-
First Financial Holdings (SCBT) in Columbia, S.C., is planning to change its name for the second time in as many years.
February 18 -
SCBT Financial Corp. in Columbia, S.C., added $35 million in capital base to complement its acquisition last week of a failed bank.
February 22 -
Four bank failures book-ended the country on Friday. The four banks had a total of $1.05 billion in assets and are expected to cost the Deposit Insurance Fund $267.6 million collectively. So far, 22 institutions have failed so far this year.
February 21
The Federal Deposit Insurance Corp. is suing eight former officers and directors of Habersham Bank over their role in the failure of the Clarkesville, Ga., lender.
The FDIC is seeking at least $15.3 million in damages, according to a
The collapse of the $388 million-asset bank cost the FDIC roughly $141 million, according to the complaint. It was
The former Habersham officers named in the lawsuit include Chief Executive David Stovall, Chief Operating Officer Bonnie Bowling, Chief Credit Officer M. Edward Hoyle, Vice President of Commercial Lending Andrew Coker and Senior Vice President Frank Felker.
Former directors Edward Ariail, Michael Martin and Michael Owen, all of whom were members of the bank's loan committee, are also named in the suit.
All eight defendants face charges of negligence, gross negligence and breach of fiduciary duty.
