FORM OF WARRANT AGREEMENT


         THIS STOCK WARRANT AGREEMENT (the "Agreement") is made and entered into
as of this day of ----- ----------  ,1999, by and between  HARTSVILLE  COMMUNITY
BANK, NATIONAL ASSOCIATION, (the "Bank"), and ("Warrant Holder").

                               W I T N E S S E T H

         WHEREAS, Warrant Holder has served as an organizer in the formation and
establishment  of the Bank and has committed to serve as a member of the initial
Board of Directors of the Bank; and

         WHEREAS, Warrant Holder has purchased _____ shares of the Bank's common
stock,  $5.00 par value per share (the "Common Stock"),  at a price per share of
$10.00 per share; and

         WHEREAS,  the Bank desires to provide  Warrant Holder with the right to
acquire 5,000 shares of Common Stock pursuant to the terms of this Agreement.

         NOW,  THEREFORE,  in  consideration  of the premises and other good and
valuable  consideration,  the receipt and legal  sufficiency of which are hereby
acknowledged, the parties hereto agree as follows:

     1. Grant of Warrant.  Subject to the terms,  restrictions,  limitations and
conditions  stated  herein,  the Bank hereby grants to Warrant  Holder the right
(the  "Warrant")  to purchase all or any part of an  aggregate of Five  Thousand
(5,000) shares of the Common Stock (the "Warrant Shares"), subject to adjustment
in accordance with Section 7 hereof.

     2. Term.

               a. The term for the  exercise of said  Warrant will begin at 9:00
          a.m.,  Eastern  Time,  on December 31,  1999,  and will expire at 5:00
          p.m.,  Eastern  Time,  on the earlier of December 31, 2009, or 90 days
          after  Warrant  Holder  ceases  to serve as a member  of the  Board of
          Directors of the Bank (the "Expiration  Time").  The right to exercise
          the Warrants will vest with respect to one-third of the Warrant Shares
          on each of December 31, 1999, December 31, 2000, and December 31, 2001
          (the  "Vesting  Dates"),  so long as the  Warrant  Holder  has  served
          continuously  as a member of the Board of  Directors  of the Bank from
          its opening until the respective Vesting Date.

               b.  Notwithstanding  any other provision of this  Agreement,  the
          Warrants  shall  expire on such earlier date as specified by the Bank,
          upon notice from the Office of the Comptroller of the Currency ("OCC")
          that all rights  with  respect to the  Warrant  Shares  must be either
          exercised  or  forfeited  by the  Warrant  Holder,  as a  result  of a
          determination by the OCC that the capital of the Bank has fallen below
          the minimum requirements as determined by the OCC.

     3. Purchase Price. The price per share to be paid by Warrant Holder for the
shares of Common  Stock  subject to this  Warrant  shall be  $10.00,  subject to
adjustment  as  set  forth  in  Section  6  hereof  (such  price,  as  adjusted,
hereinafter called the `Purchase Price").

     4. Exercise of Warrant.  The Warrant may be exercised by Warrant  Holder by
delivery to the Bank,  at the address of the Bank set forth under  Section 10(a)
hereof  or such  other  address  as to which  the Bank  advises  Warrant  Holder
pursuant to Section 10(a) hereof, of the following:

               a. Written notice of exercise  specifying the number of shares of
          Common Stock with respect to which the Warrant is being exercised; and

               b. A cashier's  or  certified  check  payable to the Bank for the
          full amount of the aggregate  Purchase  Price for the number of shares
          as to which the Warrant is being exercised.

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<PAGE>

     5.  Issuance of Shares.  Upon  receipt of the items set forth in Section 4,
and subject to the terms hereof, the Bank shall cause to be delivered to Warrant
Holder stock  certificates  for the number of shares  specified in the notice of
exercise,  such  share or shares  to be  registered  under  the name of  Warrant
Holder.  Notwithstanding the foregoing,  the Bank shall not be required to issue
or  deliver  any  certificate  for  shares of the Common  Stock  purchased  upon
exercise of the Warrant or any portion  thereof prior to the  fulfillment of the
following conditions:

               a.  The  admission  of  such  shares  for  listing  on all  stock
          exchanges on which the Common Stock is then listed;

               b. The completion of any  registration or other  qualification of
          such shares which the Bank shall deem necessary or advisable under any
          federal  or state  law or under  the  rulings  or  regulations  of the
          Securities   and  Exchange   Commission  or  any  other   governmental
          regulatory body;

               c. The  obtaining  of any  approval or other  clearance  from any
          federal  or state  governmental  agency or body,  which the Bank shall
          determine to be necessary or advisable; or

               d. The  lapse of such  reasonable  period of time  following  the
          exercise  of the  Warrant as the Bank from time to time may  establish
          for reasons of administrative convenience.

     The Bank  shall  have no  obligation  to obtain  the  fulfillment  of these
conditions;  provided, however, Warrant Holder shall have one full calendar year
after these  conditions  have been  fulfilled  to exercise  his or her  warrants
granted herein, notwithstanding any other provision herein.

     6. Antidilution Etc.

               a. If, prior to the Expiration Time, the Bank shall subdivide its
          outstanding shares of Common Stock into a greater number of shares, or
          declare and pay a dividend of its Common Stock  payable in  additional
          shares of its Common Stock, the Purchase Price as then in effect shall
          be proportionately  reduced,  and the number of shares of Common Stock
          then  subject  to  exercise  under  the  Warrant  (and not  previously
          exercised) shall be proportionately increased.

               b. If, prior to the  Expiration  Time, the Bank shall combine its
          outstanding  shares  of the  Common  Stock  into a  smaller  number of
          shares,   the   Purchase   Price,   as  then  in   effect,   shall  be
          proportionately  increased,  and the number of shares of Common  Stock
          then  subject  to  exercise  under  the  Warrant  (and not  previously
          exercised), shall be proportionately reduced.

     7. Reorganization,  Reclassification, Consolidation or Merger. If, prior to
the Expiration Time, there shall be any  reorganization or  reclassification  of
the Common Stock (other than a subdivision or combination of shares provided for
in Section 6 hereof),  or any  consolidation  or merger of the Bank with another
entity,  the Warrant Holder shall thereafter be entitled to receive,  during the
term  hereof and upon  payment of the  Purchase  Price,  the number of shares of
stock or other securities or property of the Bank or of the successor entity (or
its parent company) resulting from such consolidation or merger, as the case may
be, to which a holder of the Common  Stock,  deliverable  under the  exercise of
this   Warrant,   would   have   been   entitled   upon   such   reorganization,
reclassification,   consolidation  or  merger;  and  in  any  case,  appropriate
adjustment  (as  determined  by the Board of  Directors  of the Bank in its sole
discretion)  shall be made in the application of the provisions herein set forth
with respect to the rights and interest  thereafter of the Warrant Holder to the
end that the  provisions  set forth  herein  (including  the  adjustment  of the
Purchase  Price and the  number of shares  issuable  upon the  exercise  of this
Warrant)  shall  thereafter  be  applicable,   as  near  as  may  reasonably  be
practicable,  in relation to any shares or other property thereafter deliverable
upon the exercise hereof.



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<PAGE>

     8. Notice of Adjustments.  Upon any adjustment provided for in Section 6 or
Section 7 hereof,  the Bank,  within  thirty  (30) days  thereafter,  shall give
written  notice  thereof to the  Warrant  Holder at the  address set forth under
Section 10(a) hereof or such other address as Warrant Holder may advise the Bank
pursuant to Section 10(a) hereof,  which notice shall state the Warrant Price as
adjusted and the increased or decreased  number of shares  purchasable  upon the
exercise  of this  Warrant,  setting  forth in  reasonable  detail the method of
calculation of each.

     9. Transfer and Assignment.

          a.  This  Warrant  may  not  be  assigned,   transferred   (except  as
     aforesaid), pledged or hypothecated in any way (whether by operation of law
     or otherwise) and shall not be subject to execution,  attachment or similar
     process. Any attempted assignment, transfer, pledge, hypothecation or other
     disposition  of this  Warrant  shall be null and  void  and  without  legal
     effect.

          b. Shares of Common Stock acquired by exercise of the Warrant  granted
     hereby may not be  transferred  or sold unless the  transfer is exempt from
     further regulatory approval or otherwise  permissible under applicable law,
     including state and federal securities laws, and will bear a legend to this
     effect.

     10.  Miscellaneous.

          a. All notices, requests, demands and other communications required or
     permitted  hereunder  shall be in writing  and shall be deemed to have been
     duly given when delivered by hand, telegram or facsimile  transmission,  or
     if mailed,  by postage  prepaid first class mail, on the third business day
     after  mailing,  to the  following  address (or at such other  address as a
     party may notify the other hereunder):

                  To the Bank:

                           Hartsville Community Bank, National Association
                           206 South Fifth Street
                           Hartsville, South Carolina 29550
                           Attention: Curtis A. Tyner, Sr.

                  To the Warrant Holder:

                           --------------------------------------

                           --------------------------------------

                           --------------------------------------

          b. The Bank  covenants  that it has reserved and will keep  available,
     solely for the  purpose of issue upon the  exercise  hereof,  a  sufficient
     number of shares of Common Stock to permit the exercise hereof in full.

          c. No holder of this  Warrant,  as such,  shall be entitled to vote or
     receive dividends with respect to the shares of Common Stock subject hereto
     or be deemed to be a  shareholder  of the Bank for any  purpose  until such
     Common Stock has been issued.

          d. This  Warrant  may be  amended  only by an  instrument  in  writing
     executed by the party against whom enforcement of amendment is sought.

          e. This Warrant may be executed in  counterparts,  each of which shall
     be deemed an original,  but all of which shall  constitute one and the same
     instrument.

          f. This  Warrant  shall be governed by and  construed  and enforced in
     accordance with the laws of the State of South Carolina.



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<PAGE>

         IN WITNESS  WHEREOF,  the Bank has caused this  Warrant to be signed by
its duly  authorized  officers and its bank seal to be affixed  hereto,  and the
Warrant  Holder has executed this Warrant under seal, all as of the day and year
first above written.



                                 HARTSVILLE COMMUNITY BANK, NATIONAL ASSOCIATION


                                 By:
                                    --------------------------------------------
                                    Curtis A. Tyner, Sr.
                                    President



                                  WARRANT HOLDER


                                                                          (SEAL)
                                  ----------------------------------------------



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