South State Bank Donates $12,000 to SouthernCarolina Regional Development Alliance
August 4, 2015
WALTERBORO, SC – South State Bank donated $12,000 to the SouthernCarolina Regional Development Alliance (SCA) in a presentation made on July 15th at USC- Salkehatchie in Walterboro.
“South State Bank is proud to support the SouthernCarolina Regional Development Alliance with our donation. As a SCA board member, I am pleased to be able to make this donation to help build a better community through our region’s economic alliance,” said Lee Petrolawicz, senior vice president of South State Bank. “SCA works to develop infrastructure and schools in Colleton, Jasper, Barnwell, Allendale, Hampton and Bamberg Counties. SCA also markets our region’s strengths world-wide to attract corporations who will, in turn, create higher paying jobs in our area.”
Photo: Lee T. Petrolawicz, South State Bank area executive; Brantley Strickland, SCA project manager and Sandy Fowler, SCA consultant. Photo Credit: The Press & Standard.
“SCA is grateful for the support and involvement of South State Bank in our organization’s mission to improve the quality of life for our region,” said Danny Black, president and CEO of SouthernCarolina Alliance. “South State Bank’s financial investment will go towards marketing and industrial recruitment both nationally and internationally as well as developing quality industrial product within our communities.”
Recently, the six counties in the Southern Carolina region won the nation’s second rural Promise Zone designation. South State Bank is a supporting partner of this innovative program that allows Allendale, Bamberg, Barnwell, Colleton, Hampton and Jasper Counties to tap into federal money and other opportunities in new ways to grow jobs, improve education and reduce crime. SCA is the lead organization in this effort and will work closely with partners at the municipal, county, regional, state and federal levels, in both public and private sectors, to identify, pursue and implement the programs.
SouthernCarolina Alliance is a 501(c)(3), non-profit economic development organization representing Allendale, Bamberg, Barnwell, Colleton, Hampton and Jasper Counties, which are located in the southwestern portion of South Carolina. The mission of SouthernCarolina Alliance is to improve the quality of life for all of our citizens through job creation. With a primary focus of marketing our region worldwide, SCA operates with a professional staff specializing in marketing, industrial recruitment, commercial recruitment, product development, grant administration and project management.
South State Corporation is the largest bank holding company headquartered in South Carolina. Founded in 1933, the company’s primary subsidiary, South State Bank, has been serving the financial needs of its local communities in 19 South Carolina counties, 12 Georgia counties and 4 North Carolina counties for over 80 years. The bank also operates Minis & Co., Inc. and First Southeast 401K Fiduciaries, Inc., both registered investment advisors; and First Southeast Investor Services, Inc., a limited purpose broker-dealer. South State Corporation has assets of approximately $8.1 billion and its stock is traded under the symbol SSB on the NASDAQ Global Select Market. More information can be found at www.SouthStateBank.com.
