The Palmetto Bank Arranges $3.1 Million Commercial Real Estate Loan

April 27, 2011

GREENVILLE, S.C. – The Palmetto Bank is pleased to announce $3,100,000 in construction financing for KDS Commercial Properties. Construction has begun for the mixed-use CVS project located at 7 South Main Street in downtown Greenville. Gary L. Johnsen, Commercial Relationship Manager, originated and closed the transaction.

Gary L. Johnsen, Commercial Relationship Manager, (864) 255-4703

About The Palmetto Bank
Headquartered in Greenville, South Carolina, The Palmetto Bank is a 104-year old independent state-chartered commercial bank and is the fifth-largest banking institution headquartered in South Carolina. The Palmetto Bank has assets of $1.4 billion and serves the Upstate through 29 banking locations in Abbeville, Anderson, Cherokee, Greenville, Greenwood, Laurens, Oconee, Pickens, Spartanburg and York counties. The Bank specializes in providing personalized community banking services to individuals and small to mid-size businesses including Retail and Commercial Banking, Mortgage, Trust, Brokerage, and Insurance.