South Carolina Federal awards $50,000 in scholarships
May 13, 2019South Carolina Federal CEO Scott Woods and former Board Chairman Mary L. Whited pose with this year’s scholarship winners. South Carolina Federal Credit Union awarded $50,000 in scholarships…
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United Community Banks, Inc. announces quarterly cash dividend increase
May 13, 2019
United Community Banks, Inc. (NASDAQ: UCBI) (“United”), reported that its Board of Directors approved an increase of its regular quarterly cash dividend to $0.17 per common share. The dividend is…
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H. Lynn Harton to succeed Jimmy Tallent as Chairman of United Community Banks, Inc.’s Board of Directors
May 13, 2019
United Community Banks, Inc. (NASDAQ: UCBI) (“United”) today announced that its Board of Directors has appointed H. Lynn Harton, Chief Executive Officer (pictured), to serve as United’s Chairman of the…
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United Community Banks, Inc. reports EPS of $0.55 and ROA of 1.44% for Q1 2019
April 24, 2019
United Community Banks, Inc. (NASDAQ: UCBI) (“United”) announced its first quarter financial results, including solid year-over-year loan and deposit growth, improved operating efficiency and continued strong asset quality. Reported diluted…
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United Community Bank names John Golding head of Commercial Banking Solutions
April 23, 2019
United Community Bank announced veteran commercial banker John Golding as its new Head of Commercial Banking Solutions (CBS). Golding has more than 25 years of industry experience offering customer-focused solutions…
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Southern First results for the first quarter of 2019
April 23, 2019
Southern First Bancshares, Inc., holding company for Southern First Bank, today reported net income available to common shareholders of $6.0 million, or $0.78 per diluted share, for the first quarter…
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State Treasurer’s Office facilitates $30 million master lease for MUSC
April 18, 2019
Funding will support facility upgrades to improve energy efficiency throughout campus The State Treasurer’s Office recently worked with the Medical University of South Carolina to secure affordable financing through the…
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CresCom Bank announces promotions throughout its South Carolina branches
April 8, 2019
CresCom Bank, the second largest community bank in North and South Carolina, promotes Team Members throughout its South Carolina branches. Promotions include: Litchfield, S.C. Amanda Phillips, Mortgage Loan Originator, has been…
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Southern First hires Chief Banking Officer
April 2, 2019
Southern First Bancshares, Inc., holding company for Southern First Bank, announced the appointment of Cal Hurst as Executive Vice President, Chief Banking Officer. Hurst has worked in the banking industry…
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Former Comstar Technologies CEO, Kevin Flounders, joins SIB Fixed Cost Reduction as President
March 18, 2019
SIB Fixed Cost Reduction announced that Kevin Flounders, former Comstar Technologies CEO, has assumed the role of president. Flounders, a successful entrepreneur with over 25 years in the telecom industry,…
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United Community Bank one of top five U.S. banks on Forbes list of World’s Best Banks
March 11, 2019
United Community Bank has been named one of the “Best Banks in the World” according to the inaugural Forbes World’s Best Banks list. The list, which was based largely on…
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Cynthia O’Dell joins Wells Fargo Private Bank
March 9, 2019
Wells Fargo Private Bank announced the addition of Cynthia O’Dell as a senior wealth planning strategist. In her new role, O’Dell will guide clients in the creation of their individual…
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Cynthia O’Dell joins Wells Fargo Private Bank
March 9, 2019
Wells Fargo Private Bank announced the addition of Cynthia O’Dell as a senior wealth planning strategist. In her new role, O’Dell will guide clients in the creation of their individual…
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Wells Fargo donated $5.3 million to support South Carolina nonprofits in 2018
March 8, 2019
Wells Fargo donated more than $5.3 million through 389 grants to South Carolina nonprofits, schools and community organizations in 2018. Wells Fargo’s philanthropic contributions build on a history of addressing…
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CresCom Bank expands Commercial Lending Executive Team with promotion of Ryan Benton
February 27, 2019
CresCom Bank, the second largest community bank in North and South Carolina, has expanded its Commercial Lending Team with the promotion of CresCom Bank team member Ryan Benton. Ryan Benton has been promoted…
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3 Ways Identity Thieves Steal Your Tax Refund and How to Prevent It
February 22, 2019By South Carolina Treasurer Curtis Loftis That time of year has come: Tax season. While you may have just started preparing your tax returns, identity thieves have been gearing…
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3 Ways Identity Thieves Steal Your Tax Refund and How to Prevent It
February 22, 2019
By South Carolina Treasurer Curtis Loftis That time of year has come: Tax season. While you may have just started preparing your tax returns, identity thieves have been gearing…
Read MorePosted in: lowcountrybizsc, midlandsbiz, upstatebizsc Category: banking-and-finance, government, on-the-move
SCRA & SC Launch celebrate $1 billion in follow-on funding for SC-based companies
February 21, 2019
SCRA, a public, non-profit corporation that fuels South Carolina’s innovation economy, celebrated a milestone of $1 billion of follow-on capital secured by Client Companies in the SC Launch Program. SC Launch, SCRA’s…
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SCRA announces seven new Client Companies
February 19, 2019
SCRA announced the recent acceptance of seven Client Companies into its entrepreneurial program, SC Launch. Client Companies receive mentoring and support services and may also be eligible for funding. Coastal…
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State Treasurer Curtis Loftis announces promotion of Richards H. Green as new Commissioner of Banking
February 11, 2019
South Carolina Treasurer Curtis Loftis, Chairman of the State Board of Financial Institutions, announced that Richards H. Green has been promoted to serve as the next Commissioner of Banking for…
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Charleston, Greenville land investment banking firm
February 8, 2019
Global finance executives launch Charles Towne Holdings Armed with nearly a century of Wall Street and global markets experience, a collection of Charleston deal makers has partnered to create Charles Towne…
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United Community Banks, Inc. announces quarterly cash dividend
February 8, 2019
United Community Banks, Inc. (NASDAQ: UCBI) (“United”), reported that its Board of Directors approved a quarterly cash dividend of $0.16 per common share. The dividend is payable April 5, 2019…
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BB&T and SunTrust to combine in merger of equals
February 7, 2019
Combination of two franchises creates sixth-largest U.S. bank holding company with 275 years of combined history and culture serving clients and communities in high-growth markets Estimated net cost synergies of…
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CresCom Bank introduces Matt Smith as Information Technology Manager
February 6, 2019
CresCom Bank, the second largest community bank in North and South Carolina, is pleased to welcome Matt Smith as Information Technology (IT) Manager based in the Operations Center of the West…
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CresCom Bank welcomes Thomas DiDonato as Mortgage Loan Originator in Charleston, SC
February 6, 2019
CresCom Bank,the second largest community bank in North and South Carolina, is pleased to welcome Thomas DiDonato as a new Mortgage Loan Originator at the West Ashley branch in Charleston,…
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CresCom Bank promotes Heather DuCharme to Mortgage Loan Originator in Little River, SC
February 5, 2019
CresCom Bank,the second largest community bank in North and South Carolina, is pleased to promote Heather DuCharme as a new Mortgage Loan Originator at the Little River branch in South…
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United Community Bank named to Forbes List of America’s Best 100 Banks
January 30, 2019United Community Banks, Inc. (NASDAQ: UCBI) (“United”) was recently recognized as one of America’s best performing banks by Forbes magazine for the sixth consecutive year. “America’s Best Banks 2019,” an…
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United Community Bank named to Forbes List of America’s Best 100 Banks
January 30, 2019
United Community Banks, Inc. (NASDAQ: UCBI) (“United”) was recently recognized as one of America’s best performing banks by Forbes magazine for the sixth consecutive year. “America’s Best Banks 2019,” an…
Read MorePosted in: lowcountrybizsc Category: banking-and-finance, on-the-move
Waccamaw Community Foundation receives grant for hurricane disaster recovery from Bank of America
January 28, 2019The Waccamaw Community Foundation as part of the Hurricane Florence Relief Effort benefitting Horry County received a $100,000 grant from the Bank of America Foundation to support the on-going recovery…
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Southern First reports results for 2018
January 22, 2019Southern First Bancshares, Inc. (NASDAQ: SFST), holding company for Southern First Bank, today reported net income available to common shareholders of $5.8 million, or $0.75 per diluted share, for the…
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Southern First reports results for 2018
January 22, 2019
Southern First Bancshares, Inc. (NASDAQ: SFST), holding company for Southern First Bank, today reported net income available to common shareholders of $5.8 million, or $0.75 per diluted share, for the…
Read MorePosted in: lowcountrybizsc, midlandsbiz, upstatebizsc Category: banking-and-finance, on-the-move
GrandSouth Bancorporation reports fourth quarter 2018 earnings of $1.8 million
January 21, 2019
GrandSouth Bancorporation, the holding company for GrandSouth Bank, reported fourth quarter growth in total assets of $35.9 million, or 4.85%, bringing total assets to $776.2 million as of December 31, 2018. The asset growth…
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CresCom Bank introduces Robin Lyle as Charlotte Market Leader
January 21, 2019
CresCom Bank, the second largest community bank in North and South Carolina, announced its planned expansion into the Charlotte, North Carolina market. With this development, CresCom Bank welcomed Robin Lyle as…
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First Citizens Bank, First South Bancorp, Inc. announce merger agreement
January 10, 2019
First-Citizens Bank & Trust Company (known as First Citizens Bank) and First South Bancorp, Inc. announced the signing of a definitive merger agreement. The agreement provides for the acquisition of…
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Ted Honney joins United Community Mortgage Services in Mt. Pleasant
January 10, 2019United Community Mortgage Services is pleased to welcome Ted Honney as a Mortgage Loan Officer. Honney has over 25 years of professional banking experience, 15 of which have been spent…
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Ted Honney joins United Community Mortgage Services in Mt. Pleasant
January 10, 2019
United Community Mortgage Services is pleased to welcome Ted Honney as a Mortgage Loan Officer. Honney has over 25 years of professional banking experience, 15 of which have been spent…
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First Horizon releases inaugural Corporate Social Responsibility Report
December 17, 2018First Horizon National Corp. today released its inaugural Corporate Social Responsibility (CSR) Report, which highlights the company’s impact and outlines its commitment to its communities, employees, and customers. The report,…
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Mutual of Omaha hires Tim Goldman as their new Sales Director
December 17, 2018
Mutual of Omaha hires Tim Goldman as their new Sales Director for the South Carolina, based out of the Columbia District Office. As a Sales Director, he is looking to…
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First Horizon releases inaugural Corporate Social Responsibility Report
December 17, 2018First Horizon National Corp. today released its inaugural Corporate Social Responsibility (CSR) Report, which highlights the company’s impact and outlines its commitment to its communities, employees, and customers. The report,…
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Anna Locke joins Southern First Bank board of directors
December 11, 2018
Southern First Bancshares, Inc. (NASDAQ: SFST), holding company for Southern First Bank, is pleased to announce that Anna T. Locke has joined the company and bank as Director. Locke is president…
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SimpliPhy receives SC Launch, Inc. investment
December 11, 2018
Greenville-based SimpliPhy, Inc. recently received a $200,000 SC Launch, Inc. investment. This is the first investment for the company that was accepted into SCRA’s entrepreneurial program, SC Launch, in early…
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Carolina Financial Corporation announces stock repurchase plan
December 4, 2018
Carolina Financial Corporation announced that the Company’s Board of Directors has approved a plan to repurchase up to $25,000,000 in shares of the Company’s common stock, par value $0.01 per…
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Charleston Metro Chamber awarded grant from Bank of America
December 3, 2018Charleston Metro Chamber’s Lead CHS Foundation has been awarded a $25,000 grant from Bank of America in support of Career Academies – career-themed schools within high schools, in which the learning environment reflects the atmosphere and…
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The Capital Corporation advises ImageQuix, Inc. on its sale to ASG
November 30, 2018Transaction: The Capital Corporation is pleased to announce the sale of ImageQuix, Inc (headquartered in Greenville, South Carolina) to Alpine SG, LLC (“ASG”, headquartered in Walnut Creek, California). ImageQuix is…
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The Capital Corporation advises ImageQuix, Inc. on its sale to ASG
November 30, 2018
Transaction: The Capital Corporation is pleased to announce the sale of ImageQuix, Inc (headquartered in Greenville, South Carolina) to Alpine SG, LLC (“ASG”, headquartered in Walnut Creek, California). ImageQuix is…
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GrandSouth Bancorporation completes private placement of $10 million of subordinated notes
November 25, 2018
GrandSouth Bancorporation, the holding company for GrandSouth Bank, completed a private issuance of 6.50% Fixed-to-Floating Subordinated Term Notes, in the principal amount of $10 million. Unless prepaid earlier, the notes mature…
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Palmetto Heritage Shareholders approve proposed merger with First Citizens Bank
October 30, 2018First-Citizens Bank & Trust Company (First Citizens Bank) and Palmetto Heritage Bancshares, Inc. (Palmetto Heritage) announced that Palmetto Heritage shareholders have approved First Citizens’ pending acquisition of Palmetto Heritage and…
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United Community Advisory Services’ Melissa Ekeberg named to National LPL Advisor Council
October 30, 2018United Community Advisory Services announced that Melissa Ekeberg has been named by LPL Financial (LPL) as a new member of the LPL Advisor Council. Ekeberg has worked for United Community…
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United Community Advisory Services’ Melissa Ekeberg named to National LPL Advisor Council
October 30, 2018
United Community Advisory Services announced that Melissa Ekeberg has been named by LPL Financial (LPL) as a new member of the LPL Advisor Council. Ekeberg has worked for United Community…
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Capital Bank promotes Landon Davis to Business Banking Relationship Manager
October 29, 2018Capital Bank, which recently merged with First Tennessee Bank, is proud to announce that Landon Davis has been promoted to business banking relationship manager, vice president. Davis will focus on…
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