The bank-control exodus from SC continues.
It leaves Lexington-based 1st Community Bank among the few remaining locallyowned banks.
United Bank of West Virginia officially took ownership of …
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The bank-control exodus from SC continues.
It leaves Lexington-based 1st Community Bank among the few remaining locallyowned banks.
United Bank of West Virginia officially took ownership of CresCom Bank last month.
That moves the 2nd largest locally-owned bank out of state.
Now investors in South State Bank, the largest, approved a merger to move the 86-year-old bank headquarters to central Florida.
The pending marriage is between South State and CenterState Bank of Winter Haven, Fla.
At the time, the stock swap was valued at $2.97 billion, according to the Charleston Post and Courier.
The covid-related market turmoil slashed that 40% to about $1.77 billion.
This will create a Top 10 Southeast bank, with $34 billion in projected assets, deposits of $26 billion, 300-plus branches and more than a million customers in 6 states.
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