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Forward-Looking Statements

Certain statements contained herein are "forward looking statements" within the meaning of federal and state securities laws, including Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are generally identified by use of the words "believe," "expect," "intend," "anticipate," "estimate," "project," "pro forma," or similar expressions, or future or conditional verbs, such as "will," "would," "should," "could," or "may." These forward-looking statements are based on current beliefs and expectations of Palmetto Citizens' management or Southern Bank's management, respectively, which each management team believes to be reasonable as of the date of this press release. These forward-looking statements are inherently subject to significant business, economic, regulatory and competitive uncertainties and contingencies, many of which are beyond the control of Palmetto Citizens or Southern Bank. In addition, these forward-looking statements are subject to assumptions with respect to future business strategies and decisions that are subject to change. Actual results may differ materially from those set forth in or implied by the forward-looking statements as a result of numerous factors, and depend on the Palmetto Citizens' and Southern Bank's ability to close the transaction in a timely manner and to realize the anticipated benefits of the transaction. ...

 

The transaction is subject to regulatory approval and other conditions. The actual amount of deposits that are acquired under the agreement is subject to change prior to closing. Targeted financial benefits are subject to significant uncertainty, and Palmetto Citizens' expected benefits of the transaction may be affected or offset by other conditions related to Palmetto Citizens' operation. You should not place undue reliance on forward-looking statements, which reflect expectations only as of the date of this release. Neither Palmetto Citizens nor Southern Bank undertake any obligation to update any forward-looking statement, except as otherwise required by law.