The Palmetto Bank Promotes Commercial Banker in the Greenwood, South Carolina Market

April 21, 2015

GREENVILLE, SC – The Palmetto Bank, a wholly-owned subsidiary of Palmetto Bancshares, Inc. (NASDAQ: PLMT), announced that Matt Babb has been promoted to Vice President, Commercial Relationship Manager serving Greenwood and Abbeville Counties in South Carolina. Mr. Babb is responsible for loan and deposit production, providing qualified referrals to other lines of business, maintaining asset quality and business development.

“As a community bank, local lenders and local decision making are two critical factors for businesses today. Matt is both an experienced and skillful banker who cares about his clients. He has a deep understanding of the Greenwood and Abbeville markets and his promotion is well deserved,” said Coleman Kirven, Commercial Banking Executive at The Palmetto Bank.

Mr. Babb stated, “The Palmetto Bank has all of the resources to provide responsive service and innovative solutions to our clients in Greenwood and Abbeville Counties. I am committed to continuing the Bank’s tradition of delivering a great client experience.”

Mr. Babb joined The Palmetto Bank in 2007 as Branch Manager and most recently served as a Business Banker. He is a graduate of Wingate University with a Bachelor of Science. He is also a graduate of the South Carolina Bankers School sponsored by the S.C. Bankers Association in cooperation with Lander University. He is a resident of Greenwood and member of the Kiwanis Club of Greenwood.

 

Pictured: Matt Babb, Commercial Relationship Manager, Greenwood and Abbeville Counties, SC

 

About The Palmetto Bank (NASDAQ: PLMT)

Headquartered in Greenville, South Carolina, The Palmetto Bank is a 108- year old community bank and is the third largest banking institution headquartered in South Carolina. The Palmetto Bank has assets of $1.1 billion and serves the Upstate of South Carolina through 25 branch locations in nine counties along the economically attractive I-85 corridor, as well as 24/7/365 service through online and mobile banking, ATMs and telephone. The Bank has a unique understanding of the Upstate market and delivers local decision making with greater responsiveness. Through its Retail, Commercial and Wealth Management lines of business, the Bank specializes in providing financial solutions to consumers and small to mid-size businesses with deposit and cash management products, loans (including consumer, mortgage, credit card, automobile, Small Business Administration, commercial, and corporate), lines of credit, trust, brokerage, private banking, financial planning and insurance. The Bank provides solutions that improve the client experience by providing clients the ability to bank whenever they want, wherever they want. Additional information may be found at the Bank’s website at palmettobank.com or on Facebook.