Exhibit 99.1

      BANK OF SOUTH CAROLINA CORPORATION DECLARES 69TH CONSECUTIVE DIVIDEND

    CHARLESTON, S.C., Dec. 14 /PRNewswire-FirstCall/ -- The Board of Directors
of Bank of South Carolina Corporation, (Nasdaq: BKSC) the parent Company for The
Bank of South Carolina, on December 14, 2006 declared a $.14 per share dividend,
payable January 31, 2007 to shareholders of record as of December 29, 2006. In
addition, The Board of Directors declared a special cash dividend of $.10 per
share, in honor of the 20th anniversary of the Bank, also payable January 31,
2007, to shareholders of record as of December 29, 2006. This is the 69th
consecutive dividend paid by the Corporation to its shareholders. Hugh C. Lane,
Jr., the Corporation's President and CEO stated, "In the last two years, we have
been able to double our earnings and achieve high performance returns on assets
of 1.74% and equity of 17.61% With these results and the celebration of our
twentieth anniversary next year, The Board of Directors felt it appropriate to
declare a special dividend of $.10 per share in addition to the regular
quarterly dividend of $.14 per share."

    The Bank of South Carolina, a De Novo Charter, which opened in 1987 at 256
Meeting Street, has offices in Summerville, Mt. Pleasant, and the West Ashley
community. It is also available on its' website at www.banksc.com. Bank of South
Carolina Corporation currently trades its common stock on the NASDAQ stock
market under the symbol "BKSC". Market makers for the stock for Bank of South
Carolina Corporation are: Robinson Humphrey Company, Inc., Sterne, Agee and
Leach Inc., Scott & Stringfellow, Inc., Nite Securities, LP, Speer, Leeds and
Kellogg and Howe Barnes.

SOURCE  Bank of South Carolina
    -0-                             12/14/2006
    /CONTACT:  William L. Hiott, Jr. of Bank of South Carolina,
+1-843-724-1500/
    /Web site:  http://www.banksc.com /