Replies to post #23 on Waccamaw Bankshares (fka WBNK)

[56Chevy]

Company suing Waccamaw Bankshares

The company that bought more than $16 million worth of preferred stock in Waccamaw Bankshares wants its money back.

Monterey I Holdings LLC says in its suit against the parent of Waccamaw Bank that it bought 546,376 shares in December 2010 with the stipulation that the money would be accounted for as core, or "Tier 1," capital.


http://www.starnewsonline.com/article/20120127/ARTICLES/120129688?p=1&tc=pg