Exhibit 4-1

                             STATE OF SOUTH CAROLINA
                               SECRETARY OF STATE

                              ARTICLES OF AMENDMENT



TYPE OR PRINT CLEARLY IN BLACK INK

Pursuant Section  33-10-106 of the 1976 South Carolina Code of Laws, as amended,
the undersigned  corporation  adopts the following  Articles of Amendment to its
Articles of Incorporation:

1.   The name of the corporation is Peoples Bancorporation, Inc.
2.   Date of Incorporation  March 6, 1992

3.   Agent's Name and Address: Robert E. Dye, 1800 E. Main St., Easley, SC

4.   On January 9, 2009, the corporation  adopted the following  Amendment(s) of
     its Articles of  Incorporation:  (Type or attach the complete  text of each
     Amendment)

     Article Four of the Articles of  Incorporation  of Peoples  Bancorporation,
Inc. is amended to read as follows:

     The corporation is authorized to issue  15,000,000  shares of Common Stock,
     $1.11 par value per share, and 15,000,000 shares of Preferred Stock.

          The relative  rights,  preferences,  and  limitations of the shares of
     each class, and of each series within a class, are as follows:

     Common Stock: The shares of common stock shall have unlimited voting rights
     and are entitled,  together  with any series of preferred  stock which also
     has such right specified, to receive the net assets of the corporation upon
     dissolution.

          Preferred  Stock:  The board of directors may  determine,  in whole or
     part, the preferences,  limitations, and relative rights (within the limits
     set forth in Section  33-6-101 of the South Carolina  Business  Corporation
     Act) of one or more series  within the class of preferred  stock before the
     issuance of any shares of that series.


5.   The  manner,  if not set forth in the  Amendment,  in which  any  exchange,
reclassification, or cancellation of issued shares provided for in the Amendment
shall be effected, is as follows: (if not applicable, insert "not applicable" or
"NA").

               NA

6.   Complete either "a" or "b," whichever is applicable.

     a.   [x]  Amendment(s) adopted by shareholder action.

               At the  date of  adoption  of the  Amendment(s),  the  number  of
               outstanding   shares  of  each  voting  group  entitled  to  vote
               separately on the Amendment(s), and vote of such shares was:

<TABLE>
<CAPTION>
                                Number of              Number of            Number of Votes         Number of Undisputed
         Voting                Outstanding           Votes Entitled         Represented at                 Shares
         Group                   Shares                to be Cast             the Meeting              For or Against
         -----                   ------                ----------             -----------              --------------
<S>     <C>                      <C>                   <C>                   <C>                     <C>        <C>

        Common Stock             7,070,139             7,070,139             5,225,713               5,096,496  124,453




</TABLE>



<PAGE>
                                               Peoples Bancorporation, Inc.
                                               ---------------------------------
                                                  Name of Corporation


        Note:  Pursuant to Section  33-10-106(6)(i),  of the 1976 South Carolina
               Code of Laws, as amended, the corporation can alternatively state
               the total  number of disputed  shares cast for the  amendment  by
               each voting group  together with a statement that the number cast
               for the  amendment  by  each  voting  group  was  sufficient  for
               approval by that voting group.


b.       [ ]   The Amendment(s)  was duly adopted by the  incorporators or board
               of directors  without  shareholder  approval pursuant to Sections
               33-6-102(d),  33-10-102 and 33-10-105 of the 1976 South  Carolina
               Code  of  Laws,  as  amended,  and  shareholder  action  was  not
               required.

7.   Unless a delayed dated is specified,  the effective  date of these Articles
of  Amendment  shall be the date of  acceptance  for filing by the  Secretary of
State (See  Section  33-1-230(b)  of the 1976 South  Carolina  Code of Laws,  as
amended) _______________________________________________________________________


Date January 13, 2009
     ----------------              Peoples Bancorporation, Inc.
                                   ---------------------------------------------
                                   Name of Corporation

                                   s/R. Riggie Ridgeway, Chief Executive Officer
                                   ---------------------------------------------
                                   Signature

                                   R. Riggie Ridgeway, Chief Executive Officer
                                   ---------------------------------------------
                                   Type or Print Name and Office