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Article: United States : First National Bancshares Files Second Quarter 2009 Report.
- Article from:
- TendersInfo
- Article date:
- August 17, 2009
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Byline: babalu03
First National Bancshares, Inc. (Nasdaq:FNSC), announced today results for the quarter ended June 30, 2009.
The results include the Company's accelerated efforts to resolve non-performing assets as part of its strategic plan. The earnings also reflect a one-time charge for increased insurance premiums by the FDIC, which has assessed all banks to rebuild its Deposit Insurance Fund.
First National Bancshares, the holding company for Spartanburg-based First National Bank of the South, posted a loss of $20 million for the second quarter of 2009, which included an $18.0 million non-cash provision for loan losses. Total deposits ...