RELEASE:  October 16, 2009. CNB Corporation,  the holding company for The Conway
National Bank, headquartered in Conway, South Carolina, announced today that its
Board of Directors  has declared a  two-for-one  split of the  Company's  common
stock.  One  additional  share of the Company's  common stock will be issued for
each share owned by each person who was a  shareholder  of record on October 23,
2009. The distribution will be made on November 5, 2009.  Shareholders of record
will  receive  a  new  stock  certificate  representing  the  additional  shares
distributed to them as a result of the stock split.  Existing stock certificates
will remain outstanding.

Harold  Cushman,  Chairman of the Board of CNB  Corporation,  explained that the
Board had approved the split to bring the market price of the  Company's  common
stock more into line with the prices of other community banks.

Contact information:  Edward T. Kelaher, Chairman of the Governance Committee of
the  Board  of  Directors  of CNB  Corporation  and The  Conway  National  Bank,
843-222-8166.