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Community Bankshares, Inc. (CBI or the Corporation) is a South Carolina
corporation and a bank holding company. CBI commenced operations on July 1,
1993, upon effectiveness of the acquisition of the Orangeburg National Bank as a
wholly-owned subsidiary. In June 1996 CBI acquired all the stock of Sumter
National Bank. In July 1998 CBI acquired all the stock of Florence National
Bank. In July 2002 CBI acquired by merger Ridgeway Bancshares, Inc., the parent
company of the former Bank of Ridgeway.
Orangeburg National Bank was chartered in 1987 as a national bank, and
operated from two offices located in Orangeburg, South Carolina. Sumter National
Bank (the Sumter bank), a national bank, was chartered in 1996 and operated from
two offices located in Sumter, South Carolina. Florence National Bank (the
Florence bank), a national bank, was chartered in 1998 and operated from two
offices located in Florence, South Carolina.
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