REPLACEMENT REVOLVING CREDIT NOTE

FOR VALUE RECEIVED , the undersigned, COMMUNITY BANKSHARES, INC., a Georgia corporation (the “Borrower”), hereby promises to pay to the order of SUNTRUST BANK, a Georgia banking corporation (the “Bank”), at its Principal Office located at 25 Park Place, Atlanta, Georgia, the principal amount of ONE MILLION AND NO/100THS DOLLARS ($1,000,000.00) or so much thereof as may be from time to time disbursed hereunder, in lawful money of the United States and in immediately available funds. This Note is executed and delivered as a renewal of the Revolving Credit under the Loan Agreement hereinafter defined and shall renew, modify and replace that certain Replacement Revolving Credit Note in the maximum principal amount of $1,000,000.00 by and between Borrower and Bank dated May 31, 2003. Upon execution and delivery of this Note by Borrower to Lender, this Note shall evidence Borrower’s obligation to Lender in regard to the Revolving Credit.

Prior to the Revolving Maturity Date, the Borrower may request Advances to be made pursuant to this Note and repay such Advances in accordance with the Amended and Restated Revolving Credit/Term Loan Agreement dated as of July 31, 2000 between Borrower and Bank (as modified, amended, supplemented or restated from time to time, the “Prior Loan Agreement”). Interest shall accrue and be paid upon such Advances in accordance with the Prior Loan Agreement. Accrued but unpaid interest shall be payable on the last day of each consecutive three month period commencing July 31, 2004 and on the Revolving Maturity Date. The entire principal balance shall be due a