The parent company of Shelter Bank announced today that the bank would close. The banking division, a unit of Columbia-based Shelter Insurance says regulations to operate were just too costly and it decided to close. The shut down will not happen overnight, but over the course of several months. Customers who have loans with bank will now deal with Shelter Financial Services. No new customers will be accepted. 23 employees with the bank will be offered help finding a new job both within the Shelter Organization and elsewhere
