FOR IMMEDIATE RELEASE

June 21, 2010

Contact: John Poole, (864) 208-2265

Carolina Alliance Bank Board Elects Chairman & Vice Chairman

SPARTANBURG, S.C. (June 21, 2010) The Board of Directors of Carolina Alliance Bank (OTCBB: CRLN.OB) recently elected Robert A. Harley as board chairman and Terry L. Cash as board vice chairman.

Mr. Harley is an original director and organizer of Carolina Alliance. He has served as board chair since the Bank’s inception. He has been active in banking for more than 37 years and has been an organizer of two previous Spartanburg-based banks: Spartanburg Bank and Trust and Carolina Southern Bank. In addition, Mr. Harley served as the chairman and CEO of the Harley Corporation, a publicly held company, from 1972-82. After its sale to Union Camp Corporation, Mr. Harley was the general manager of the Union Camp/Harley Bag Division from 1982 until his retirement in 1985.
Mr. Harley is very active in the Spartanburg community and has held numerous leadership roles. He currently serves as the director emeritus of the Spartanburg Regional Healthcare System Foundation, a board on which he’s served since its inception in 1991. He was a founder and organizer of the Carolina Country Club and served on the board of directors of the Spartanburg Country Club. He also is on the board of directors for the Epworth Orphanage in Columbia.
Mr. Harley graduated from Spartanburg High School and attended the Georgia Institute of Technology.

An original director and organizer of Carolina Alliance Bank, Mr. Cash is the president and chief executive officer of the Caman Group, Inc., which specializes in private investments in real estate, long-term care facilities and pharmacies. Mr. Cash is a registered pharmacist in both South Carolina and North Carolina. He serves as the chairperson of the Spartanburg Regional Healthcare System Board of Directors, board member of the JM Smith Corporation and chairman of the VSP Foundation. He also is on the board of governors of the Spartanburg Area Chamber of Commerce, and is a board member of the USC Upstate Foundation.
Mr. Cash received his B.S. degree in pharmacy studies from the University of South Carolina. In addition, he was awarded the 1999 State of South Carolina Health and Human Services Leadership in Aging Award, and was named both the 1999 State of South Carolina Ambassador for Economic Development and the 2001 Spartanburg County Health Planning Department Volunteer of the Year.
About Carolina Alliance Bank:
Carolina Alliance is located at 200 South Church Street, in the heart of downtown Spartanburg.
The Board of Directors of Carolina Alliance includes community leaders from throughout Spartanburg County. They are: Chairman Robert A. Harley; Vice Chairman Terry L. Cash; Charles E. Atchison; Andrew M. Babb; Vollie C. “Vic” Bailey, Jr.; James D. Bearden III, MD; 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.

The bank’s hours of operation are - 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.

Note: Two pictures (Robert Harley, Terry Cash) are included with this release.