Anchor Financial Corp. announced plans Tuesday to acquire Comsouth Bancshares, Columbia, S.C., for about $71 million in stock.

Anchor, with $624 million of assets, would pay about $30.75 per share-or 4.6 times book value-for $217 million-asset Comsouth, the parent company of Bank of Charleston and Bank of Columbia. The deal is expected to close in the third quarter and would boost Anchor's assets to nearly $842 million.

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