PRESS RELEASES

CENTRAL BANCORP, INC. ACQUIRES JONES COUNTY BANK
June 1, 2008

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TROUBLED GAINESVILLE BANK GETS A BOOST
January 31, 2007

A veteran Georgia banker has agreed to make a $2 million investment in a financially troubled Gainesville bank. NBOG Bancorporation, parent company of National Bank of Gainesville, announced that it has signed an agreement to sell a new issue of company stock to William R. Blanton of Alpharetta.

If approved by the Office of the Comptroller of the Currency, Blanton would become the bank's largest shareholder and would assume the post of chairman of the board.

Blanton's 30-year banking career includes 20 years in Georgia as president of First Capital Bank, which was acquired by CNB Holdings.

He currently serves as chairman and is the largest shareholder of First Covenant Bank, a Woodstock bank that primarily markets deposit and lending services to churches.

Under the terms of the agreement, Blanton will buy up to $2 million in stock at a price of $2.80 per share, subject to a penny-for-penny adjustment if the book value of NBOG falls below $2.40 per share prior to the purchase date.

"Bill Blanton is a well-known banker in Georgia," said Charles Stevens, who represented NBOG in the transaction. "In addition to supplying the capital, he will be involved with the management of the bank going forward."

Stevens said Blanton may opt to combine his two banks into one holding company.

"Before another step is made, he wants to enhance the performance of the Gainesville bank," Stevens said.

In a Jan. 26, 2006, filing with the Securities and Exchange Commission, NBOG announced its intent to seek a major investor or a buyer for the bank.

This followed a federal bank examination on April 26, 2004, where the bank agreed to a 10-point compliance agreement with the Office of the Comptroller of the Currency, which regulates federally-chartered national banks.

A 14-page compliance agreement reached with the OCC in August 2004 dealt with bank administration, capital-to-asset ratios, credit policy and developing a plan for addressing problem loans.

NBOG had difficulty in meeting the agreement terms and OCC in January suspended further compliance with the 2004 order while the bank sought an investor.

In a filing with the SEC, NBOG reported a loss of $557,000 through June 30, 2006. At that time, it had $31.9 million in deposits, ranking it 12th out of 16 Hall County banks, according to the FDIC.

The announcement is good news for NBOG, which had previously announced a proposed sale of the bank to El Banco Financial Corp., formerly known as Nuestra Tarjeta de Servicos Inc.

In October 2006, both parties concluded that regulatory approval would not come soon enough to meet their business requirements and the proposed deal was ended.

Stevens said he expected federal approval on Blanton's application by the end of the first quarter.

"The additional capital will allow NBOG (Bancorporation) and the National Bank of Gainesville to continue providing customers with access to a full array of banking products and services," said R. Allen Smith, president and chief executive officer of the bank.

The bank's one office is at 807 Dorsey St. in Gainesville.

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ABC BANCORP TO ACQUIRE FIRST NATIONAL BANC, INC.
July 1, 2005

ABC BANCORP (Nasdaq: ABCB), Moultrie, Georgia. ABC Bancorp announced today the signing of a definitive agreement to acquire First National Banc, Inc. First National is headquartered in St. Marys, Georgia and has banking operations in St. Marys and Orange Park, Florida. With assets totaling approximately $255 million at May 31, 2005, First National is the market-share leader in St.Marys and the largest community bank in Orange Park.

Under the terms of the agreement, First National shareholders may elect to receive cash or ABC common stock as consideration with the stock portion limited to 65% of the total consideration. Based on ABC’s closing market price on Thursday, June 30, 2005, the total consideration equaled approximately $34.8 million. ABC expects that the transaction will close during the fourth quarter of 2005 and will be accretive to its 2006 earnings.

The acquisition has been approved by the Board of Directors of each company and is subject to the approval of First National shareholders, receipt of regulatory approval and other customary closing conditions. ABC expects that, at the time of the closing of the transaction, it will merge the St. Marys and Orange Park banks into one of its existing subsidiary banks.

“The opportunity to increase our presence on the Georgia/Florida coast by adding St. Marys and Orange Park is exciting,” said Edwin W. Hortman, Jr., President and Chief Executive Officer of ABC. “This transaction substantially expands our franchise on the coast from Brunswick to Jacksonville to approximately $425 million in total assets and provides our company with the opportunity to begin growing a significant presence in the Jacksonville, Florida market. First National has experienced community bankers that we feel are the cornerstone to establishing ABC as a leading, growth-oriented company in this region.”

Commenting on the merger and future growth plans, Timothy M. O’Keefe, President of First National said, “Our proposed partnership with ABC will create a franchise with nine banking centers between Brunswick and Orange Park staffed with the right people for growth. ABC’s quality reputation and capital strength is what our high growth markets need.”

SunTrust Robinson Humphrey served as financial advisor to ABC Bancorp. First National was represented by Stevens & Company and Allen C. Ewing & Co.

ABC Bancorp is headquartered in Moultrie, Georgia, and has 12 banking subsidiaries with 37 locations in Georgia, Alabama and northern Florida. Its common stock is traded on the Nasdaq National Market under the symbol “ABCB”. First National Banc, Inc. is headquartered in St. Marys, Georgia and has two banking subsidiaries with five locations.

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