State Coverage: South Carolina
Coastal to Cut Risky Assets
American Banker | Sep 01Coastal Banking Co. of Beaufort, S.C., has entered into a formal agreement with regulators to reduce its risky assets.
Capital's Not the Half of It: Woes of Start-Ups
American Banker | Jul 16A handful of bank start-ups have managed to overcome tight capital markets, increased regulatory scrutiny and a soured public perception of the banking industry, and the organizers who have succeeded say it has not been easy.
In a Test of Investor Appetite, South Financial Seeks Capital
American Banker | Jun 19South Financial Group Inc. is about to find out just how much of the market's confidence the banking industry has regained.
First Financial of S.C. Plans to Raise Capital for Growth
American Banker | Oct 27Though its credit quality weakened, First Financial in Charleston, S.C., said Friday that earnings for its fiscal fourth quarter, which ended Sept. 30, increased 21.5% from ...
Ruling for Buyers Upheld in S&L Case
American Banker | Oct 07A federal appeals court has affirmed a lower court's ruling awarding SunTrust $30.6M of damages from the Fed in a case dating to the height of the savings and loan crisis.
South Carolina's First Citizens in Deal to Expand Core Deposit Base
American Banker | Jun 27First Citizens of Columbia, S.C., is paying top dollar in a deal to add core deposits and beef up market share in its home state. The bank said it would buy Community Bankshares …
SCBT Hopes to Copy Past Successes in Charlotte
American Banker | Jun 13Over the last decade SCBT Financial in Columbia, S.C., has built market share quickly in areas it has entered through acquisitions, and now it is aiming to replicate that success in …
South Carolina's First Citizens Makes a Deal in Georgia
American Banker | Mar 10First Citizens in Columbia, S.C., is expanding its reach in Georgia with a deal to buy the $145 million-asset Merchants and Farmers Bank of Comer for $37 million.
Community of South Carolina Closing Wholesale Arm
American Banker | Jan 22Community Bankshares Inc. in Orangeburg, S.C., said Friday that its Community Resource Bank is shuttering its wholesale mortgage brokerage business.
First Financial Profit Off 50%
American Banker | Jan 18First Financial in Charleston, S.C., said Thursday that earnings for its fiscal 2008 1Q fell 50%, to $2.9 million, because of costs associated with a new …
SCBT to Expand Into North Carolina
American Banker | Aug 31SCBT Financial Corp. in Columbia, S.C., said Thursday that it has a deal that would give it entry into North Carolina.
Deal Would Make a Top 10 South Carolina Bank
American Banker | Aug 28First National Bancshares Inc. of Spartanburg, S.C., announced plans Monday to buy the $226 million-asset Carolina National Corp. of Columbia, S.C., for $59 million in a deal that would create the ninth-largest banking company headquartered in the state.
First of North Carolina Buying Great Pee Dee
American Banker | Jul 16First Bancorp in Troy, N.C., has agreed to acquire Great Pee Dee Bancorp Inc. of Cheraw, S.C., for $38.2 million in stock.
Bank Impact Widens in North Carolina Land Fraud; Analysts Look for Deeper Implications
American Banker | Jun 15Depending on who is asked, a sophisticated land-fraud scheme that has ensnared several Southeast banks is either a sign that loan books are finally feeling the effects of a real estate downturn or an isolated event that will have little long-term impact on the banks involved.
South Carolina Bank Treds Carefully in Agent Integration Move
Mr. Garmhausen is a regular contributor to American Banker. | Jun 04Security Federal Corp., a community bank in Aiken, S.C., is doing something few banks if any have done successfully by moving 11 insurance agents into the same number of its branches.
