The Palmetto Bank Selects Investment Professionals Inc. (IPI) to Provide Wealth Management Services

   The Palmetto Bank Selects Investment Professionals Inc. (IPI) to Provide
                          Wealth Management Services

IPI's Expertise in Trust and Brokerage Services Takes the Lead

PR Newswire

SAN ANTONIO, May 21, 2013

SAN ANTONIO, May 21, 2013 /PRNewswire/ --Investment Professionals Inc. (IPI),
a leading provider of investment services to community banks, announced today
that it will provide full wealth management services to The Palmetto Bank, a
$1.1 billion community-oriented bank based in Greenville, South Carolina and
wholly-owned subsidiary of Palmetto Bancshares, Inc. (NASDAQ: PLMT).
Converting from Raymond James brokerage services, The Palmetto Bank is
implementing an integrated Wealth Management strategy with IPI. As part of the
strategy, the Bank entered into separate agreements with Investment
Professionals Inc. ("IPI") and Thomasville National Bank ("TNB") to enhance
the delivery of brokerage services and trust services, respectively.


Scott Barnes, Chairman of IPI said, "IPI is very excited to partner with The
Palmetto Bank and TNB on this transaction. Together we look to expand the $460
million in assets under management by The Palmetto Bank, as of March 31, 2013,
by offering increased branch coverage, enhanced client products and services
and seamless interaction between traditional trust and brokerage. IPI is
uniquely qualified to combine and/or enhance community bank operations like
this, and we look forward to many more in our 26 state foot-print."

"The Palmetto Bank has been continuously evolving and adapting over our
106-year history," said Samuel L. Erwin, President and Chief Executive
Officer. "We are thrilled to enter into agreements with IPI and TNB to offer
enhanced trust and brokerage services as part of our go-forward Wealth
Management strategy. Working together, we are all committed to serving our
existing and future clients through local trust officers of TNB and financial
advisors of IPI conveniently located in our offices in the Upstate of South

Successfully specializing in on-site delivery of investment programs and asset
management services for community banks and other financial institutions, IPI
currently partners with more than 150 financial institutions across the
country, whose assets range from $50 million to over $10 billion. IPI has more
than $6 billion under management for over 90,000 clients in 26 states. IPI has
no debt and currently employs over 450 people.

About Investment Professionals Inc.
Investment Professionals Inc. (IPI) is a privately owned and operated
Texas-based investment, insurance brokerage and asset management firm
specializing in the on-site delivery of investment programs for financial
institutions and providing turn-key fixed income, marketing and custody
services to community bank trust departments across the United States.

services offered through Investment Professionals Inc. (IPI), a registered
broker-dealer and registered investment advisor. IPI does not offer or provide
legal or tax advice; please consult your attorney and/or tax advisor for such
services. Member FINRA and SIPC.

Amy Watson
AVP, Marketing Services Manager
(210) 582-2845

SOURCE Investment Professionals Inc.

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