From: Richard N. Burch
Sent: August 15, 2006
Subject: File No. S7-03-06

I would like to offer my support for the requirement to disclose compensation for non-executive employees whose total compensation was greater than any executive officer. I feel that compensation of these employees should be disclosed due to the impact their compensation has on the overall compensation. The investor is in the dark on large payments to executives that are not termed "executive officers."

Thank you.

Richard N. Burch
Chief Financial Officer
Beach First National Bank
1550 Oak Street
Myrtle Beach, SC 29577