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Friday, 02 January 2009 |
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CHARLOTTE, N.C. -- Wachovia Corp., South Carolina’s largest bank by deposits and market share, is now officially absorbed into San Francisco-based Wells Fargo & Co. As of June 30, 2008, Charlotte-based Wachovia had $11.69 billion in deposits in South Carolina, well ahead of No. 2 Bank of America, which had $7.51 billion of South Carolina deposits.
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Tuesday, 23 December 2008 |
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CHARLESTON -- Three banks based in South Carolina have received cash infusions from the federal government’s financial rescue program totaling $423.4 million, and two more have applications in the pipeline. Charleston-based First Financial Holdings, the parent company of First Federal, is among the banks that already received money. The bank received $65 million this month.
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Tuesday, 23 December 2008 |
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COLUMBIA -- SCBT Financial Corp. announced last week it received preliminary approval from the U.S. Treasury Department to participate in the government’s Capital Purchase Program. SCBT was approved to sell the government between $21.6 million and $64.8 million in stock if it decides to participate.
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Monday, 15 December 2008 |
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AIKEN -- Aiken-based Security Federal Bank, which has 12 offices in South Carolina and one in Georgia, has received preliminary approval to sell $18 million in preferred stock to the U.S. Treasury Department through its Capital Purchase Program.
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Friday, 05 December 2008 |
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FLORENCE -- JP Morgan Chase & Co. is cutting almost 500 jobs from the Washington Mutual mortgage processing center in Florence. The cuts are among 9,200 jobs JP Morgan plans to eliminate as part of its takeover of Washington Mutual Bank.
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