Bank Closings? Its Friday !
softparade
Posts: 9,276 ✭✭✭✭✭
Forgive me for relying on this forum for this info. I am too busy to investigate myself.
Where's the BEEF?
Where's the BEEF?
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The Wall Street Journal
Myrtle Beach Bank Fails, Year's 42nd
By JUDITH BURNS
Federal bank regulators announced the closing Friday of Beach First National Bank of Myrtle Beach, S.C., making the bank the 42nd U.S. lender to fail this year and the first South Carolina failure in more than a decade.
Beach First's seven branches will be acquired by Bank of North Carolina, based in Thomasville, N.C., and its depositors will automatically become depositors of Bank of North Carolina, the Federal Deposit Insurance Corp. said in a statement.
The latest bank failure is expected to cost the FDIC's deposit insurance fund $130.3 million.
--Severian the Lame