First Financial Holdings, Inc. Reclassifies $155 Million of Loans as Held for Sale at June 30, 2011

27% profit every 20 days?

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First Financial Holdings,Inc. (Nasdaq: FFCH) announced today thatthe company reclassified approximately $155 million of certainnonperforming and performing loans to loans held for sale as of June 30, 2011.The company is pursuing potential loan sale alternatives that are expected toresult in the disposition of these assets prior to the calendar year end.

27% profit every 20 days?

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