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Southern First Bancshares in Greenville, S.C., is planning to sell 1.2 million shares of its common stock.
November 3 -
Southern First Bancshares (SFST) in Greenville, S.C., used a private placement to convert preferred stock tied to the Troubled Asset Relief Program into common stock.
January 28 -
Noninterest expenses remain persistently high at community banks as a need to pursue revenue undermines efforts to aggressively make cuts.
August 5
The $1 billion-asset company said in a regulatory filing Tuesday that it repurchased its remaining shares of preferred stock issued to the Treasury Department during the financial crisis.
Southern First said in the filing that it bought back 11,242 shares, valued at $1,000 each, from unnamed, third-party investors, who purchased the stock through a Treasury auction on July 3, 2012.
The company has nine branches in South Carolina, according to the Federal Deposit Insurance Corp.
