Anchor Financial Corp. of Myrtle Beach, S.C., said this week that it would miss fourth-quarter estimates due to loan losses stemming from its acquisition of Bailey Financial Corp. in Clinton, S.C.The $1.2 billion-asset company also cited margin pressures and business disruption from Hurricanes Floyd and Irene.

Anchor, parent of Anchor Bank, said its fourth-quarter earnings per share would fall between 35 to 38 cents - about 30% short of its original projections. That prompted Sandler O'Neill & Partners in New York to cut 1999 full-year earnings-per-share estimate by nine cents, to $1.77, while First Union Capital Markets in Richmond dropped its estimate 13 cents, to $1.76.

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