First Federal assumes deposits and purchases assets of Plantation Federal

theflyonthewall.com

First Financial Holdings announced that First Federal has entered into a purchase and assumption agreement that includes a commercial loan loss share arrangement with the Federal Deposit Insurance Corporation to assume all deposits as well as certain assets and other liabilities of Plantation Federal Bank, a full-service community bank headquartered in Pawleys Island, South Carolina. The transaction was effective at the close of business today.

View Comments