SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
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Date of Report (Date of earliest event reported): February 1, 2006
CAROLINA NATIONAL CORPORATION
Incorporated under the Commission File No. 000-50257 I.R.S. Employer
laws of South Carolina Identification No.
571101005
1350 Main Street
Columbia, South Carolina 29201
Telephone: 803-779-0411
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Item 5.02 Departure of Directors or Principal Officers; Election of Directors;
Appointment of Principal Officers.
The registrant's chief financial officer, Rollo F. Ingram has advised the
registrant that he will resign his position effective February 21, 2006 in order
to accept a position with another banking organization in Atlanta, Georgia.
Item 7.01 Regulation FD Disclosure.
Roger B. Whaley, President and CEO, and Rollo F. Ingram, Executive Vice
President and CFO, will present at the Southeast Super-Community Bank Conference
on Tuesday, February 7, 2006, in Atlanta, Georgia.
Mr. Whaley and Mr. Ingram will discuss registrant's objectives, including
providing personalized banking services to satisfy the needs of customers,
investing in accordance with sound banking practices and striving to earn the
maximum profit for shareholders. They will review registrant's previously
announced results of operations and financial condition at December 31, 2005.
Their review will include a discussion of asset quality and loan growth
reflecting that registrant not only had no nonperforming assets or loans 90 days
or more delinquent at December 31, 2005 but also had a ratio of loan loss
reserves to total loans of 1.35%. Their presentation will conclude with a review
of registrant's five years goals: to grow organically and/or through
acquisitions to become a statewide institution; to never compromise asset
quality for the sake of growth; to achieve a 1.0% return on average assets and a
12.0% return on average equity; and to grow efficiently and profitably.
Registrant's presentation is scheduled to begin at 11:05 a.m. ET. A live webcast
of the presentation will be available at www.super-communitybanking.com/
southeast.htm.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned, hereunto duly authorized.
CAROLINA NATIONAL CORPORATION
(Registrant)
Date: February 6, 2005 By: /s/ Roger B. Whaley
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Roger B. Whaley
President