Union (S.C.) Financial Bancshares said late last week that it would buy South Carolina Community Bancshares of Winnsboro for $9.5 million of stock and cash.

South Carolina Community shareholders would get $12.25 a share of Union stock and $5.25 a share in cash.

Union is a $192 million-asset savings bank with five branches. It is the parent of Provident Community Bank. South Carolina Community is the $45 million-asset parent of Community Federal Savings Bank. The deal is expected to close before yearend.

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