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First Financial Holdings, Inc. (Nasdaq:FFCH) announced that the company reclassified approximately $155 million (book value) of certain nonperforming and performing loans to loans held for sale as of June 30, 2011. The company is pursuing potential loan sale alternatives that are expected to result in the disposition of these assets prior to the calendar year end.
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RTI Biologics Inc. (NASDAQ:RTIX) announced yesterday that it has signed an agreement to provide spinal allograft implants to Alphatec Spine, Inc. Under the agreement, which is effective immediately and has a three year term with the option to renew, RTI Biologics will process allograft implants for use in spine made from assembled cortical allograft.