Exhibit 10-3

                THIS CONTRACT IS SUBJECT TO ARBITRATION PURSUANT
                  TO THE SOUTH CAROLINA UNIFORM ARBITRATION ACT

                    AMENDED AND RESTATED EMPLOYMENT AGREEMENT

         This   Amended and Restated   Agreement   (as amended and   restated,   this
"Agreement") is entered into as of the 7th day of December, 2007, by and between
Community   Resource   Bank,   N.A.   (the   "Company"),   and   Michael   A. Wolfe (the
"Employee").

                                    RECITALS:

         A. The Company and the Employee entered into an Employment Agreement as
of October 2, 2006 (the "Original Agreement").

         B. The Company   wishes to continue to employ   Employee as an   executive
officer and to assure the Employee's   continued employment with the Company, and
the Employee has agreed to continue to accept such employment.

         C. The Company and the Employee   continue to mutually desire that their
employment   relationship   be set forth   under the terms of a written   employment
agreement.

         D. The Company and the Employee desire to amend the Original   Agreement
in compliance   with Internal   Revenue Code Section 409A and   associated   federal
regulations.

         In   consideration   of the   foregoing   and of the   promises   and   mutual
agreements   set forth   below,   and other good and   valuable   consideration,   the
receipt and sufficiency of which are hereby acknowledged,   the parties hereto do
hereby agree to amend and restate the Original Agreement as follows:

         1.   Employment.   The   Company   agrees to employ the   Employee,   and the
Employee agrees to accept employment and to serve the Company,   on the terms and
conditions set forth herein.

          2. Term of   Employment.   The employment of the Employee by the Company,
as provided   under Section 1 hereof,   commenced on October 2, 2006 and shall end
September 30, 2009 (the "Term of Employment") unless further extended in writing
with express   reference to this   Agreement or sooner   terminated as   hereinafter
provided.   Commencing   on   September   30, 2009,   and on each annual   anniversary
thereafter,   the Term of   Employment   shall   automatically   be   extended   for an
additional year unless 90 days prior to the anniversary the Company gives notice
to the Employee   that the Term of   Employment   will not be   extended.   Except as
otherwise provided expressly herein, the provisions of this Agreement related to
Employee's   employment   will not apply after the Term of Employment   has expired
and any continuing employment of the Employee thereafter will be at-will and not
subject to the terms and conditions of this Agreement.


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         3. Position and Duties.   The Employee shall serve on a full-time   basis
as President of the Company and shall have the authority and be responsible   for
the   general   management   of   the   Company   and   shall   assume   such   additional
responsibilities   and   authority   as may from time to time be assigned to him by
its Board of   Directors   or the Chief   Executive   Officer   of the   Company.   The
Employee shall perform his   responsibilities and duties in the best interests of
the Company.


         4. Place of Performance.   In connection with the Employee's   employment
hereunder,   the Employee shall be based   initially at Community   Resource Bank's
corporate   headquarters   located   in   Orangeburg,   South   Carolina,   subject   to
reasonable   travel or   relocation   as necessary to carry out the business of the
Company and his duties hereunder.

         5.   Compensation   and   Benefits.   In   consideration   of the   Employee's
performance of his duties hereunder, the Company shall provide the Employee with
the following compensation and benefits during the Term of Employment hereunder.

                  a. Base Salary. The Company shall pay Employee at a minimum, a
         per annum base salary of $181,125.   During the Term of Employment under
         this Agreement, the Chief Executive Officer of the Company periodically
          will review and may increase   (but not decrease)   the   Employee's   base
         salary rate, all in accordance with the Company's salary administration
         policies and procedures in effect from time to time, and each change in
         the base salary amount listed in this Section shall become the new base
         salary amount.   Base salary shall be payable twice per month in arrears
         with a payroll   schedule as is used by the Company for other employees.
         The Company shall have no obligation   to increase the   Employee's   base
         salary rate at any particular time or in any particular amount, and any
         such increase shall be in the sole and absolute discretion of the Chief
         Executive Officer of the Company.

                  b.   Incentive   Compensation.   The   Company   shall   pay   to the
         Employee with respect to each subsequent fiscal year during the Term of
         Employment   hereunder,   such cash bonus, if any, as shall be determined
         pursuant   to a bonus   plan   adopted   by the Board of   Directors   of the
         Company for key   employees.   Any such bonuses shall be paid on the 15th
         day of the third month   following the end of the calendar year in which
         such bonus is earned. In addition,   and without diminution of any other
         compensation or benefit   provided for in this   Agreement,   the Employee
         may   be   given   the   opportunity   to   participate   in   other   incentive
         compensation    plans   that   may   be   adopted   by   the   Company,    which
         participation   opportunity   may be offered to the   Employee in the sole
         discretion of the Board of Directors of the Company.


                  c.   Country   Club and Civic Club Dues.   The Company   shall pay
         reasonable dues on behalf of the Employee for one country club approved
         by the Board of the   Company   and shall pay   reasonable   dues for civic
         organizations   to which the   Employee   belongs   for the   benefit of the
         Company and which have been approved by the Board of the Company.


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                  d. Deferred   Compensation.   The Employee   shall be entitled to
         participate in the Company's   401(k) Plan and the Company shall match a
         minimum of 100% of the first 3%, and 50% of the next 2%, of salary that
         the Employee defers each year.

                  e. Health and Dental   Insurance.   The Company will provide the
         Employee with health and dental insurance coverage on the same basis as
         such coverage is provided for other executive officers of the Company.

                  f. Expenses.   The Company shall reimburse the Employee for all
         proper and reasonable   out-of-pocket   expenses incurred by the Employee
         in his performance of services   hereunder,   including all such expenses
         of travel and living   expense   while away from home on   business of the
         Company and mileage for   out-of-town   business   use of his   automobile,
         provided    that   such   expenses   are   incurred   and   accounted   for   in
         accordance with the regular policies and procedures   established by the
         Company from time to time.

                  g. Paid Time Off. The Employee   shall be entitled to a minimum
         of 35 days of paid time off in each   calendar   year,   as well as to all
         paid holidays   provided by the Company to its   employees.   The Employee
         will not be entitled to any additional pay for unused vacation.

                  h. Other Benefits.   The Employee shall be entitled to share in
         any other employee   benefits   generally   provided by the Company to its
         most highly ranking executives for so long as the Company provides such
         benefits.   The Employee   shall also be entitled to   participate   in all
         other benefits accorded generally to Company employees.

         6. Compensation and Benefits in the Event of Termination.   In the event
of the   termination   of the   Employee's   employment   by   the   Company   or by the
Employee during the term of this Agreement,   compensation   and benefits shall be
paid as set forth below.

                  a. Definitions.   For purposes of this Agreement, the following
         terms shall have the meanings indicated:

                           (i) "Cause" shall mean:

                                    (A) the breach by Employee   of any   material
                           provision of this   Agreement,   provided   that Company
                           gives the Employee   written notice of such breach and
                           such   breach is not   cured   within   thirty   (30) days
                           thereafter;

                                     (B) the willful and continued failure by the
                           Employee to   substantially   perform his duties   under
                           this Agreement   (other than the Employee's   inability
                           to perform, with or without reasonable accommodation,
                           resulting   from his   incapacity   due to   physical   or
                           mental   illness   or   impairment),   after a demand for
                           substantial   performance   is   delivered to him by the
                           Company,   which demand   specifically   identifies   the
                           manner in which the   Employee   is alleged to have not
                           substantially performed his duties;

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                                    (C) the willful   engaging by the Employee in
                           misconduct (criminal,   immoral or otherwise) which is
                           materially injurious to the Company, its subsidiaries
                           or     their     respective     officers,      directors,
                           shareholders,   employees, or customers, monetarily or
                           otherwise;

                                     (D) the Employee's conviction of a felony;

                                    (E)   the   commission   in the   course   of the
                           Employee's    employment    of    an    act    of    fraud,
                           embezzlement,   theft   or   proven   dishonesty,   or any
                           other illegal act or practice, which would constitute
                           a   felony,   (whether   or not   resulting   in   criminal
                           prosecution or conviction),   or the commission of any
                           act or   practice   which   resulted   in the   Employee's
                           becoming   unbondable   under the   Company's   "banker's
                           blanket bond;" or

                                     (F)   the    suspension    or   removal   of   the
                           Employee, or the issuance of an order prohibiting the
                           Employee from   associating with the Company or any of
                           its    subsidiaries,    by   federal   or   state   banking
                           regulatory   authorities acting under lawful authority
                           pursuant   to   provisions   of   federal or state law or
                           regulation which may be in effect from time to time.

                           (ii) A "Change of Control"   of t