BankMeridian seized; SCBT takes over
07/30/2011
One of South Carolina’s newest banks was seized by regulators Friday.
Columbia-based BankMeridian, begun in 2006, was closed by the Office of the Comptroller of the Currency, which then appointed the Federal Deposit Insurance Corporation as receiver, according to an FDIC press release.
The FDIC brokered a deal with Columbia-based SCBT Financial Corp. to assume all of the deposits of BankMeridian.
BankMeridian’s three branches - in Columbia, Spartanburg and Hilton Head – will reopen on Monday as branches of Columbia-based SCBT and BankMeridian depositors will automatically become depositors of SCBT.
