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…
Read MorePosted in: lowcountrybizsc, midlandsbiz, upstatebizsc Category: banking-and-finance, headlines, on-the-move
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…
Read MorePosted in: lowcountrybizsc, midlandsbiz Category: banking-and-finance, on-the-move
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…
Read MorePosted in: lowcountrybizsc, midlandsbiz Category: banking-and-finance, on-the-move
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…
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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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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…
Read MorePosted in: lowcountrybizsc, midlandsbiz, upstatebizsc Category: banking-and-finance, on-the-move
Southern First reports results for first quarter of 2018
April 24, 2018Greenville, SC – Southern First Bancshares, Inc. holding company for Southern First Bank, today reported net income available to common shareholders of $5.2 million, or $0.67 per diluted share, for…
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Southern First reports results for first quarter of 2018
April 24, 2018
Greenville, SC – Southern First Bancshares, Inc. holding company for Southern First Bank, today reported net income available to common shareholders of $5.2 million, or $0.67 per diluted share, for…
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Elizabeth Burwell named leader for Wells Fargo’s Business Banking Team in Charleston
April 17, 2018
15-year industry veteran named Business Banking Manager Growing its presence in Charleston and the Lowcountry is part of Wells Fargo’s ongoing strategy to expand its Business Banking Group (BBG) presence…
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Southern First Bank expands to Greensboro/Triad market
April 17, 2018Joe DePasquale, Melissa Beane and Justin Combs Southern First Bancshares, Inc. (NASDAQ: SFST), holding company for Southern First Bank, announces its expansion to Greensboro, North Carolina and the greater Triad…
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Southern First Bank expands to Greensboro/Triad market
April 17, 2018Joe DePasquale, Melissa Beane and Justin Combs Southern First Bancshares, Inc. (NASDAQ: SFST), holding company for Southern First Bank, announces its expansion to Greensboro, North Carolina and the greater Triad…
Read MorePosted in: lowcountrybizsc, midlandsbiz, upstatebizsc Category: banking-and-finance, on-the-move
Bank of South Carolina Corporation announces first quarter earnings & dividend
April 11, 2018The Bank of South Carolina Corporation, announced earnings of $1,612,230 or $0.32 basic and diluted per share for the quarter ended March 31, 2018 – an increase of 31.49% from earnings for the quarter ended March 31,…
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Bank of South Carolina Corporation announces first quarter earnings & dividend
April 11, 2018The Bank of South Carolina Corporation, announced earnings of $1,612,230 or $0.32 basic and diluted per share for the quarter ended March 31, 2018 – an increase of 31.49% from earnings for the quarter ended March 31,…
Read MorePosted in: lowcountrybizsc, midlandsbiz, upstatebizsc Category: banking-and-finance, on-the-move
Home Works of America receives $50,000 from Wells Fargo
April 10, 2018
Home Works of America is pleased to announce a $50,000 investment from Wells Fargo, which will enable the continued expansion of the organization’s mission across South Carolina. Home Works of America provides…
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Home Works of America receives $50,000 from Wells Fargo
April 10, 2018
Home Works of America is pleased to announce a $50,000 investment from Wells Fargo, which will enable the continued expansion of the organization’s mission across South Carolina. Home Works of America provides…
Read MorePosted in: lowcountrybizsc, midlandsbiz, upstatebizsc Category: banking-and-finance, headlines, non-profit, on-the-move
United Community Banks, Inc. announces CEO succession plan
April 2, 2018
United Community Banks, Inc. announced that, after almost 35 years of service, its Chief Executive Officer, Jimmy Tallent, will retire from his current position effective June 30, 2018. Mr. Tallent will…
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TD launches The Ready Commitment to open doors for an inclusive tomorrow
March 29, 2018
TD launched The Ready Commitment, a new multi-year program to help individuals and communities prosper. As part of The Ready Commitment, TD will target CDN $1 billion (US $775 million)…
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First Reliance Bank names Ben Brazell President of South Carolina
March 27, 2018Rapidly growing First Reliance Bank promotes one of its top executives to the position of President of South Carolina. Banking executive Ben Brazell has been promoted to the role of…
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First Reliance Bank names Ben Brazell President of South Carolina
March 27, 2018
Rapidly growing First Reliance Bank promotes one of its top executives to the position of President of South Carolina. Banking executive Ben Brazell has been promoted to the role of…
Read MorePosted in: lowcountrybizsc, midlandsbiz Category: banking-and-finance, on-the-move
Santee Cooper approves $3 million industrial development loan to benefit Oconee County
March 21, 2018
Santee Cooper has approved a $3 million loan to the Oconee Economic Alliance (OEA) for a 50,000-square-foot industrial speculative building to help Oconee County attract new businesses and jobs. The…
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Wells Fargo names new relationship managers in Charleston Business Banking Group
March 20, 2018
Dedicated to serving the financial needs of its Business Banking Group (BBG) customers in Charleston, Wells Fargo & Company (NYSE: WFC) recently announced that Dita Meholli-Brown and Dan Zuar…
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NAIFA-SC President-Elect Evelyn Butler of Greenville receives LACP designation
March 19, 2018
The National Association of Insurance and Financial Advisors (NAIFA-SC) announced that NAIFA-SC President-Elect, Evelyn Butler, LUTCF, CLTC, has received the NAIFA national Life and Annuity Certified Professional (LACP) certification. The LACP certification recognizes highly…
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United Community Bank expands Myrtle Beach team with Lynn Kornita and Cathy Turner
March 7, 2018
United Community Bank announced the continued expansion of its team in Myrtle Beach, with the recent addition of veteran bankers Lynn Kornita and Cathy Turner. Both women will work closely…
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The Capital Corporation advises THG Corporation on its sale to KLX, Inc.
March 7, 2018Transaction: The Capital Corporation announced the sale of THG Corporation (“THG”, headquartered in Northborough, Massachusetts) to KLX, Inc. (“KLX”, headquartered in Wellington, Florida). THG is one of the premier “Tri-Technology”…
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The Capital Corporation advises THG Corporation on its sale to KLX, Inc.
March 7, 2018
Transaction: The Capital Corporation announced the sale of THG Corporation (“THG”, headquartered in Northborough, Massachusetts) to KLX, Inc. (“KLX”, headquartered in Wellington, Florida). THG is one of the premier “Tri-Technology”…
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Bank of America pledges $600,000 to support the International African American Museum
February 28, 2018
Bank of America will contribute $600,000 to support the International African American Museum (IAAM). “Bank of America’s leadership investment is catalytic at this crucial juncture as we approach our planned…
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BCDCOG revolving loan fund grows jobs, local economy
February 20, 2018A more than quarter-million dollar loan made by the Berkeley-Charleston-Dorchester Council of Governments Revolving Loan Fund has produced 45 local jobs — and was recently paid off by the borrower.…
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CresCom Bank introduces new team members and announces promotions
February 19, 2018
CresCom Bank, a leading community bank in North and South Carolina, promotes and welcomes new team members throughout its North Carolina and South Carolina branches. New team members and promotions include:…
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South State Bank earns National Greenwich Excellence awards
February 16, 2018
South State Bank is pleased to announce that it has earned the 2017 Greenwich Excellence Award in five categories for small business banking. South State received two national awards for…
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South State Bank earns National Greenwich Excellence awards
February 16, 2018
South State Bank is pleased to announce that it has earned the 2017 Greenwich Excellence Award in five categories for small business banking. South State received two national awards for…
Read MorePosted in: lowcountrybizsc, midlandsbiz, upstatebizsc Category: banking-and-finance, on-the-move
CresCom Bank promotes Carmel Dodds to vice president and operations manager
February 14, 2018
CresCom Bank promoted Carmel Dodds to vice president and operations manager of CresCom Bank. As operations manager, Dodds oversees deposit operations, branch operations, electronic banking operations and card services. Dodds joined…
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CresCom Bank announces promotions throughout the Carolinas
February 14, 2018
CresCom Bank promotes team members throughout its North Carolina and South Carolina branches. New team members and promotions include: Charleston, S.C. Bailey Cooper has been promoted to assistant vice president.…
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CresCom Bank welcomes Erik Gray as Commercial Loan Officer and Vice President
February 12, 2018
CresCom Bank, a leading community bank in North and South Carolina, is pleased to introduce Erik Gray as a commercial loan office and vice president. Based at the Wilmington branch, Gray…
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CresCom Bank welcomes Cindy Register as Branch Manager and Assistant Vice President
February 12, 2018
CresCom Bank, a leading community bank in North and South Carolina, is pleased to introduce Cindy Register to the CresCom Bank team as branch manager and assistant vice president. In her…
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United Community Banks, Inc. announces quarterly cash dividend increase
February 11, 2018
United Community Banks, Inc. (NASDAQ:UCBI), reported that its Board of Directors approved an increase of its regular quarterly cash dividend to $0.12 per common share. The dividend is payable April 5,…
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United Community Banks, Inc. announces quarterly cash dividend increase
February 11, 2018
United Community Banks, Inc. (NASDAQ:UCBI), reported that its Board of Directors approved an increase of its regular quarterly cash dividend to $0.12 per common share. The dividend is payable April 5,…
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Wallick Investments’ Fidelis separate account receives 5-star Overall Morningstar RatingTM
February 9, 2018Wallick Investments, LLC’s Fidelis composite received a 5-star Overall Morningstar RatingTM among 398 large-cap value products as of December 31, 2017 – Morningstars’ highest rating for risk-adjusted performance. This is…
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