South Carolina Federal names new Chief Operating Officer and Senior VP of Lending
South Carolina Federal Credit Union has named a new Chief Operating Officer and added an employee to its senior management team. Trey Gantt has been promoted to Chief Operations Officer, and David Dulaney to Senior Vice President of Lending Services. Gantt most recently served as the SVP of Lending Services and has been with the…
Read MorePosted in: lowcountrybizsc Category: banking-and-finance, headlines, on-the-move
First Reliance Bank to concentrate resources on Mount Pleasant branch as sole location for the Charleston market
In concert with a banking industry trend to concentrate resources on its strongest branch locations, First Reliance Bank has announced that effective May of 2020, it will service the Charleston market entirely from its Mount Pleasant branch. The employees and resources currently at the downtown Charleston location will be redeployed to its thriving Mount Pleasant…
Read MorePosted in: lowcountrybizsc, midlandsbiz Category: banking-and-finance, headlines, on-the-move
SAFE Federal Credit Union gives $1.3 Million back to members
Members of SAFE Federal Credit Union received annual bonus dividends and interest rebates on December 31 totaling approximately $1.3 million. The payments were based on members’ account usage. Deposit accounts, including certificates, received an 8 percent bonus based on dividends received in 2019. Loan accounts (except credit cards) received a 3 percent rebate based on total interest paid…
Read MorePosted in: lowcountrybizsc Category: banking-and-finance, on-the-move
Recipient of Servant’s Heart Award chosen as next executive director for Family Promise of the Midlands
Jeff Armstrong, an experienced non-profit administrator, has been named executive director of Family Promise of the Midlands. Since 2016, he has served United Way of the Midlands in various capacities: as youth program manager, as a leader with the Resilient Richland initiative, and as the affordable housing coordinator. Prior to moving to Columbia, Armstrong directed…
Read MorePosted in: midlandsbiz Category: banking-and-finance, non-profit, on-the-move
South State Bank names state & regional presidents, adds commercial & treasury talent
COLUMBIA, SC – South State Bank announced presidents of North Carolina and Virginia, in addition to two regional presidents. The bank continues to build its Commercial and Treasury teams with the addition of six seasoned bankers. “Our significant presence in the four states we serve has created the need for increased regional focus, and we…
Read MorePosted in: midlandsbiz Category: banking-and-finance, on-the-move
New directors elected to AgFirst Farm Credit Bank board
AgFirst Farm Credit Bank stockholders have elected two new directors and re-elected three incumbent directors to four-year terms. A new outside director also has been appointed to the board. All six began their terms on the Board of Directors for the Columbia-based bank Jan. 1, 2020, and will serve until Dec. 31, 2023. Mike Patrick…
Read MorePosted in: midlandsbiz Category: banking-and-finance, on-the-move
Robert Dozier joins First Reliance Bank as Chief Banking Officer
Robert Dozier has joined First Reliance Bank as Chief Banking Officer. Dozier is responsible for corporate strategy and the strategic market expansion of First Reliance Bank’s footprint throughout the Carolinas. In addition, he will oversee commercial sales management and community development for all markets. Mr. Dozier has over 30 years’ experience in the banking industry.…
Read MorePosted in: lowcountrybizsc, midlandsbiz, upstatebizsc Category: banking-and-finance, on-the-move
State Treasurer Curtis Loftis announces new statewide Financial Literacy initiative
Goal is to energize and increase number of South Carolina teachers offering personal finance education in their classrooms South Carolina Treasurer Curtis Loftis today announced the launch of the South Carolina Financial Literacy Master Teacher Program, a new statewide financial literacy initiative, that aims to energize more teachers about the importance of incorporating personal finance…
Read MorePosted in: lowcountrybizsc, midlandsbiz, upstatebizsc Category: banking-and-finance, education, on-the-move
Regional Management Corp. announces appointment of Manish Parmar as new Chief Credit Risk Officer
GREENVILLE, SC -Regional Management Corp. (NYSE: RM), a diversified consumer finance company, announced that it has appointed Manish Parmar as its new Chief Credit Risk Officer. His predecessor, Daniel J. Taggart, will remain with the Company to ensure a smooth and orderly transition before departing from the Company in the first quarter of 2020. Mr.…
Read MorePosted in: upstatebizsc Category: banking-and-finance, on-the-move
Countybank Foundation presents $2,500 to Daily Bread Ministries
Kevin Duncan, Greer City Executive for Countybank, and Candice Good, Greer Market Administrator, recently presented a check for $2,500 to Daily Bread Ministries during the Merle State Hunger walk event. The donation was given on behalf of the Countybank Foundation, which was established in 1971 and represents Countybank and Greenwood Capital. The Merle State Hunger…
Read MorePosted in: upstatebizsc Category: banking-and-finance, non-profit, on-the-move
State Treasurer Curtis Loftis announces Moody’s has affirmed the State’s Aaa credit rating
State Treasurer Curtis Loftis announced that Moody’s Investment Services has affirmed South Carolina’s Aaa credit rating. Further the outlook for the state’s rating was deemed stable, given the expectation that its conservative financial management will adjust accordingly in the event of an economic downturn. “South Carolina has a great story to tell, and I am…
Read MorePosted in: lowcountrybizsc, midlandsbiz, upstatebizsc Category: banking-and-finance, government, on-the-move
South Carolina Federal hires new CFS* investment advisor
South Carolina Federal Credit Union has added a new advisor to Investment Solutions, through CUSO Financial Services, L.P. (CFS)*. Michael Dart joins Investment Solutions through CFS* with five years of experience as a Financial Advisor. Previously, Dart worked for Bank of America and Edward Jones Investment in Charleston. He has his Series 7 License and…
Read MorePosted in: lowcountrybizsc Category: banking-and-finance, on-the-move
SC Community Loan Fund earns $500,000 grant from Wells Fargo to spark small business growth
Wells Fargo announced a new boost to diverse small businesses in South Carolina with a $500,000 grant to South Carolina Community Loan Fund (SCCLF), focusing on helping small-business owners with lending, technical assistance and community relationship-building with historically underserved small-business owners as a way to stimulate local economic growth and jobs. The grant, from the…
Read MorePosted in: lowcountrybizsc, midlandsbiz, upstatebizsc Category: banking-and-finance, on-the-move
WomenInc. Magazine recognizes UCBI Board Members on 2019 Most Influential Corporate Directors list
United Community Banks, Inc. announced two members of its Board of Directors – Jennifer Mann and Cathy Cox – were named to WomenInc. Magazine’s 2019 list of Most Influential Corporate Directors, published earlier this month. WomenInc. Magazine is a leading business magazine dedicated to women’s success and achievement. Its 2019 list features more than 700…
Read MorePosted in: lowcountrybizsc, midlandsbiz, upstatebizsc Category: banking-and-finance, on-the-move
COO Kevin Blair appointed Synovus president
Synovus Financial Corp. announced Kevin Blair as president, effectively immediately. He will continue in his role as chief operating officer (COO), reporting directly to Synovus Chairman and CEO Kessel Stelling. Blair previously served as the company’s chief financial officer (CFO) and was promoted to COO in December 2018. As president and COO, Blair will continue…
Read MorePosted in: lowcountrybizsc, midlandsbiz, upstatebizsc Category: banking-and-finance, headlines, on-the-move
TD Bank ranks no. 1 in SBA lending in its Maine-to-Florida footprint
TD Bank helped more than 2,900 businesses grow in 2019 through its U.S. Small Business Administration (SBA) lending program. TD Bank ranked No.1 for the third consecutive year in total number of approved loan units in its Maine-to-Florida footprint in the SBA’s top two lending products: 7(a) and 504 loans. TD was also the top…
Read MorePosted in: lowcountrybizsc, midlandsbiz, upstatebizsc Category: banking-and-finance, on-the-move
‘Solutiant, a Division of TELECO’ is now TELECO
TELECO dissolves the sub-brand to better serve their customers Founded in 1981, TELECO, a Greenville, SC based company with a branch office in Deerfield Beach, FL has been a recognized name in the technologies industry for many years. As technology was changing and improving over time and they began to incorporate many new products and…
Read MorePosted in: upstatebizsc Category: banking-and-finance, on-the-move
Diversified Trust names Michael Gragnani as managing principal
Comprehensive Wealth Management Firm Expands Leadership Team ATLANTA, GA – Diversified Trust, an independent comprehensive wealth management firm with offices throughout the Southeast and over $7 billion of client assets under management, announced that Michael Gragnani, CFP, is the new managing principal of the firm’s Atlanta office. “Michael is a tremendous leader dedicated to our…
Read MorePosted in: upstatebizsc Category: banking-and-finance, business-services, on-the-move
South Carolina Federal wins a Glassdoor Best Places to Work Award
South Carolina Federal Credit Union has been honored with a Glassdoor Employees’ Choice Award, which recognizes the Best Places to Work in 2020 in the U.S. small and medium sized company category. The credit union achieved an overall company rating of 4.7 out of 5.0 based on reviews from former and current employees. “We are…
Read MorePosted in: lowcountrybizsc Category: banking-and-finance, on-the-move
South Carolina Federal to merge with Health Facilities Federal Credit Union
South Carolina Federal Credit Union announced an upcoming merger with Health Facilities Federal Credit Union, after an affirmative membership vote held November 21, 2019. South Carolina Federal, at nearly $2 billion in assets, has been serving members throughout the state for over 80 years, and the people of Florence since 2016. “We are very proud…
Read MorePosted in: lowcountrybizsc, midlandsbiz Category: banking-and-finance, headlines, on-the-move
Countybank and Greenwood Capital donate $47,002 to United Way Greenville
Countybank and Greenwood Capital donated 47,002 as part of their annual campaign to United Way of Greenville County. Associates from both organizations made personal pledge donations totaling $37,002 as part of the employee campaign, while the Countybank Foundation provided an additional campaign contribution of $10,000. “The incredible generosity from the team at Countybank and Greenwood…
Read MorePosted in: upstatebizsc Category: banking-and-finance, non-profit, on-the-move
Mark Freeman joins Synovus as senior middle market banker
Mark Freeman has joined Synovus as senior vice president, senior middle market banker. Freeman has more than three decades of banking experience and will focus on meeting the financial needs of middle market and corporate businesses with annual revenues in excess of $25 million in Upstate South Carolina. He was previously senior vice president, relationship…
Read MorePosted in: upstatebizsc Category: banking-and-finance, on-the-move
AllSouth made a difference in the community in 2019
AllSouth is dedicated to giving back and making a difference in the communities it proudly serves. In 2019, AllSouth implemented a new volunteer program which offered opportunities for their team members to volunteer with local non-profit organizations in the Midlands. This program offered paid time to team members for volunteering. Through their volunteer program, AllSouth…
Read MorePosted in: midlandsbiz Category: banking-and-finance, on-the-move
Four Northwestern Mutual wealth advisors receive CERTIFIED FINANCIAL PLANNER™ certification
Northwestern Mutual wealth advisors Luke Brooks, Joe Funderburk, Thiago Pinheiro and Machaka Young have earned the prestigious CERTIFIED FINANCIAL PLANNER™ certification – one of the most respected certifications in financial services. CFP® wealth advisors are rigorously trained in 72 areas of financial expertise and must accrue thousands of hours of experience prior to earning their…
Read MorePosted in: upstatebizsc Category: banking-and-finance, on-the-move
United Way of the Midlands hosts panel discussion on managing end-of-year finances for December 4 Leadership Learning Lab event
United Way of the Midlands’ Leadership Learning Lab series (3LS) will host a panel discussion on Wednesday, December 4 from 11:30 a.m. to 1:00 p.m. called Finances Life Hack: QuickBooks Online Tips & Tricks. The panelists, Nick Annan, CPA and Mary Beth Tipton, ABA of Elliott Davis, will discuss the overall benefits, tips and tricks…
Read MorePosted in: midlandsbiz Category: banking-and-finance, business-services, conversations, economic-development, on-the-move
Kelly Carter named Chief Financial Officer of SAFE Federal Credit Union
SAFE Federal Credit Union has selected Kelly Carter, CPA as its new Chief Financial Officer. Carter succeeds Debbie Jordan who will retire in early 2020 with more than 41 years of service to the credit union. Carter is a Valley View, Pennsylvania native who served in various positions at Gratz Bank in Pennsylvania for seven…
Read MorePosted in: midlandsbiz Category: banking-and-finance, on-the-move
Highest Morningstar RatingTM for Wallick Investments’ Fidelis composite for 3-year risk-adjusted performance as of September 30, 2019
1 of only 7 RIA firms in SC to receive Morningstar Separate Account Ratings, Wallick Investments, LLC’s Fidelis composite received a 5-star Morningstar Rating among 464 large-cap value products for 3-year risk-adjusted performance, and a 4-star Morningstar Rating for 5-year and Overall risk-adjusted performance as of September 30, 2019. Morningstar® is a leading provider of…
Read MorePosted in: midlandsbiz Category: banking-and-finance, on-the-move
Ramon Nieves-Lugo elected Associate Board Member for CPM Federal Credit Union
Ramon Nieves-Lugo, Principal of UniComm Media Group (UMG), was elected in October to serve as an Associate Board Member for CPM Federal Credit Union, which has two branches in Greenville and 10 more across SC with over $350 million in assets. He will serve a three-year term, which began on November 1. CPM was formed…
Read MorePosted in: upstatebizsc Category: banking-and-finance, on-the-move
WellSpent conference will focus on linking business and healthcare leaders this February
WellSpent, the first conference in a much larger statewide initiative to bring together business and healthcare leaders, will be held this February as a major step toward solving many of the issues facing the economic impact of healthcare and wellness. WellSpent’s goal is to educate, influence and persuade key stakeholders on the importance of healthcare…
Read MorePosted in: upstatebizsc Category: banking-and-finance, business-services, health-care, on-the-move
United Community Bank to participate in Angel Tree Gift Giving This Holiday Season
United Community Bank announced its Upstate branches will be providing Christmas gifts to local children through its annual Angel Tree program. Participating branches will place Christmas trees in their lobbies with “Be an Angel” tags displaying information for deserving children. United has partnered with a number of social service agencies and humanitarian organizations across the…
Read MorePosted in: upstatebizsc Category: banking-and-finance, on-the-move
Federal Home Loan Bank of Atlanta announces results of 2019 Board of Directors’ election
Federal Home Loan Bank of Atlanta (FHLBank Atlanta) announced the results of the 2019 director election. The Bank conducted an election to fill the member directorship for South Carolina, and two independent directorships. Each of the directors-elect will begin a four-year term commencing on January 1, 2020. FHLBank Atlanta institutions re-elected William C. Handorf and…
Read MorePosted in: upstatebizsc Category: banking-and-finance, on-the-move
Bank of South Carolina opens North Charleston office
The Bank of South Carolina Corporation, holding company of the Bank of South Carolina, opened a new banking office at 9403 Highway 78 in North Charleston, South Carolina. The office will serve as the Bank’s fifth location in the greater Charleston area and its first in North Charleston. Fleetwood S. Hassell, President of the Bank…
Read MorePosted in: lowcountrybizsc Category: banking-and-finance, on-the-move
United Community Bank launches new website
As part of its ongoing effort to provide a high level of service to all customers, United Community Bank is proud to announce the launch of its new website. Still located at www.ucbi.com, the new site features a refreshed look, improved navigation, robust learning center, and more. This was a strategic decision made by United…
Read MorePosted in: lowcountrybizsc, midlandsbiz, upstatebizsc Category: banking-and-finance, on-the-move
Kalisse L. Evert joins Greenwood Capital team
Greenwood Capital announced the addition of Kalisse L. Evert to the client service team as a Private Client Administrator and Office Manager for the Downtown Greenville office, located at 201 W. McBee Ave. In this role, Ms. Evert is dedicated to supporting both clients and advisors towards Greenwood Capital’s overarching goal to guide clients through…
Read MorePosted in: upstatebizsc Category: banking-and-finance, on-the-move
TreesUpstate selected to partner with TD Tree Days
TD Bank selected TreesUpstate to participate in TD Tree Days, a community-based program that expands urban forests and green spaces in low- to moderate-income neighborhoods. Staff and volunteers of TreesUpstate joined local employees of TD Bank to plant 75 native trees at Northwest Park in Greenville on Tuesday, October 29. “We’re excited to team with…
Read MorePosted in: upstatebizsc Category: banking-and-finance, environmental, non-profit, on-the-move
TD Bank names Mike Farmer regional vice president
Accomplished Banking Executive Joins Midlands Team TD Bank has named Mike Farmer as regional vice president for the Midlands market. He will be responsible for managing a team of commercial bankers to expand TD’s market share by extending the bank’s legendary service to both its customers and the community. Farmer brings 30 years of experience…
Read MorePosted in: midlandsbiz Category: banking-and-finance, on-the-move
GrandSouth Bank announces new board member and two new commercial bankers in Greenville
GrandSouth Bank has added a new board member, J. Randolph Potter, as well as two new Senior Vice Presidents of Commercial Banking, Chris Robinson and Jill Waters. J. Randolph Potter is a former bank CEO. His extensive experience has taken him to Augusta, Georgia as well as Aiken, Columbia, and Greenville, South Carolina. Mr. Potter co-founded and was the CEO of Savannah River Banking Company and…
Read MorePosted in: upstatebizsc Category: banking-and-finance, on-the-move
United Community Banks, Inc. reports Third Quarter Results
EPS of $0.60 and ROA of 1.51%; Operating ROA reaches 1.58% United Community Banks, Inc. (NASDAQ: UCBI) (“United”) today reported strong third quarter financial results, including solid year-over-year loan and deposit growth, record operating efficiency and strong asset quality. Diluted earnings per share were $0.60, an increase of $0.06 or 11% from a year ago.…
Read MorePosted in: upstatebizsc Category: banking-and-finance, on-the-move
2019 official SC Top 25 Fastest Growing Companies
South Carolina’s Fastest Growing Companies competition is the annual ranking of the Palmetto State’s 25 most dynamic and successful companies. This event is presented by The Capital Corporation and co-sponsored by Integrated Media Publishing (publisher of Greenville Business Magazine, Columbia Business Monthly and Charleston Business Magazine), PNC Bank, Keenan Suggs| HUB Insurance and A.T. Locke,…
Read MorePosted in: lowcountrybizsc, midlandsbiz, upstatebizsc Category: banking-and-finance, on-the-move
United Community Banks, Inc. reports Third Quarter Results
United Community Banks, Inc. reported strong third quarter financial results, including solid year-over-year loan and deposit growth, record operating efficiency and strong asset quality. Diluted earnings per share were $0.60, an increase of $0.06 or 11% from a year ago. Excluding merger-related and other charges, diluted operating earnings per share were $0.63, up 15% over…
Read MorePosted in: lowcountrybizsc, midlandsbiz, upstatebizsc Category: banking-and-finance, on-the-move
Southern First reports results for third quarter 2019
Southern First Bancshares, Inc., holding company for Southern First Bank, today announced its financial results for the three- and nine-month periods ended September 30, 2019. 2019 Third Quarter Highlights • Net income improved to $7.4 million, a 28.2% increase over Q3 2018 • Diluted EPS improved to $0.95 per share, a 26.7% increase over Q3…
Read MorePosted in: lowcountrybizsc, midlandsbiz, upstatebizsc Category: banking-and-finance, on-the-move
United Community Bank welcomes Liza Brethouwer as Director of Retail Product Management
United Community Bank welcomed Liza Brethouwer as Vice President/Director of Retail Product Management. Brethouwer has nearly two decades of experience and was previously employed by ING Group in the Netherlands. In this new role, she will be responsible for developing new strategies to optimize the customer experience. “Liza’s years of experience with product development and…
Read MorePosted in: upstatebizsc Category: banking-and-finance, on-the-move
South State Bank hires experienced lawyer and financial advisor for Greenville Private Wealth Team
South State Bank announced Joe Beach, wealth advisor, has joined the company’s Private Wealth team. Beach comes to South State with an extensive knowledge of estate planning, business planning and tax law. He most recently served as regional trust advisor for a large regional bank where he regularly reviewed estate planning documents and made recommendations…
Read MorePosted in: upstatebizsc Category: banking-and-finance, on-the-move
Bob Graham joins South State corporate insurance team
South State Bank announced Bob Graham has joined the company as corporate insurance program manager. “Already a trusted advisor to South State, Bob has long been acknowledged for his insight and ability to assess risk and recommend the appropriate risk-mitigation strategies,” said Andy Westbrook, chief risk officer. Graham comes to South State Bank from KeenanSuggs│HUB…
Read MorePosted in: midlandsbiz Category: banking-and-finance, on-the-move
South Atlantic Bank reports third quarter earnings
South Atlantic Bancshares, Inc., parent of South Atlantic Bank, reported net income of $4.8 million, or $0.63 per diluted share, for the nine months ended September 30, 2019, compared to $2.1 million, or $0.29 per diluted share, reported for the same nine-month period in 2018. Net income for the three months ended September 30, 2019…
Read MorePosted in: lowcountrybizsc Category: banking-and-finance, on-the-move
Rebuild Upstate received $7,500 from the Countybank Foundation
The Countybank Foundation recently made a major donation of volunteer time and funds to Rebuild Upstate. Countybank and Greenwood Capital employees did a blitz repair of three houses in Anderson, Greenville, and Greer on the weekend of October 5, 2019, that accounted for a $7,500 donation and 248 hours of service. “Putting people first is…
Read MorePosted in: upstatebizsc Category: banking-and-finance, on-the-move
Mercedes-Benz Financial Services USA names Tobias Waldeck vice president and head of Daimler Truck Financial
Mercedes-Benz Financial Services USA LLC, a leading automotive financial services provider, announced the appointment of Tobias Waldeck as vice president of the company’s business unit, Daimler Truck Financial. Daimler Truck Financial provides innovative and flexible financial and insurance services for fleet owners, owner/operators, municipal, vocational customers and dealers for the Daimler Trucks North America commercial…
Read MorePosted in: midlandsbiz Category: banking-and-finance, on-the-move
First Community Corporation announces third quarter results and cash dividend third quarter highlights
Highlights Net income of $2.898 million. Diluted EPS of $0.39 per common share. Net loan growth of $8.4 million during the quarter, an annualized growth rate of 4.6%. Pure deposit growth, including customer cash management accounts, of $12.9 million during the quarter, a 6.3% annualized growth rate. Mortgage unit had a record quarter in production…
Read MorePosted in: midlandsbiz, upstatebizsc Category: banking-and-finance, on-the-move
Edward Jones associates join the Alzheimer’s Association Walk to End Alzheimers
Edward Jones Raises Funds and Awareness for Alzheimer’s Disease as Title Sponsor The financial service firm is the national presenting sponsor of this year’s walk and has committed $12 million over five years to support the mission of the Alzheimer’s Association. The firm has been at the forefront when it comes to raising awareness of…
Read MorePosted in: midlandsbiz Category: banking-and-finance, on-the-move
Countybank adds new associate to Greer market team
Jack Lucas joins Countybank as SVP, Senior Commercial Banker Countybank welcomed Jack Lucas as Senior Vice President, Senior Commercial Banker in Greer. Lucas comes to Countybank with more than 30 years of commercial banking experience, primarily as a senior banking executive in Greenville and Greer. Lucas most recently served as Greer Market President and Senior…
Read MorePosted in: upstatebizsc Category: banking-and-finance, on-the-move
