FNB Bancshares Inc.

FNB Bancshares, Inc. was acquired by American Community Bancshares, Inc. in April 2004. FNB Bancshares, prior to the acquisition, operated as the holding company for First National Bank of the Carolinas, which provided banking services principally in Cherokee county, South Carolina. The bank’s deposit services included checking accounts, NOW accounts, savings accounts, and other time deposits of various types. It also offered real estate, commercial, and consumer loans. In addition, the bank’s investment portfolio included U.S. government agencies, mortgage-backed securities, and municipal securities. Further, its other banking services comprised cash management, safe deposit boxes, travelers checks, direct deposit of payroll and social security checks, brokerage, telephone banking, and automatic drafts for various accounts. FNB Bancshares was incorporated in 1995 and is based in Gaffney, South Carolina.