tom Peeples said the outlook for future growth looks excellent. “We are encouraged by the opportunities that exist in our business and the progress we are making,” said Peeples. “We will remain true to our core values, our vision and our mission in order to maintain our success long-term.”

Bank Meridian currently has three locations in South Carolina. The bank is headquartered in its Columbia office at 1320 Main Street in the Meridian Building. The bank has a location at 1036 William Hilton Parkway on Hilton Head Island and a loan production office at 104 N. Daniel Morgan Avenue in Spartanburg.