SCBT Announces Acquisition of Habersham Bank in FDIC-Assisted Transaction and Completion of $35 Million Capital Raise
SCBT Announces Acquisition of Habersham Bank in FDIC-Assisted Transaction and Completion of $35 Million Capital Raise
COLUMBIA, S.C.–(BUSINESS WIRE)–SCBT Financial Corporation (NASDAQ: SCBT) announced that its bank subsidiary, SCBT, N.A., has entered into a purchase and assumption agreement with loss share arrangements with the Federal Deposit Insurance Corporation (“FDIC”) to assume all of the deposits and certain other liabilities and purchase certain assets of Habersham Bank, a full service community bank …
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Categories: No Interest Loans Tags: Acquisition, announces, Bank, capital, Completion, FDICAssisted, Habersham, Million, raise, SCBT, transaction
Chuene ‘broke every rule in the book’, says report
Chuene ‘broke every rule in the book’, says report
Suspended Athletics SA president Leonard Chuene repeatedly went against the ASA constitution during his time at its head, according to a report.
Read more on Mail & Guardian
China inflation surprisingly low, risks point to tightening
China inflation surprisingly low, risks point to tightening
Chinese inflation hit a lower-than-forecast 4.9 percent in January, but price pressures excluding food were their strongest in at least a decade and will force the central bank to keep tightening monetary policy.
Read more on Reuters via Yahoo! News
Categories: No Interest Loans Tags: China, inflation, Point, risks, surprisingly, Tightening
Chris Vigil: Loan modifications, short sales can help struggling homeowners
Chris Vigil: Loan modifications, short sales can help struggling homeowners
Home prices dropped 2.6 percent nationwide during the last three months of 2010, pushing more borrowers underwater, according to a recent quarterly real estate market survey. Now, 27 percent of homeowners with mortgages owe more than their homes are worth. That’s up from 23.2 percent the previous quarter.
Read more on Pasadena Star-News
Categories: No Interest Loans Tags: Chris, Help, homeowners, loan, Modifications, Sales, Short, struggling, Vigil
ING lone stake buyer
ING lone stake buyer
The Dutch banking group ING remains the sole potential buyer of the Finance Ministry’s shares in TMB Bank, TMB chairwoman Saowanee Kamolbutr confirmed yesterday.
Read more on Bangkok Post – Thailand’s English news
Categories: No Interest Loans Tags: Buyer, lone, stake
Change in the air: Questions persist after selection of new EAS carrier
Change in the air: Questions persist after selection of new EAS carrier
When Ray Tracy of Billings and Melville rancher Dennis McDonald finally made it back to Billings on Feb. 4, a major snowstorm had messed up three out of four flights on their business trip to Oklahoma City, Okla. But they had only praise for their last leg back to Montana on Great Lakes Airlines.
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White House: Limit gov’t backing of mortgages
White House: Limit gov’t backing of mortgages
The Obama administration laid out three broad options Friday for reducing the government’s role in the mortgage market. All three would almost certainly lead to higher interest rates and costs for borrowers.
Read more on AP via Yahoo! News