IRA EXPRO PROJECT III

This document is about a notice from the U.S. Department of Labor regarding a proposed transaction for the W. Mitchell Barber SEP (the IRA) to sell shares of common stock of Travelers Rest Bancshares, Inc. to the IRA Owner, Willis M. Barber, Sr. The proposed transaction is seeking authorization under class exemption PTCE 96-62 to avoid the sanctions resulting from the application of section 4975 of the Internal Revenue Code. The document outlines the details of the proposed transaction, including the terms, the fair market value of the stock, and the conditions required for the Department of Labor's authorization.