Waccamaw Bankshares, Inc.

Waccamaw Bankshares, Inc., is the holding company for Waccamaw Bank, a North Carolina-chartered community bank. Waccamaw is headquartered in Whiteville, North Carolina and conducts its business through sixteen full-service banking offices located in Whiteville, Tabor City, Chadbourn, Elizabethtown, Shallotte (2), Holden Beach, Southport (2), Sunset Beach, Oak Island, and Wilmington, North Carolina and Heath Springs, Conway (2), and Little River, South Carolina. Waccamaw Bank began operations in Whiteville, North Carolina on September 2, 1997 and on June 30, 2001 Waccamaw Bankshares, Inc. acquired all of the outstanding shares of Waccamaw Bank. Waccamaw conducts all of its business activities through its banking subsidiary, Waccamaw Bank. Waccamaw's common stock is traded on the NASDAQ Global Market under the symbol WBNK.