Columbia Real Estate Update 8-1-2011
TODAY'S HEADLINES / AUG. 1, 2011
BankMeridian is the first Columbia-based bank to wind up on the list of failed banks since the Great Recession ended. BankMeridian is the third acquisition SCBT has made in the past year.
The Hartsville packaging manufacturer’s Brussels-based subsidiary, Sonoco-Alcore, is making multimillion-dollar investments in three of its European uncoated recycled paperboard mills. The investments are to improve the plants’ energy efficiency, product range and environmental performance.
The S.C. universities received $657,686 for various programs, including faculty loans, nurse anesthetist training and advanced education nursing. The grants were part of $71.3 million in grants from the Department of Health and Human Services.
The Charlotte-based synthetic fibers supplier said it is proceeding with the acquisition of Wellman Inc.’s U.S. polyethylene terephthalate resins business. DAK expects to close the transaction by the end of this month.
The Rock Hill-based bank reported a loss of $110,000 for the quarter ended June 30, compared with a loss of $414,000 for the same period in 2010. For the first half of the year, the bank reported a loss of $116,000, compared with a loss of $514,000 in the first half of 2010.
Thomas Milliken Jr. has joined the Columbia-based real estate agency. He was previously vice president of employee benefits with BB&T Boyle Vaughan.
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