Three Banks Fail In Virginia, South Carolina and Indiana

Regulators closed three banks this week in three different states – Virginia, South Carolina and Indiana. With today’s three bank closings, the number of failed banks in 2011 has increased to 61. The three banks that failed today had total assets of $2.5 billion and resulted in a loss to the FDIC Deposit Insurance Fund […]

BankMeridian, Columbia, SC, Closed By Regulators

BankMeridian, N.A., Columbia, South Carolina, was closed today by state regulators who appointed the FDIC as receiver.  The FDIC sold the failed bank to SCBT, Orangeburg, South Carolina, which will assume all deposits of the failed bank. BankMeridian which had a total of 3 branches, opened for business in May 2006.  The Bank raised $31.5 […]