Allendale County Bank, Fairfax, SC, Closed by Regulators, Sixth Bank Failure of 2014

South Carolina state regulators closed Allendale County Bank, Fairfax, SC, and appointed the FDIC as receiver.  In order to protect depositors the FDIC sold the failed bank to Palmetto State Bank, Hampton, South Carolina, which will assume all deposits of failed Allendale County Bank. According to the FDIC, selling a failed bank to another bank […]