Exhibit 99

                    Carolina National Bank and Trust Company
  Names Jack McElveen Jr. Executive Vice President and Chief Operating Officer


Columbia,  South  Carolina -- February 14, 2007:  Carolina  National  Bank today
announced  the naming of Jack  McElveen  Jr. to the newly  created  position  of
Executive Vice  President and Chief  Operating  Officer.  McElveen has served as
Chief Credit Officer for the bank since it opened in 2002.

"This  action  strengthens  our  infrastructure  to position the bank to support
superior  customer service and continued  growth as well as enhance  shareholder
value," said Roger B. Whaley, President and Chief Executive Officer.

McElveen has been in banking for more than two  decades.  He has worked with the
former  Bankers Trust and First Union in credit and community  lending,  and was
Mid-Atlantic Sales Manager for First Union before joining Carolina National.  He
is a graduate  of  Clemson  University  with a  bachelor's  degree in  financial
management and has passed the CPA exam.

McElveen will have overall  responsibility for all aspects of the commercial and
retail departments as well as credit policy. He will be setting sales production
goals,  helping develop  marketing  strategies,  and will be responsible for the
growth and mix of loans and deposits, and customer satisfaction. He will also be
involved in the  development of the bank's  long-range  strategic  plan,  Whaley
said.

Whaley  said  McElveen's  promotion  will  provide a healthy  boost to  Carolina
National's  ongoing  commitment to premier customer service,  customer products,
and overall customer satisfaction. "We have solid planning behind this move," he
said.  "The change  strengthens  our  organization  and allows us to continue to
concentrate on being responsive to our customers' needs."

Carolina  National,  which opened for business in July, 2002, nearly tripled its
earnings from 2005 to 2006. At year-end,  the bank  reported  $208.9  million in
assets,  with earnings of $1.9  million,  an increase of 198 percent over 2005's
earnings of $647 million.

 Carolina  National's  employees have over 300 years of banking experience among
them, and Whaley said the reorganization will provide more resources and support
for staff.  "This  allows us to  continue  to  concentrate  on the safe and fast
growth of our organization," he said.

The bank has 45 fulltime  employees in the greater Columbia,  SC area and opened
its fourth full service  branch in October 2006 on Garners Ferry Road.  Carolina
National Bank plans to expand into Lexington County during 2007.

Additional  information about Carolina National Bank is available on our website
at www.carolinanationalbank.com.

Carolina  National  Bank and  Trust  Company  is a  wholly-owned  subsidiary  of
Carolina National Corporation (NASDAQ: CNCP).

For more information contact:      Roger B. Whaley
                                      President & CEO

                                      803-779-0411