South Carolina Federal corp., Columbia, may be facing an investor-led takeover. A group including private investor Jerry Zucker said it may seek approval from the Office of Thrift Supervision to raise its stake in the thrift to more than 10%. Mr. Zucker owns 9.9% now.

In a Securities and Exchange Commission filing, the group said it may also propose or sponsor candidates for election to South Carolina Federal's board.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

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