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Carolina First announces ATM agreement with Amex

February 24, 2002

GREENVILLE, S.C. -- Carolina First Corporation announced an agreement between its subsidiary, Carolina First Bank, and American Express ATM Holdings, Inc. Under the agreement, Carolina First Bank will display its name and logo on all American Express ATMs in South Carolina. In addition, Carolina First Bank customers may use American Express ATMs in South Carolina without being charged a fee.

American Express expects its network of over 40 ATMs in South Carolina to be operational in the first quarter of 1999. Carolina First is the largest South Carolina-based commercial bank.

James W. Terry, Jr., President of Carolina First Bank, said, "Our affiliation with American Express doubles the number of free ATMs available for our customers. Plus, the American Express ATMs will be located in high traffic areas where customers choose to shop or purchase gasoline. This initiative is an excellent fit with our strategy of making banking convenient for our customers."


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