UNITED STATES OF AMERICA BEFORE THEWritten Agreement • July 12th, 2010
Contract Type FiledJuly 12th, 2010WHEREAS, in recognition of their common goal to maintain the financial soundness of Waccamaw Bankshares, Inc., Whiteville, North Carolina, (“Bankshares”), a registered bank holding company, and its subsidiary bank, Waccamaw Bank, Whiteville, North Carolina (the “Bank”), a state-chartered bank that is a member of the Federal Reserve System, Bankshares, the Bank, the Federal Reserve Bank of Richmond (the “Reserve Bank”), and the State of North Carolina, Office of the Commissioner of Banks (the “Commissioner”) have mutually agreed to