woodlands300.jpg Submitted by WWAY on Fri, 08/07/2009 - 3:42pm.

Another bank with local ties is under scrutiny by federal regulators. Woodlands Bank has branches in Wilmington and Southport. The bank is based in Bluffton, South Carolina. A spokesperson confirms the bank has been issued a cease and desist order, mandating the bank change the way it operates. Among other things, Woodlands Bank has to come up with a new business plan, and increase capital by the end of the year. The company is "absolutely confident" this will happen. Customers should not see any changes.

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