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Shareholders approve Carolina Trust BancShares/Clover Community Bankshares deal

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Shareholders approve Carolina Trust BancShares/Clover Community Bankshares deal

Lincolnton, N.C.-based Carolina Trust BancShares Inc.'s and South Carolina-based Clover Community Bankshares Inc.'s respective shareholders approved the companies' planned merger at separate Dec. 12 shareholder meetings.

The Federal Deposit Insurance Corp. has already approved the deal, which is expected to close Jan. 1, 2019.