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                                                                  EXHIBIT 10.8

                      ELECTRONIC DATA PROCESSING AGREEMENT

This Agreement is made and entered into this 12th day of August, 1998 by and
between First Commerce Technologies, Inc, ("FCT"), Lincoln, Nebraska,
hereinafter referred to as Processor, and Southern Community Bancorp,
hereinafter referred to as Client, and supercedes any and all other prior such
Agreements upon the following terms and conditions:

1.       SERVICES.

         Processor will provide to Client the electronic data processing
         services described in attached Addendum A.

2.       FEES AND CHARGES.

         Client agrees to pay processor, via the ACH network on the fifteenth
         day of each month, processing fees as set forth on Addendum B for
         services performed the previous month. Processor, at its option, may
         impose a charge of 1 1/2% per month on account balances not paid by the
         due date. Charges for services performed for the Client by the
         Processor which are not specified in Addendum B will be at a price and
         upon the terms and conditions agreed to by the parties at the time the
         Client requests such services.

         In order to adjust for the effects of inflation, after the first twelve
         months of this Agreement, and semi-annually thereafter, all fees and
         charges reflected in this Agreement will be increased, but not
         decreased, based on changes in the Consumer Price Index for All Urban
         Consumers - Other Goods and Services (the "CPI-U") as published by the
         U.S. Department of Labor, Bureau of Labor Statistics. The first
         adjustment to be made at the beginning of the thirteenth month will be
         equal to the percent of change over the one-year period for the twelve
         consecutive most recent months of information published. This annual
         adjustment will not be less than 4% nor more than 8%. Subsequent
         semi-annual adjustments will reflect the CPI-U change in each
         respective six month period and will not be less than 2% nor more than
         4% in any one period.

         In addition to the charges described above, Client agrees to pay for
         any sales, use, or other tax or charge, levied or assessed upon or as a
         result of the performance of any service pursuant to this Agreement or
         materials furnished with respect to this Agreement, except taxes based
         on Processor's income.

3.       TERM.

         The original term of this Agreement shall be for a period of five (5)
         years beginning on October 1, 1998.

4.       INPUT DATA.


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         Client will provide Processor input data in a format acceptable to or
         designated by Processor. Input data shall be complete and correct, in a
         condition suitable for machine processing and compatible with the data
         processing equipment and programs of Processor. If the data submitted
         by the Client to the Processor are incorrect, incomplete, or not in the
         form designated by Processor, Client will pay processor for any
         additional work performed to correct or complete the data.

         Processor may rely upon any data, information, or instructions provided
         by Client. If any error results from incorrect input supplied by
         Client, Client shall be responsible for discovering and reporting such
         error and supplying the data necessary to correct such error.

5.       DELIVERY  SCHEDULE.

         Client will deliver input data to the Processor as established by
         Addendum C. This schedule will be subject to mutually agreed upon
         changes based upon the need and convenience of the Client and the
         Processor. The priority for processing Client's data will be
         established by Processor in accordance with a policy of providing
         reasonable and efficient delivery of services to all Clients.

6.       CONTACT REPRESENTATIVE.

         Client will designate a qualified individual who will handle all
         relations with the Processor. At the time of the conversion, Processor
         will train the contact representative in the use of the data processing
         system(s).

7.       CONVERSION.

         At the time of conversion, Processor will balance the computer produced
         conversion reports to Client's general books. Client will train other
         personnel and new personnel in the use of the data processing system(s)
         and to balance each computerized report to the Client's general books.

8.       SYSTEM MODIFICATION.

         The Processor will notify the Client of changes in the system which
         affect procedures or reports and require Client to take action with
         respect to such changes. These notifications shall be in the form of
         addenda to the User Manual.

9.       ELECTRONIC TRANSACTIONS.

         Client authorizes Processor to facilitate the origination and receipt
         of transactions to and from the National Automated Clearing House
         Association (ACH). Client shall comply with all rules, regulations, and
         operating procedures of the ACH or its operators as in effect from
         time-to-time and shall enter into all agreements required by the ACH or
         its operators. All entries into the system shall be under the route
         transit identification number of a financial

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         institution to be designated by Client and all clearing and settlement
         for such entries shall be conducted through such Financial institution

10.      LAWS; REGULATIONS.

         Client shall be responsible for determining the applicability of all
         state and federal laws and regulations including, but not limited to,
         laws and regulations governing interest rates, charges, penalties,
         disclosures, timing, applicable law and conflict of laws, and to adopt
         standards, policies, practices and procedures consistent with such laws
         and regulations. Processor assumes no responsibility with respect to
         such determinations and expressly limits its obligation to processing
         data supplied to Client in accordance with this Agreement.

11.      IRS FILING.

         Client represents to Processor that it has complied with all laws,
         regulations, procedures, and requirements in attempting to secure
         correct Tax Identification Numbers (TINs) for Client's payees and
         agrees to attest to this compliance by affidavit provided annually.
         Client authorizes Processor to act as Client's agent and sign on
         Client's behalf any affidavit required by the Internal Revenue Service
         with respect to TINs.

         Client acknowledges that Processor's execution of IRS Affidavits on
         Client's behalf does not relieve Client of responsibility to provide
         accurate TINs or liability for any penalties which may be assessed for
         failure to comply with TIN requirements.

12.      CONFIDENTIALITY.

         Processor shall hold in confidence all information received by it in
         the course of rendering services designated herein relating to the
         Client's assets, liabilities, or the assets, liabilities, business or
         affairs of any of the Client's customers. Processor may disclose Client
         information pursuant to (1) any law of the United States or any state;
         (2) the order of any court or governmental agency; (3) the rules and
         regulations of any governmental agency; (4) any subpoena; or (5) any
         rule of discovery in connection with any civil or criminal action. Upon
         termination Processor shall return to Client all information in its
         possession in whatever form held.

13.      OWNERSHIP.

         All data, documentation, specifications, tapes and programs furnished
         by the Client shall remain the property of the Client. Files,
         documentation and records developed by the Processor from data
         furnished by the Client shall be the property of the Processor and
         shall remain the property of the Processor upon termination of this
         Agreement. All specifications, tapes, and programs, used or developed
         by Processor in connection with this Agreement (except those furnished
         by Client) are and shall remain the sole property of Processor.

14.      RISK OF LOSS.

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         Client will deliver and/or transmit the required input to Processor at
         Client's expense and pay the cost of delivery and/or transmission back
         to Client. Client will maintain source data and other backup media
         sufficient for file and input data recreation in order to mitigate
         against the possibility of loss of input data and Client data
         maintained by Processor.

         Processor will bear the risk of loss with respect to items in its
         custody, but only to the extent of the cost to replace or repair the
         material on which the items or records are recorded.

         Processor will bear no risk of loss for items that are not
         machine-readable, including, but not limited to, mutilated currency,
         food coupons, bond coupons, credit card merchant receipts, and foreign
         checks.

15.      CATASTROPHIC LOSS OR MALFUNCTION.

         Processor will maintain industry acceptable procedures for emergency
         processing in the event of catastrophic hardware loss or malfunction.

16.      INSURANCE.

         Throughout the term of the agreement, Processor shall maintain
         insurance coverage (or shall be self insured) for losses from fire,
         disaster, and other causes contributing to interruption of these
         services. The proceeds of such insurance shall be payable to Processor.
         Nothing in this agreement shall be construed as to permit Client to
         receive any of such proceeds, or to be named as an additional loss
         payee under any insurance policy.

17.      DISCLAIMER OF WARRANTIES.

         PROCESSOR DISCLAIMS ALL WARRANTIES, WHETHER WRITTEN, ORAL,
         EXPRESSED, OR IMPLIED INCLUDING, WITHOUT LIMITING THE GENERALITY
         OF THE FOREGOING, ANY WARRANTY OF MERCHANTABILITY OR FITNESS
         FOR A PARTICULAR PURPOSE.

18.      INDEMNIFICATION.

         Except for losses, liabilities, damages, costs or expenses as might be
         incurred or to which Processor may be subjected by reason of its own
         negligence or willful misconduct, Client agrees to indemnify and hold
         the Processor harmless from all loss, liability, costs, damages and
         expenses (including reasonable attorney's fees) to which Processor may
         be subjected, or which may be incurred in connection with any claim by
         third parties which may arise out of or as a result of this Agreement
         or the performance by Processor of services hereunder.

19.      LIMITATION OF LIABILITY.

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         Processor agrees to perform data processing services herein in a
         commercially reasonable manner, which is similar to the services
         provided by it to its other Clients, and no other or higher degree of
         care. In no event shall the Processor, its employees or agents be
         liable for any failure or delay in processing due to fire, flood, other
         natural catastrophe, the failure of data processing or handling
         equipment, strike or other causes beyond Processor's reasonable
         control. PROCESSOR, ITS AGENTS OR EMPLOYEES WILL IN NO EVENT BE LIABLE
         FOR ANY INDIRECT, INCIDENTAL, OR CONSEQUENTIAL DAMAGES INCURRED BY
         CLIENT INCLUDING, BUT NOT LIMITED TO, LOSS OF INTEREST, LOSS OF INCOME,
         OR LOSS OF BUSINESS OPPORTUNITY REGARDLESS OF WHETHER PROCESSOR WAS
         ADVISED OF THE POSSIBLE OCCURRENCE OF SUCH DAMAGES.

20.      INFORMATION TO THIRD PARTIES.

         Processor will furnish data processing information to such regulatory
         authorities, auditors, or examiners or such other parties as requested
         by Client in writing. Client will pay any fees incurred for producing
         such information.

21.      FINANCIAL INFORMATION.

         Processor shall, upon available to the Client, upon request, an annual
         report on the financial condition of the Processor.

22.      AUDIT.

         Processor shall, upon request, provide Client one (1) copy of the
         report resulting from the third party review by Processor's independent
         certified public accountants. Processor shall, upon request, make
         available for Client's review a current copy of Processor's Disaster
         Recovery Plan. Client (or a Representative of the Client) shall have
         the right to perform additional audit procedures on Processor. Client
         assumes responsibility for all costs associated with the performance of
         Client's additional audit procedures, including expenses incurred by
         Processor related to such procedures.

23.      CONTINUATION AFTER TERM.

         This Agreement shall automatically renew for successive contract terms
         equal to the original term, unless written notice is delivered by
         either Client or Processor to be other at least nine (9) months prior
         to the expiration of the original term hereof or any renewal or
         extension thereof.

24.      EARLY TERMINATION.

         Client may terminate the Agreement before expiration of the original
         term of this Agreement, upon satisfaction of each of the following
         conditions: (a) Client shall have been acquired by another financial
         institution; (b) within six months after it is acquired Client shall
         have

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         notified Processor in writing of its intention to terminate, with such
         notice providing for a termination date not less than one year
         thereafter; and (c) Client shall have paid Processor a fee, which shall
         accompany the foregoing termination notice, equal to 40% of the
         scheduled processing fee which would have been paid from the actual
         termination date through the original term of the Agreement. For any
         portion of the processing fee which may be volume sensitive as set
         forth on Addendum B, the termination charge for such portion shall be
         based on the average processing fee assessed for the three (3) calendar
         months immediately preceding the month of notice. Client may terminate
         the Item Processing Services portion of the Agreement only at any time
         after the first year of service with written notification of its
         intention to terminate, with such notice providing for a termination
         date not less than one year thereafter. Article ( c ) of Paragraph 24
         Early termination shall continue to be in effect.

25.      DEFAULT.

         If Client is in default of any of its obligations hereunder, including
         nonpayment of processing fees, Processor may, at its option and in
         addition to all other remedies, immediately terminate the Agreement as
         to future obligations without further notice.

26.      DISPOSITION OF CLIENT DATA.

         At the expiration of this Agreement, Processor may dispose of any data
         left by Client unless written instructions for disposition, are
         received within ten (10) days of the termination date. Client shall pay
         any expense incurred and disposing of or transferring the data to
         another processor.

27.      USER MANUAL.

         Processor agrees to provide Client with one copy of the User Manual for
         each application. Client agrees to abide by the procedures,
         instructions, and conditions set forth in the User's Manual. Processor
         may periodically amend and/or update the User's Manual, and will
         provide Client with documentation regarding such amendments and
         updates.

28.      YEAR 2000 STATEMENT.

         FCT acknowledges the responsibility for assuring that its active
         systems effectively handle Year 2000 conditions. As such, FCT is making
         the necessary adjustments to appropriate systems to accommodate the
         calendar rollover to the year 2000. In addition, a significant testing
         program is being implemented to ensure that our mission critical
         applications process Year 2000 dates correctly.

29.      MISCELLANEOUS.

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         A.      ADDENDA              All addenda and other schedules or
                                      exhibits attached to or referred to in
                                      this Agreement shall be deemed to be a
                                      part of this Agreement as if fully set
                                      forth.

         B.      NOTICES              All notices required or permitted under
                                      this Agreement shall be given in writing
                                      and shall be deemed given when mailed,
                                      first class, postage prepaid, addressed to
                                      the party at the address set forth in
                                      connection with the party's signature or
                                      such other address as any party shall
                                      provide to the other by notice.

         C.      USE OF SERVICES      Client will use the services provided
                                      under this Agreement only for its own
                                      internal business purposes and will not
                                      sell or otherwise provide, directly or
                                      indirectly, any such services or any
                                      portion thereof to any third party.

         D.      ENTIRE AGREEMENT     This Agreement, together with the Addenda
                                      hereto, constitutes, the entire agreement
                                      between Processor and Client with respect
                                      to the subject matter hereof. There are no
                                      restrictions, promises, warranties,
                                      covenants, or undertakings other than
                                      those expressly set forth herein. This
                                      Agreement supersedes all prior
                                      negotiations, agreements, and undertakings
                                      between the parties with respect to such
                                      subject matter.

IN WITNESS WHEREOF, the parties have entered into this Agreement as of the date
first above written and have executed the Agreement on the date set forth in
connection with their respective signatures.

FIRST COMMERCE TECHNOLOGIES, INC.              SOUTHERN COMMUNITY BANCORP
126 N. 11th  Street, P.O. Box 82414            250 N. Orange Avenue
Lincoln, Nebraska 69508                        Orlando, Florida 32801

Signature: /s/ J. MICHAEL TADLOCK              Signature: /s/ STEPHEN R. JEUCK
          -------------------------                      ----------------------
Print Name: J. Michael Tadlock                 Print Name: Stephen R. Jeuck

Title: Senior Vice President                   Title: Secretary and CFO

Date: August 17, 1998                          Date: August 12, 1998

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                                   ADDENDUM A

This is an Addendum to the Electronic Data Processing Agreement dated August 12,
1998. Processor will provide the following services to client as set forth in
the User's Manual.

STANDARD APPLICATIONS included in the "base fee" on Addendum B:

         Demand Deposit Accounting (DDA)

         Certificates Of Deposit (CDS)

         Individual Retirement Accounting (IRA)

         Loan Accounting System (LAS)

         General Ledger System (GLS)

         Client Services Information (CSI)

         Tax Reporting System (TRS)

         Funds Transfer System (FTS)

         Card Management System (CMS)

         Online input and inquiry transactions

ADDITIONAL APPLICATIONS included on Addendum B:

         Item Processing Services (Schedule A)

         View/Print/Archive Report Software

         Call Report Preparation Software

         PC Teller Software

         Mortgage Loan Accounting (Investor Reporting)

         Image Capture and Statement Preparation Services

         New Account Platform Software (Loans)

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         ACH Origination Software

         FCT Safety Deposit Software

         FTI Fixed Asset Control

         FTI Accounts Payable

         MicroSoft Access

FIRST COMMERCE TECHNOLOGIES, INC.             SOUTHERN COMMUNITY BANCORP
126 N. 11th  Street, P.O. Box 82414           250 N. Orange Avenue
Lincoln, Nebraska 69508                       Orlando, Florida 32801

Signature: /s/ J. MICHAEL TADLOCK             Signature:  /s/ STEPHEN R. JEUCK
          -------------------------                     ----------------------
Print Name: J. Michael Tadlock                Print Name: Stephen R. Jeuck

Title: Senior Vice President                  Title: Secretary and CFO

Date: August 17, 1998                         Date: August 12, 1998




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                                   ADDENDUM B

This is an Addendum to the Electronic Data Processing Agreement dated August 12,
1998. Processing will be provided as follows:

         Data Center Services processing with full on-line input and inquiry
         with transmission to Client's facility of all reports, statements, and
         special forms.

PROCESSING FEES will be paid by Client to the Processor for the applications
listed on Addendum A.

         BASE FEE

         The following base monthly processing fee applies to the STANDARD
         APPLICATIONS listed on Addendum A.

         BASE MONTHLY PROCESSING FEE:                              $1,260.00
                  Up to 1,500 accounts                Included in Base Fee
                1,501 to 10,000 accounts                   $0.60 per account
                  Over 10,000 accounts                     $0.55 per account

         All ADDITIONAL APPLICATIONS listed on Addendum A will be charged based
         on fees provided in Schedule A or contracted for separately.

ADDITIONAL FEES:

1)       Monthly ATM Processing Fees:                1 ATM at $220 Per ATM

         The monthly fee for ATM service includes the cost of a modem and
         related maintenance and line monitoring, and unlimited transactions and
         authorizations.

2)       All phone line charges, drops and installation fees. Charges are passed
         on to the user bank in relationship to amounts charged by provider, and
         may be adjusted periodically.

3)       Transportation of data and/or items to and from the data center.
         Charges are passed on to the user bank in relationship to the amounts
         charged by provider, and may be adjusted periodically.

4)       Equipment purchases and maintenance, leased equipment and repairs are
         contracted for separately.

5)       A one-time conversion fee of $9,000.00 will be assessed for the initial
         conversion of applications. This will include initial training of your
         employees on the various applications, reports, and on-line systems.
         Ongoing training seminars may be attended for the fee as published for
         the individual class.

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6)       Custom forms may be printed on bank premise at bank expense. In an
         In-Bank printing environment, user bank is responsible for all paper
         and forms printed in bank. Purchasing of supplies, stock paper,
         statements, and special forms may be made through FCT to get quantity
         pricing.

7)       AD FRADs, modems, modem sharing devices, and converters for telephone
         communications are leased and contracted for separately.

8)       Item Processing Services (Schedule A).

9)                FCT's OnLine System (Online input and inquiry transactions) 10
                  OnLine PC workstations at $5.00 per workstation per month 1
                  branch at $2,000.00 per branch (implementation fee)

         View/Print/Archive Report Software

         FPreports         1 server connect at $25.00 per connect per month
                           3 viewer access workstations at $3.00 per
                           workstation per month

10)      PC Teller Software

                           4 PC workstations at $25.00 per workstation per month
                           1 branch at $3,000.00 per branch (implementation fee)

11)      Rembrandt Loan Documentation System(bank asset size less than
         $50 Million)
                           Implementation fee $12,600.00
                           Monthly fee $300.00

12)      Call Report Preparation Software

13)      Mortgage Loan Accounting (Investor Reporting)

14)      Image Capture and Statement Preparation Services

15)      ACH Origination Software

16)      FCT Safety Deposit Software

17)      Fixed Asset Control

                  1 license at $90/mo per license

18)      FTI Accounts Payable
                  1 license at $46/mo per license

19)      MicroSoft Access

                  1 license $20/mo per workstation

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The pricing set forth in this Addendum B will be adjusted for increased volume
as reflected above. If through acquisitions, mergers or other means Client
significantly increases the number of accounts, volume of transactions or number
of branches, Processor reserves the right to adjust the monthly processing fee
of this Agreement with mutual agreement of the Client.

FIRST COMMERCE TECHNOLOGIES, INC.               SOUTHERN COMMUNITY BANCORP
126 N. 11th  Street, P.O. Box 82414             250 N. Orange Avenue
Lincoln, Nebraska 69508                         Orlando, Florida 32801

Signature: /s/ J. MICHAEL TADLOCK             Signature: /s/ STEPHEN R. JEUCK
          ------------------------                      -----------------------
Print Name: J. Michael Tadlock                Print Name: Stephen R. Jeuck

Title: Senior Vice President                  Title: Secretary and CFO

Date: August 17, 1998                         Date: August 12, 1998


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                                   ADDENDUM C

This is an Addendum to an Electronic Data Processing Agreement dated August 12,
1998 .

Delivery schedules as of the date of this Addendum are as follows:

         Client shall have available for courier pick up all input data to be
         delivered to the Orlando Item Processing Center by 5:30 p.m. each day
         Monday through Friday.

         Processor shall deliver bry courier all output data on or before 8:00
         a.m. each day Tuesday through Saturday.

FIRST COMMERCE TECHNOLOGIES, INC.                SOUTHERN COMMUNITY BANCORP
126 N. 11th  Street, P.O. Box 82414              250 N. Orange Avenue
Lincoln, Nebraska 69508                          Orlando, Florida 32801

Signature: /s/ J. MICHAEL TADLOCK              Signature: /s/ STEPHEN R. JEUCK
          -----------------------                        ----------------------
Print Name: J. Michael Tadlock                 Print Name: Stephen R. Jeuck

Title: Senior Vice President                   Title: Secretary and CFO

Date: August 17, 1998                          Date: August 12, 1998


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                        FIRST COMMERCE TECHNOLOGIES, INC.

                                   SCHEDULE A
                            ITEM PROCESSING SERVICES
                                  FEE SCHEDULE
<TABLE>
<CAPTION>

SERVICE DESCRIPTION                                  UNIT                                           SERVICE FEE
-------------------                                  ----                                           -----------
<S>                                                  <C>                                             <C>
ITEM CAPTURE
Inclearing Item Capture..............................Per Item.......................................... $0.010
Proof of Deposit (POD) Item Capture..................Per Item ..........................................$0.015
Transit/Clearing Item Capture & Cash Letter Sort ....Per  Item .........................................$0.011
Proof of Dcposit MICR Encoding ......................Per Item ..........................................0.0245
Bulk File/Safekeeping/Item Destruction ..............Per Item .........................................$0.0083
Reject/Re-Entry   ...................................Per Item ...........................................$0.05

CHECK ARCHIVAL
Microfilm (Image @ 0.005) ...........................Per Item ..........................................$0.003
Dial up Access (Check, Images) ......................Per Month.........................................$195.00
Check Photocopy .....................................Per Item............................................$0.50
Check Research Services .............................Per Hour ..........................................$23.50
Fax Services ........................................Per Page ...........................................$1.25

RETURN ITEM PROCESSING
Exception Item Pull/Qualification (NSF, Stops, etc.)..Per Item...........................................$0.35
Return Item Cash Letter Prepared......................Per Item ...........................................0.03

STATEMENT RENDERING
Printed Statement.....................................Per Page .........................................$0.105
Truncated Statement DDA & Savings. ...................Per Account........................................$0.10
Image Statement DDA...................................Per Account........................................$0.15
Non-Truncated Statement DDA ..........................Per Account........................................$0.30
Statement Inserts.....................................Per Insert........................................$0.013

OPTIONAL SERVICES
PC Image Software & Setup ............................Per PC.......................................... $750.00
CD-ROM Archival (25,000 iterns per CD) ...............Per CD............................................$25.00
Postage & Pre-Sorting ................................Per Envelope . ..................................At Cost
Courier Services .....................................Per Delivery ....................................At Cost
</TABLE>

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DeNovo bank fees for Backroom and Item Processing assume that total items do not
exceed 30,000. Total items include both on-us and over the counter (transit)
items. After total items exceed 30,000, the bank will be accessed per item fees
based on the current published fee schedule, as listed below. Special pricing
for the first 9-month period will be accessed at $1,000.00 per month. In the
10th month and through the 30,000-item tier, the item-processing fee will be
accessed at $1,500.00. Services to include: item capture, amount field encoding,
item pull and qualification, and statement preparation. All items will be
captured on image for research. Any fees for research, photocopies, faxes or
postage will be billed at cost.

FIRST COMMERCE TECHNOLOGIES, INC.             SOUTHERN COMMUNITY BANCORP
126 N. 11th  Street, P.O. Box 82414           250 N. Orange Avenue
Lincoln, Nebraska 69508                       Orlando, Florida 32801

Signature: /s/ J. MICHAEL TADLOCK          Signature: /s/ STEPHEN R. JEUCK
          ------------------------                   ----------------------
Print Name: J. Michael Tadlock             Print Name: Stephen R. Jeuck

Title: Senior Vice President               Title: Secretary and CFO

Date: August 17, 1998                      Date: August 12, 1998










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