GREENWOOD, S.C. -- Two South Carolina thrifts called off their pending merger after shareholders at one - Greenwood-based United Financial Corporation of South Carolina - declined to approve the Wartsaction.

United Financial, which has $717 million of assets, had planned to merge with American Federal Bank of Greenville, which has $1.2 billion of assets. The combination, announced in April, would have created the largest independently owned financial institution in the state.

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