Anchor Financial Corp., Myrtle Beach, S.C., has announced plans to buy M&M Financial Corp., a $170 million-asset banking company in Marion, S.C., for about $35.5 million.

Anchor, with $625 million of assets, said it would exchange 0.87 of a share for each M&M share.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.