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Investor group discloses stake in HCSB Financial

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Investor group discloses stake in HCSB Financial

An investor group that includes Castle Creek Capital PartnersVI LP disclosed beneficial ownership of 35,968,163 common shares, representing 9.9%, ofLoris, S.C.-based HCSB Financial Corp.,according to a Schedule 13D filed April 13.

Castle Creek Capital Partners also owns 740,318.37shares of a series of convertible perpetual preferred stock of HCSB, which are convertibleto nonvoting common stock, the filing noted.