Bull & Lifshitz, LLP Announces Investigation of Peoples Bancorporation, Inc. NEW YORK, Jan. 11, 2012 /PRNewswire/ -- Bull & Lifshitz, LLP announces an investigation into possible breaches of fiduciary duty in connection with the proposed sale of Peoples Bancorporation, Inc. (OTCBB: PBCE) (referred to as "Peoples Bancorporation" or the "Company") to SCBT Financial Corporation ("SCBT"), in a stock and cash transaction valued at approximately $28.4 million. Under the terms of the agreement, Peoples Bancorporation shareholders will receive 0.1413 shares of SCBT common stock per share of Peoples Bancorporation common stock, subject to certain adjustments. Bull & Lifshitz, LLP's investigation is focused on whether the proposed deal provides adequate value to the Company's shareholders. If you are a holder of Peoples Bancorporation common stock and want to discuss your legal rights, you may e-mail or call Bull & Lifshitz, LLP who will, without obligation or cost to you, attempt to answer your questions. If you are a shareholder of Peoples Bancorporation and would like more information about our investigation, please contact Peter D. Bull, Esq. by telephone at (866) 313-6222 or by sending an e-mail including your contact information to: counsel@nyclasslaw.com. All e-mail correspondence should make reference to Peoples Bancorporation. Bull & Lifshitz, LLP is a New York City-based law firm with significant experience representing investors in merger-related shareholder class actions, shareholder derivative actions, and securities fraud class actions. For more information about the firm, please visit our website at www.nyclasslaw.com. The law firm responsible for this advertisement is Bull & Lifshitz, LLP, 18 East 41st Street, New York, New York 10017, (212) 213-6222. Prior results do not guarantee or predict a similar outcome with respect to any future matter. Contact: Peter D. Bull, Esq. Bull & Lifshitz, LLP Phone: 212-213-6222 Fax: 212-213-9405 Email: counsel@nyclasslaw.com