SOUTHERN FINANCIAL CORPORATION AND SOUTHERN BANK

Southern Financial Corporation, Spartanburg, South Carolina is a registered bank holding company incorporated under the laws of South Carolina. The company's wholly owned subsidiary, Southern Bank, has been providing financial services since 1945 and currently operates in 8 locations in the Spartanburg, Greenville, Aiken and Myrtle Beach markets of South Carolina as well as the Sardis, Waynesboro, Hephzibah and Gibson markets of Georgia. Southern Financial Corporation has consolidated assets of approximately $360 million, and its common stock is traded on The OTC Market under the symbol "SFCO."