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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Bank of America invests over $420,000 to support long-term workforce development in South Carolina
October 29, 2018
Funding provides access to workforce development and apprenticeship programs Bank of America announced $421,000 in funding in workforce development programs across the state at the South Carolina Chamber of Commerce’s…
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Capital Bank promotes Landon Davis to Business Banking Relationship Manager
October 29, 2018
Capital 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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Jon Presley strengthens United Community Bank team in Summerville
October 24, 2018
United Community Bank welcomed Jon Presley as Vice President, Commercial Relationship Manager to its Summerville location. In this role, Presley will focus on cultivating full-service banking relationships with new and…
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Jon Presley strengthens United Community Bank team in Summerville
October 23, 2018United Community Bank welcomed Jon Presley as Vice President, Commercial Relationship Manager to its Summerville location. In this role, Presley will focus on cultivating full-service banking relationships with new and…
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VentureSouth on pace for another record year
October 22, 2018
VentureSouth, one of the nation’s largest angel investment firms, is on a record-breaking pace for investments and returns in 2018. In September, the group announced its third exit of the year when OBMedical,…
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United Community Bank promotes Dixon Woodward to state leadership role
October 8, 2018United Community Bank announced Dixon Woodward has been promoted to State President for South Carolina and Coastal Georgia. Woodward has nearly two decades of banking experience, much of it in…
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United Community Bank promotes Dixon Woodward to state leadership role
October 8, 2018
United Community Bank announced Dixon Woodward has been promoted to State President for South Carolina and Coastal Georgia. Woodward has nearly two decades of banking experience, much of it in…
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TD contributes additional $150,000 to expand support of Hurricane Florence disaster recovery efforts
October 1, 2018
Financial Commitment to Carolinas Totals $250,000 The TD Charitable Foundation, the charitable giving arm of TD Bank, today announced that TD is donating an additional $150,000 to support relief efforts…
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United Community Banks, Inc. President of Community Banking to retire
September 27, 2018United Community Banks, Inc. announced today that President of Community Banking Bill Gilbert will retire effective February 2019, after 18 years with United and 42 years in banking. Gilbert joined…
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United Community Banks, Inc. President of Community Banking to retire
September 27, 2018
United Community Banks, Inc. announced today that President of Community Banking Bill Gilbert will retire effective February 2019, after 18 years with United and 42 years in banking. Gilbert joined…
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South Carolina Community Loan Fund announces executive leadership transition
September 26, 2018
South Carolina Community Loan Fund (SCCLF) Board Chair, Jim Haley, announced that Michelle Mapp will step down as Chief Executive Officer at the end of this year. Michelle is making…
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TD donates $100,000 to Hurricane Florence disaster relief efforts
September 18, 2018
Funding directed to American Red Cross in Cape Fear and Eastern South Carolina The TD Charitable Foundation, the charitable giving arm of TD Bank announced that TD is donating $100,000…
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SAFE Federal Credit Union branches closing at noon Thursday in preparation for Hurricane Florence
September 12, 2018SAFE Federal Credit Union is closing 16 of its branches at noon on Thursday due to Hurricane Florence. The branch in Florence will close at the end of business today.…
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SAFE Federal Credit Union branches closing at noon Thursday in preparation for Hurricane Florence
September 12, 2018
SAFE Federal Credit Union is closing 16 of its branches at noon on Thursday due to Hurricane Florence. The branch in Florence will close at the end of business today.…
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Windley joins S.C. Board of Financial Institutions
September 6, 2018
Longtime South Carolina banker John Windley began a four-year term on the South Carolina Board of Financial Institutions Sept. 5. Windley, president of Columbia-headquartered South State Bank, has spent 43…
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United Community Bank named one of the Best Banks to Work For in United States
September 4, 2018United Community Bank has been named one of the Best Banks to Work For in 2018 by American Banker and Best Companies Group. This recognition is based on employee satisfaction…
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United Community Bank named one of the Best Banks to Work For in United States
September 4, 2018United Community Bank has been named one of the Best Banks to Work For in 2018 by American Banker and Best Companies Group. This recognition is based on employee satisfaction…
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South Carolina Federal CU names John Stanford Vice President of Lending
August 27, 2018
South Carolina Federal Credit Union has named John Stanford Vice President of Lending. The role oversees business services and loan underwriting, loan administration and loan servicing for the $1.7 billion…
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South Carolina Federal Credit Union hosting free document shredding event
August 9, 2018
South Carolina Federal Credit Union is hosting a free document shredding event on Saturday, August 18, 2018 from 9 a.m. – 1p.m., at its Goose Creek financial center, located at 82…
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Peter G. Shand named to BDC Board
August 8, 2018
Peter G. Shand has been named to the Board of Directors of Business Development Corporation (BDC), the non-bank lender he has served as President of for the past year. He…
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Chris Abbott joins Capital Bank
August 7, 2018Capital Bank, which recently merged with First Tennessee Bank, is proud to announce that Chris Abbott has joined the company as senior vice president. Abbott will oversee strategies and execution…
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Chris Abbott joins Capital Bank
August 7, 2018
Capital Bank, which recently merged with First Tennessee Bank, is proud to announce that Chris Abbott has joined the company as senior vice president. Abbott will oversee strategies and execution…
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Wicker, Ham join South Carolina Board of Financial Institutions
August 4, 2018
Two longtime bankers began terms on the South Carolina Board of Financial Institutions on Aug. 1. Wayne Wicker, chairman and chief executive officer of Myrtle Beach-based South Atlantic Bank, and Barry…
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United Community Banks, Inc. announces quarterly cash dividend
August 4, 2018
United Community Banks, Inc. (NASDAQ: UCBI) reported that its Board of Directors approved a regular quarterly cash dividend of $0.15 per common share. The dividend is payable October 5, 2018 to shareholders…
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South Carolina Federal CU names Trey Gantt SVP of Lending Services
July 30, 2018
South Carolina Federal Credit Union has named Trey Gantt Senior Vice President of Lending Services. The role oversees mortgages, consumer loans, loss prevention and business services for the $1.7 billion…
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The Capital Corporation advises ProSource, LLC on its partnership with CID Capital
July 30, 2018Transaction: The Capital Corporation is pleased to announce that ProSource, LLC (“ProSource”, headquartered in Greenville, South Carolina) has secured growth capital from CID Capital (“CID Capital”, headquartered in Indianapolis, Indiana).…
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The Capital Corporation advises ProSource, LLC on its partnership with CID Capital
July 30, 2018
Transaction: The Capital Corporation is pleased to announce that ProSource, LLC (“ProSource”, headquartered in Greenville, South Carolina) has secured growth capital from CID Capital (“CID Capital”, headquartered in Indianapolis, Indiana).…
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First Citizens Bank, Palmetto Heritage Bancshares, Inc. announce merger agreement
July 26, 2018
First-Citizens Bank & Trust Company (known as First Citizens Bank) and Palmetto Heritage Bancshares, Inc. (“Palmetto Heritage Bancshares”) announced the signing of a definitive merger agreement. Palmetto Heritage Bancshares provides…
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Sharonview Federal Credit Union expanding corporate headquarters within Lancaster County
July 25, 2018
Nationally-ranked credit union investing $42 million in relocation Sharonview Federal Credit Union, a provider of financial services, announced it is relocating and expanding its corporate headquarters in Lancaster County. The…
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Carolina Financial Corporation reports results for second quarter of 2018
July 23, 2018
Carolina Financial Corporation announced financial results for the second quarter of 2018. Financial highlights at and for the three months ended June 30, 2018, include: Net income for the second…
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United Community Bank launches not-for-profit financing
July 18, 2018United Community Bank announced Steve Fenlon as Vice President – Head of 501(c)3 Finance. Fenlon has an extensive background in handling tax-exempt private activity bonds and will spearhead a new…
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United Community Bank launches not-for-profit financing
July 18, 2018
United Community Bank announced Steve Fenlon as Vice President – Head of 501(c)3 Finance. Fenlon has an extensive background in handling tax-exempt private activity bonds and will spearhead a new…
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Princeton Mortgage launches national call center in Charleston
July 5, 2018
35-year-old New Jersey based residential mortgage banker, Princeton Mortgage, has launched a national call center in Charleston, SC. This latest development comes only months after Princeton Mortgage launched their wholesale division in Pittsburgh, PA in October…
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Harton embraces leadership role at United Community Banks, Inc.
July 3, 2018
United Community Banks, Inc. (NASDAQ:UCBI) (“United”) announced today that H. Lynn Harton has assumed the role of United’s CEO, succeeding longtime company leader Jimmy Tallent. In addition to this new…
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Bank of South Carolina Corporation declares dividend
June 28, 2018
The Board of Directors of Bank of South Carolina Corporation, the parent company for The Bank of South Carolina, declared a quarterly cash dividend of $0.15 per share to shareholders…
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Santee Cooper extends economic development revolving loan program
June 28, 2018
The Santee Cooper Board of Directors approved the extension of the utility’s Economic Development Revolving Loan Program at its meeting on Monday, June 25. The extension of the loan program…
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Statewide company named top SBA 504 Lender by the Small Business Administration (SBA)
June 1, 2018Provident Business Financial Services, Inc. (Provident), has been named #1 SBA 504 Lender in South Carolina by the U.S. Small Business Administration. Provident ranks top in both total number of…
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Statewide company named top SBA 504 Lender by the Small Business Administration (SBA)
June 1, 2018
Provident Business Financial Services, Inc. (Provident), has been named #1 SBA 504 Lender in South Carolina by the U.S. Small Business Administration. Provident ranks top in both total number of…
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Frank B. Holding, retired Executive Vice Chairman of First Citizens BancShares, First Citizens Bank, dies
May 30, 2018
Frank Brown Holding, retired executive vice chairman of First Citizens BancShares, Inc. and its First Citizens Bank subsidiary, died May 26, 2018, in Smithfield at age 89. For nearly six…
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Melissa Morales joins Southern Community Services as Chief Financial Officer
May 3, 2018Southern Community Services (SCS), one of only six AAMC –accredited community association management firms in South Carolina, announces the appointment of Melissa Morales as the company’s chief financial officer. With…
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Terressentia secures $79MM Revolving Credit and Term Loan Facility with SunTrust Bank
May 3, 2018
Terressentia Corporation, which specializes in production and sale of distilled spirits, owner of the O.Z. Tyler Distillery and the inventor of TerrePURE® technology, announced it has successfully completed a $79MM…
Read MorePosted in: lowcountrybizsc Category: banking-and-finance, food, on-the-move
Melissa Morales joins Southern Community Services as Chief Financial Officer
May 3, 2018
Southern Community Services (SCS), one of only six AAMC –accredited community association management firms in South Carolina, announces the appointment of Melissa Morales as the company’s chief financial officer. With…
Read MorePosted in: lowcountrybizsc Category: banking-and-finance, non-profit, on-the-move
CoastalSouth Bancshares, Inc. and First Citizens Financial Corporation announce merger agreement
May 2, 2018
CoastalSouth Bancshares, Inc. (“CoastalSouth”), the parent company of CoastalStates Bank (“CSB”) and First Citizens Financial Corporation (“FCFC”), the parent company of Foothills Community Bank (“Foothills”), announced the signing of a…
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United Community Banks, Inc. announces first quarter earnings
April 26, 2018
Earnings per diluted share up 42 percent to 47 cents from first quarter 2017 Excluding merger-related and other non-operating charges, diluted operating earnings per share up 28 percent, to 50 cents…
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