South Carolina

Absorbing Health Facilities FCU will deepen S.C. Federal's presence in the city of Florence.

United Bankshares in West Virginia was willing to pay a healthy premium for Carolina Financial, one of a dwindling number of available banks with more than $4 billion in assets.

The company will pay $1.1 billion for Carolina Financial in Charleston, S.C., in a deal that will add nearly $5 billion in assets.

Skip Brown, an executive with Winston-Salem Banking Group, says it has signed a letter of intent to buy a community bank three months after withdrawing a charter application.

Jason S. Lee is joining the Summerville, S.C.-based institution as president and chief operating officer but he will eventually take over as CEO.

The company, based in Charleston, S.C., will buy Carolina Trust in western North Carolina for $100 million.

Spartan FCU members approved a deal earlier this year to join South Carolina Federal Credit Union.

The North Carolina company will have two branches remaining in South Carolina after the sale closes.

The national awareness initiative has broadened its rollout to the Carolinas after launching in Minnesota earlier this year.

Georgia-based Augusta VAH Federal Credit Union is set to merge into South Carolina's SRP FCU.

The South Carolina institution has returned more than $31 million to members over the last 22 years.

The North Carolina company agreed to pay $38 million in cash for First South Bancorp.

As the industry relies more on digital products, credit unions are looking for ways to update their financial literacy programs to become more interactive and reach a broader audience.

Wells Fargo will lay off 1,000 workers primarily from its mortgage unit in the first major round of a previously announced plan to cut the bank's workforce by as much as 10% over the next three years.

Augusta VAH Federal Credit Union in Augusta, Ga. has announced plans to merge into SRP FCU, across the state line in nearby North Augusta, S.C.

Donations to CUAid will go toward assisting credit union employees and volunteers impacted by the storm.

At South Carolina FCU, they're looking for employees who want more than just a paycheck.

More than $37,000 has been donated to the National Credit Union Foundation's CUAid initiative, while SECU has made a $1 million contribution to a local food bank providing relief.

The storm dumped a record amount of rain on North Carolina over several days. Some sections of the coast remain off limits due to flooded highways.

There was no major damage reported after the storm, though one of the nation's largest credit unions was forced to temporarily shutter as many as 20 branches.