Shares First National Bancshares, Inc. Common Stock par value $0.01 per share Underwriting AgreementUnderwriting Agreement • September 13th, 2005 • First National Bancshares Inc /Sc/ • National commercial banks • New York
First National Bancshares, Inc., a South Carolina corporation (the “Company”), and The South Financial Group, Inc., a South Carolina corporation (the “Selling Shareholder”), propose, subject to the terms and conditions stated herein, to issue and sell to Sandler O’Neill & Partners, L.P. (the “Underwriter”), an aggregate of shares (the “Firm Shares”) of the common stock, par value $0.01 per share (“Stock”) of the Company. In addition, at the election of the Underwriter, the Company proposes, subject to the terms and conditions stated herein, to issue and sell to the Underwriter up to additional shares (the “Optional Shares”) of Stock (the Firm Shares and the Optional Shares that the Underwriter elects to purchase pursuant to Section 2 hereof being collectively called the “Shares”). Of the Firm Shares, are being sold by the Company and 86,000 are being sold by the Selling Shareholder.
