{"id":20802,"date":"2010-07-17T22:24:42","date_gmt":"2010-07-17T22:24:42","guid":{"rendered":"http:\/\/127.0.0.1\/site\/2017\/2\/1985\/two_more_banks_fail_in_south_carolina\/"},"modified":"2010-07-17T22:24:42","modified_gmt":"2010-07-17T22:24:42","slug":"two_more_banks_fail_in_south_carolina","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=20802","title":{"rendered":"Two more banks fail in South Carolina"},"content":{"rendered":"<p>Two more South Carolina banks \u201d\u201d First National Bank of the South of Spartanburg and Woodlands Bank of Bluffton \u201d\u201d were seized Friday by federal regulators.<\/p>\n<p>Now three state-based banks have failed this year. In April, Beach First of Myrtle Beach became the first South Carolina bank shut down since the 1999 closure of Columbia\u2019s Victory State Bank.<\/p>\n<p>So far this year, 96 banks nationwide have failed \u201d\u201d nearly the double the pace from 2009.<\/p>\n<p>Meanwhile, regulators\u2019 list of problem banks keeps rising. In South Carolina, 14 banks \u201d\u201d roughly 15 percent of the state\u2019s total \u201d\u201d have been ordered by regulators to bolster their balance sheets since 2008, according to records.<\/p>\n<p><a href=\"http:\/\/www.thestate.com\/2010\/07\/17\/1380545\/two-more-banks-fail-in-sc.html\">Read the whole thing<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Two more South Carolina banks \u201d\u201d First National Bank of the South of Spartanburg and Woodlands Bank of Bluffton \u201d\u201d were seized Friday by federal regulators. Now three state-based banks have failed this year. In April, Beach First of Myrtle<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=20802\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":794,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40,54,149,585,596,584],"tags":[],"class_list":["post-20802","post","type-post","status-publish","format-standard","hentry","category-economics-politics","category-south-carolina","category-economy","category-the-banking-systemsector","category-the-credit-freeze-crisis-of-fall-2008the-recession-of-2007","category-the-u-s-government"],"_links":{"self":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/20802","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/users\/794"}],"replies":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=20802"}],"version-history":[{"count":0,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/20802\/revisions"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=20802"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=20802"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=20802"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}