Carolina Alliance Bank Opens Commercial Lending Office

Carolina Alliance Bank Opens Commercial Lending Office New office located at 201 Henry Place

SPARTANBURG, S.C. (July 27, 2007) – Carolina Alliance Bank (OTCBB: CRLN.OB) President and Chief Executive Officer John Poole today announced the move of the bank’s commercial lending department from 102 W. Henry Street to 201 Henry Place (off E. Henry Street) in downtown Spartanburg.

The new office houses the bank’s expanding commercial banking team. The bank opened in January and is now operating from three temporary offices in downtown Spartanburg while its headquarters are under construction at 200 South Church Street.

“While we prefer to all be under one roof, it is a good sign that we have ‘outgrown’ our current location. We are very excited about already having a need for a separate office for our commercial lending team,” Poole said. “We recently added five new commercial banking officers (Pat Crowley, Harold McGaha, Bobby Scruggs, Janice Addington, and Gail Crocker) and they, along with our existing commercial staff, are now located at the new office.”

Poole said the location of the Commercial Lending Office was selected principally because of its close proximity to the bank’s other offices.

“With its central location we feel it will be convenient for our business customers, which is important to us,” he said. “Of course this office space is temporary. When we move into our headquarters our commercial lending staff will be with us in the same building.”

The Commercial Lending Office will be open Monday-Friday from 8:30 a.m.-5 p.m., and its phone number is (864) 208-0838.

Carolina Alliance’s main office has the following hours of operation - Lobby: Monday- Thursday: 9 a.m.-5 p.m.; Friday 9 a.m.-6 p.m., and Drive-Thru: Monday-Thursday 8:30 a.m.-5:30 p.m.; Friday 8:30 a.m.-6 p.m.

For additional information about Carolina Alliance please call (864) 208-BANK (2265) or visit www.carolinaalliancebank.com.

ABOUT CAROLINA ALLIANCE BANK Carolina Alliance Bank serves the banking needs of citizens primarily in Spartanburg County. The full-service bank offers a variety of financial services with an emphasis on consumers and the small- to mid-sized business markets. The bank is led by veteran bankers and a Board of Directors who are very active in the Spartanburg community. The Board includes: Chairman Robert A. Harley; Charles E. Atchison; Andrew M. Babb; Vollie C. “Vic” Bailey, Jr.; James D. Bearden III, MD; Terry L. Cash; Norman H. Chapman; T. Alexander Evins; Caleb C. Fort; Marsha H. Gibbs; Samuel H. Maw, Jr.; D. Byrd Miller III; John S. Poole (President and Chief Executive Officer); R. Lamar Simpson (Executive Vice President and Chief Financial Officer); L. Terrell Sovey; and W. Lewis White, Sr.