COLUMBIA, S.C. - Shareholders of South Carolina Federal Corp. have approved a merger with a unit of First Union Corp. of Charlotte, N.C.

The transaction, announced last June and scheduled to be completed next month, is subject to regulatory approvals and other conditions.

South Carolina Federal is the parent of South Carolina Federal Savings Bank. Its addition will bring the assets of First Union National Bank of South Carolina to $2.3 billion.

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