Beach First National Announces Expansion to Hilton Head Island

Jan 14, 2003, 00:00 ET from Beach First National Bank

    MYRTLE BEACH, S.C., Jan. 14 /PRNewswire-FirstCall/ -- Beach First National
 Bank (OTC Bulletin Board:   BFNB) today announced that it will open a new
 office, the bank's fourth, on Hilton Head Island in February.  The office will
 be located in Pineland Station Office Center, at the intersection of Mathews
 Drive and William Hilton Parkway.  Paul Walter, a Hilton Head banking veteran,
 has been named vice president and regional executive.
     Walt Standish, Beach First National president and chief executive officer,
 said, "We are pleased to make Hilton Head Island our first location outside
 the Grand Strand.  We were able to find an excellent local management team and
 a centrally located, newly remodeled office.  Local management and local
 decision making have always been at the heart of Beach First National's
 banking philosophy.  Now we will bring that brand of community banking to
 Hilton Head area residents and small businesses.
     "During our planning, we were excited about the reception we received from
 area residents.  We are in the process of establishing a local board of
 directors and expect to make an announcement about its membership in a few
 weeks," Standish said.
     Several staff members have been hired in anticipation of the new office's
 opening.  Paul Walter will serve as regional executive for the Hilton Head
 area, while Stephanie Loudner has been appointed assistant vice president and
 branch manager and Sherese Bailey, loan assistant.  Other customer service and
 teller positions will be filled shortly.
     Paul Walter has eight years of banking experience in the Hilton
 Head/Bluffton area with 10 years overall banking experience in management and
 lending to consumer and small business clients.  He was previously with Bank
 of America in Hilton Head and Bluffton.  Walter graduated from Wofford College
 with a B.A. degree in business economics in 1992.
     Stephanie Loudner continued her banking career in the Hilton Head area two
 years ago after relocating from Dayton, Ohio.  She has served in management
 and focused on consumer lending, including home mortgages.  Loudner is a
 graduate of Wright State University (Dayton, Ohio) with a B.A. degree in
     Sherese Bailey was most recently with Carolina First.  Her service with
 local banks has included roles as teller, sales support associate, and
 consumer and commercial loan assistant.  She has lived in the Beaufort County
 area for 24 years.  Bailey is a graduate of South Carolina State University
 with a B.A. degree in business.
     Beach First National Bank is a $103.4 million financial institution
 headquartered in Myrtle Beach.  The bank operates additional offices in
 Surfside Beach and North Myrtle Beach.  Beach First National offers a full
 line of banking products and services.  The company's stock trades under the
 symbol BFNB.
     CONTACT:  Paul R. Walter, +1-843-342-8866, or Barbara W. Marshall,
 +1-843-839-0272, both of Beach First National Bank

SOURCE Beach First National Bank