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[krazeeboi]

Two more South Carolina banks — First National Bank of the South of Spartanburg and Woodlands Bank of Bluffton — were seized Friday by federal regulators. Now three state-based banks have failed this year since Beach First of Myrtle Beach was shut down in April (I'm guessing that The South Financial Group doesn't count yet, since shareholders have not yet officially approved its acquisition by TD Bank). First National was bought Friday by a new Charlotte bank, NAFH National Bank, while Bank of the Ozarks of Little Rock, Ark., took over Woodlands. First national has 13 branches in six counties statewide; Woodlands has eight branches in South Carolina, Alabama, and Georgia and a loan office in Florida.