Exhibit 4-3

                            FORM OF WARRANT AGREEMENT


THIS STOCK WARRANT  AGREEMENT (the  "Agreement")  is made and entered into as of
this 18th day of November, 2004, by and between REGIONAL BANKSHARES,  INC., (the
"Company"), and _________________________ ("Warrant Holder").

                               W I T N E S S E T H

WHEREAS,  Warrant  Holder has served as a director of the Company and Hartsville
Community  Bank (the "Bank") and has  committed to continue to serve as a member
of the Board of Directors of the Company and the Bank; and

WHEREAS, the Company desires to provide Warrant Holder with the right to acquire
10,000  shares of the  Company's  common  stock,  $1.00 par value per share (the
"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 Company hereby grants to Warrant Holder the right
(the  "Warrant")  to purchase  all or any part of an  aggregate  of Ten Thousand
(10,000)  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  November  18,  2005,  and will expire at 5:00 p.m.,
         Eastern  Time,  on the earlier of November 18,  2014,  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
         November  18,  2005,  November  18,  2006 and  November  18,  2007 (the
         "Vesting Dates"), so long as the Warrant Holder has served continuously
         as a member of the Board of  Directors of the Company and the Bank from
         the date hereof 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 Federal Deposit  Insurance  Corporation  ("FDIC") or the South
         Carolina  Commissioner of Banking (the  "Commissioner") 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
         FDIC or the Commissioner  that the capital of the Bank has fallen below
         the minimum requirements as determined by the FDIC or the Commissioner.

<PAGE>

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  $13.50,  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 Company,  at the address of the Company set forth under  Section
10(a)  hereof or such other  address  as to which the  Company  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 Company for the full
         amount of the aggregate  Purchase  Price for the number of shares as to
         which the Warrant is being exercised.

5.  Issuance  of Shares.  Upon  receipt of the items set forth in Section 4, and
subject to the terms hereof,  the Company 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 Company  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 Company  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 Company 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  Company  from time to time may  establish  for
         reasons of administrative convenience.

The  Company  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.


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<PAGE>


6.       Antidilution, Etc.

         a. If, prior to the Expiration  Time,  the Company 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 Company  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 Company 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 Company 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 Company 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.

8.  Notice of  Adjustments.  Upon any  adjustment  provided  for in Section 6 or
Section 7 hereof,  the Company,  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
Company  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


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<PAGE>

         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 Company:

         Regional Bankshares, Inc.
         206 South Fifth Street
         Hartsville, South Carolina 29550
         Attention: Curtis A. Tyner, Sr.

         To the Warrant Holder:

         ______________________________________
         ______________________________________
         ______________________________________

         b. The Company  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 Company 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 Company 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.



REGIONAL BANKSHARES, INC.


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



WARRANT HOLDER


                                                              (SEAL)
---------------------------------------------------------------
         (Print Name)


















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