Notice of Application for Formation of Bank Holding Company
Bancshares of Carolina, Inc., Manning, South Carolina intends to apply to the Federal Reserve Board for permission to form a bank holding company with respect to The Bank of Clarendon, Manning, South Carolina. We intend to acquire control of The Bank of Clarendon, Manning, South Carolina. The Federal Reserve considers a number of factors in deciding whether to approve the application/notice including the record of performance of banks we own in helping to meet local credit needs.
You are invited to submit comments in writing on this application/notice to the Federal Reserve Bank of Richmond, P.O. Box 27622, Richmond, VA 23261. Comments can also be sent electronically to comments.applications@rich.frb.org. The comment period will not end before August 17, 2025 and may be somewhat longer. The Board's procedures for processing applications/notices may be found at 12 C.F.R. Part 262. Procedures for processing protested applications/notices may be found at 12 C.F.R. 262.25. To obtain a copy of the Federal Reserve Board's procedures, or if you need more information about how to submit your comments on the application/notice, contact Brent B. Hassell, Assistant Vice President, 804-697-2633. The Federal Reserve will consider your comments and any request for a public meeting or formal hearing on the application/notice if they are received in writing by the Reserve Bank on or before the last day of the comment period.
IPL0254893
Jul 17 2025