Six banks placed bids to buy First National Bank of the South, which federal regulators closed in July, according to records released Monday by the Federal Deposit Insurance Corp.
According to the FDIC, two banks with S.C. headquarters submitted competing bids: First Federal Savings and Loan of Charleston and First Citizens Bank and Trust of Columbia.
Other bidders were Ameris Bank of Moultrie, Ga., Bank of the Ozarks of Little Rock, Ark., and First Community Bank of Bluefield, Va.
North American Financial Holdings of Charlotte submitted the winning bid and acquired the bank in July in a transaction assisted by the FDIC.
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