Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements with Certain Officers

On April 27, 2009, the Registrant's Board of Directors, based on the recommendation of its Compensation Committee, adjusted the salaries of Frank B. Holding, Jr. and Edward L. Willingham, IV to reflect the election on February 25, 2009, of Mr. Holding as Registrant's Chairman of the Board and Mr. Willingham as Registrant's President. Effective May 1, 2009, Mr. Holding's annual salary will be $850,000 and Mr. Willingham's annual salary will be $550,000.

Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year

On April 27, 2009, the Registrant's Board of Directors approved amendments to Registrant's bylaws to clarify the roles and responsibilities of the various officers of the Registrant and establish priorities and succession in the event of the absence or disability of one or more of its officers. The amendments became effective upon approval by the Board. A complete copy of the Registrant's bylaws, as amended, is attached as Exhibit 3.2 to this Report and is incorporated by reference into this Report.

Item 9.01. Financial Statements and Exhibits.

(c) Exhibits. The following exhibit is being filed with this Report:

Exhibit No. Exhibit Description
3.2 Bylaws of Registrant, as amended

Disclosures About Forward Looking Statements

The discussions included in this Report and its exhibits may contain forward looking statements within the meaning of the Private Securities Litigation Act of 1995, including Section 21E of the Securities Exchange Act of 1934 and
Section 27A of the Securities Act of 1933. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results to differ materially. For the purposes of these discussions, any statements that are not statements of historical fact may be deemed to be forward looking statements. Such statements are often characterized by the use of qualifying words such as "expects," "anticipates," "believes," "estimates," "plans," "projects," or other statements concerning opinions or judgments of the Registrant and its management about future events. The accuracy of such forward looking statements could be affected by such factors as, including but not limited to, the financial success or changing conditions or strategies of the Registrant's customers or vendors, fluctuations in interest rates, actions of government regulators, the availability of capital and personnel or general economic conditions.

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