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    • Waccamaw Bank narrows loss in second quarter

    The parent of Waccamaw Bank on Friday reported a loss of $127,753, or 2 cents a share, in the second quarter. A year earlier, it had a loss of $2.12 million, or 38 cents a share.
    Waccamaw Bankshares Inc., based in Whiteville, said results continued to be hurt by its provision for loan losses, which totaled $10.9 million, or 3.26 percent of assets, as of June 30, compared with $10.1 million, READ MORE

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    • Attention, those who have perpetrated mortgage fraud: The feds are throwing the book at guilty parties.A Goldsboro attorney faces up to 30 years in prison, five years of supervised release and a fine of up to $1 million after pleading guilty to mortgage fraud charges, writes the National Mortgage Professional Magazine.William DeVaughn Orander II of [...] Feds throwing the book at mortgage criminals
    • Park Sterling Bank on Thursday began a public offering of 23 million shares of common stock.Keefe, Bruyette & Woods is lead manager and sole book runner and Sandler O'Neill + Partners L.P., Morgan Keegan & Co. and Scott & Stringfellow are co-managers.The underwriters will have a 30-day option to buy up to an additional 15 [...] Park Sterling Bank begins share offering
    • A major business group and the federal government are partnering to offer to help to homeowners who are struggling with mortgage payments. And they want to get the word out.The  Advertising Council and the U.S. Departments of Treasury and Housing and Urban Development are pushing their partnership, called Making Home Affordable Program. It already [...] Ad Council, U.S. team up to help homeowners pay their mortgages
    • Forbes comes out with yet another list — the “10 Best Cities for Working Women With Kids”.But unless you consider Baltimore and D.C. the South (they are, after all, south of the Mason-Dixon), narry a Southern city made the grade.DOES ANYONE OUT THERE HAVE A CLUE AS TO WHY THIS IS? Forbes said it it [...] Women and children first Where?

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