Item 2.01 Completion of Acquisition or Disposition of Assets

Effective November 1, 2008, Registrant, and its wholly-owned subsidiary, Community Resource Bank, N.A., merged with and into First Citizens Bank and Trust Company, Inc., Columbia, South Carolina, thereby disposing of all of their assets and ceasing to exist as a separate entity. The transaction was pursuant to an Agreement and Plan of Merger, a copy of which is attached to and described in the Proxy Statement filed by Registrant on September 17, 2008, and is incorporated herein by reference. The nature and amount of consideration is described therein.

Item 9. Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits Exhibit 2 Agreement and Plan of Merger (incorporated by reference to Schedule 14A filed September 17, 2008