First Financial Holdings, Inc. (NASDAQ:FFCH)
A savings & loan holding Company and a financial holding Company which operates principally through First Federal Savings and Loan Association of Charleston.
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Mid-size bank, set for growth thru acquistions for medium term.
Recs
Unemployment and foreclosure rates are still rising, consumer and commercial borrowing remain restricted, and small businesses are getting hammered.
Recs
The strong Coastal SC Market and FFCHs strong market position there will pay off quite well as the economy recovers. They have always been a bit careful and protective of the company which is why they are the only significant local player to have survived so many years (75). Coastal SC consistently is rated as one of the top 5 Places to live (Charleston) most recently by Travel & Lesuire this month.
Long term (4+) yars can be concerning as internet banking grows and the national reach continues but South Carolinians are known for keeping it local and being very independent...for good and bad.
Recs
In anticipation of the eventual rebound of the financial sector. A little early for bottom feeding, but I am just indiscriminately putting all stocks that are tagged S&L.
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