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        <Explanation>115/S of Community Capital Bank stock were donated to the Arts Council for the Emerald Triangle Project major building renovations in 2006. Community Capial Bank was purchased by Park Sterling Bank. 115/S of CCB converted to 76/S of Park Sterling Bank with a decrease in value. At the time of conversion this decreased the value by 1,843 per new stock certificate.</Explanation>
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      <GeneralExplanation>
        <Explanation>Form 990 Part VI Section B Line 15a, 15b Key employees are reviewed by Executive Director and salary compensation is recommended to the Board for approval Executive Director salary and increases decided by Executive Committe of Board</Explanation>
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