Exhibit 99.1

     Provident Community Bancshares, Inc. to Expand Stock Repurchase Program


     UNION, S.C.--(BUSINESS WIRE)--Aug. 16, 2006--Provident Community
Bancshares, Inc. (NASDAQ: PCBS) today announced that the Corporation's board of
directors has approved the repurchase of an additional 92,000 shares, or
approximately 5% of the Corporation's outstanding common stock. Repurchases,
which will be conducted through open market purchases or privately negotiated
transactions, will be made from time to time depending on market conditions and
other factors. Repurchased shares will be held in treasury.
     Provident Community Bancshares is the holding company for Provident
Community Bank, which operates nine banking locations in the upstate of South
Carolina. At June 30, 2006, Provident Community Bancshares had $379.5 million in
total assets and stockholders' equity of $24.2 million.


    CONTACT: Provident Community Bancshares, Inc.
             Dwight V. Neese, 864-429-1863