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Parent company of First Federal S&L posts $1.3 million loss in 3Q

By Wayne FaulknerWayne.Faulkner@StarNewsOnline.com

First Financial Holdings Inc. on Tuesday reported a loss of $1.3 million in its fiscal fourth quarter.The parent company of First Federal Savings and Loan Association of Charleston cited the continuing economic downturn and an increase in nonperforming loans. The company had a profit of $6.3 million in the fourth quarter of 2008.

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