UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report: November 19, 2008
BANK OF SOUTH CAROLINA CORPORATION
(Exact name of registrant as specified in its charter)
South Carolina 0-27702 57-1021355
(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
256 Meeting Street, Charleston, SC 29401
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (843)724-1500
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(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Item 8.01 OTHER EVENTS
On November 19, 2008 the Bank of South Carolina Corporation issued a press
release announcing that it has elected to opt out of the Troubled Asset Release
Program (TARP). The information contained in the press release is deemed to be
"filed" under the Securities Exchange Act of 1934 as Item 8.01 to this report,
and such press release is incorporated herein by reference.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Bank of South Carolina Corporation
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(Registrant)
Date: November 19, 2008
/s/ William L. Hiott, Jr.
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William L. Hiott, Jr.
Executive Vice President and Treasurer