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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FinTrust hires Bethany Thompson as Client Service Administrator
November 20, 2018
FinTrust Capital Advisors is pleased to announce that Bethany Thompson has been selected for the position of Client Service Administrator. She will focus on maintaining client relationships and assisting clients…
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Greenville Housing Fund announced The Homeowner Preservation Funding Program
November 15, 2018
The Greenville Housing Fund, an organization that provides innovative funding and investments for affordable and workforce housing, is excited to announce its newest program, The Homeowner Preservation Program (HOPP). With support…
Read MorePosted in: midlandsbiz, upstatebizsc Category: banking-and-finance, non-profit
United Community Banks, Inc. announces quarterly cash dividend increase and a share repurchase program increase
November 12, 2018
United Community Banks, Inc. (NASDAQ: UCBI) (“United”), reported that its Board of Directors approved an increase of its regular quarterly cash dividend to $0.16 per common share. The dividend is…
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TD Charitable Foundation supports financial literacy and community service at Greenville Technical College
November 8, 2018(Left to right) Anna McNinch of The Hughes Agency, AmeriCorps member Diamond Boiling, student veteran Aras Van Bibber, Jr., Greenville Tech Foundation Vice President for Advancement Ann Wright, Academic Connections…
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The Innovate Fund provides $13.75 million in new markets tax credits for renovation of Brown Packing
November 1, 2018
Investment will support 32 construction jobs and 396 permanent jobs in non-metropolitan Cherokee County The Innovate Fund, a Community Development Entity (CDE) managed by taxadvantagegroup and Greenville Local Development Corporation in Greenville, S.C.,…
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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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Tax Advantage Group secures funding for low-income community development project
October 30, 2018Thanks to a financing tool designed to attract private investments to Low-Income Communities, the YMCA of Southwestern Indiana is building a new 80,600-square-foot health and wellness center in downtown Evansville,…
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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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Tax Advantage Group secures funding for low-income community development project
October 30, 2018
Thanks to a financing tool designed to attract private investments to Low-Income Communities, the YMCA of Southwestern Indiana is building a new 80,600-square-foot health and wellness center in downtown Evansville,…
Read MorePosted in: upstatebizsc Category: banking-and-finance, on-the-move
TD Bank names David Chapman and Marcel Summermatter Senior Relationship Managers
October 29, 2018Accomplished Commercial Banking Executives to Lead Upstate Team TD Bank, America’s Most Convenient Bank®, has named David Chapman and Marcel Summermatter as Senior Relationship Managers. Chapman and Summermatter will serve…
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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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TD Bank names David Chapman and Marcel Summermatter Senior Relationship Managers
October 29, 2018
Accomplished Commercial Banking Executives to Lead Upstate Team TD Bank, America’s Most Convenient Bank®, has named David Chapman and Marcel Summermatter as Senior Relationship Managers. Chapman and Summermatter will serve…
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Abacus Planning Group announces Kevin Draudt has completed CFP® Certification
October 24, 2018Abacus Planning Group, Inc. announces that Kevin R. Draudt has completed all requirements for the CFP® credential. The CFP® marks identify those individuals who have met the rigorous experience and…
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United Community Mortgage Services strengthens team with Jason Hultgren
October 24, 2018United Community Bank has announced the addition of industry veteran Jason Hultgren to its growing mortgage team. In his role as Senior Vice President/Director of Mortgage Sales, Hultgren will utilize…
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United Community Mortgage Services strengthens team with Jason Hultgren
October 24, 2018
United Community Bank has announced the addition of industry veteran Jason Hultgren to its growing mortgage team. In his role as Senior Vice President/Director of Mortgage Sales, Hultgren will utilize…
Read MorePosted in: upstatebizsc Category: banking-and-finance, on-the-move
Abacus Planning Group announces Kevin Draudt has completed CFP® Certification
October 24, 2018
Abacus Planning Group, Inc. announces that Kevin R. Draudt has completed all requirements for the CFP® credential. The CFP® marks identify those individuals who have met the rigorous experience and…
Read MorePosted in: upstatebizsc Category: banking-and-finance, business-services, on-the-move
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…
Read MorePosted in: lowcountrybizsc, midlandsbiz, upstatebizsc Category: banking-and-finance, on-the-move
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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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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Lima One Capital hires Shook as Head of Commercial Lending
September 6, 2018
Lima One Capital, a national specialty finance company that focuses on investment property lending, has named Andrew Shook as Head of Commercial Lending. In this new role, Shook is charged…
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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…
Read MorePosted in: lowcountrybizsc, midlandsbiz, upstatebizsc Category: banking-and-finance, on-the-move
Countybank combines operations with B.A. Bennett Insurance
August 27, 2018B.A. Bennett Insurance Will Become Countybanc Insurance Services Countybank is pleased to welcome B.A. Bennett Insurance to the Countybanc Insurance family in a merging of their services. This transition will…
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Countybank combines operations with B.A. Bennett Insurance
August 27, 2018
B.A. Bennett Insurance Will Become Countybanc Insurance Services Countybank is pleased to welcome B.A. Bennett Insurance to the Countybanc Insurance family in a merging of their services. This transition will…
Read MorePosted in: upstatebizsc Category: banking-and-finance, on-the-move
Bank of America grants $7,500 to Spartanburg Community College Foundation for Operation Workforce Training in Cherokee County
August 13, 2018
Cherokee County will receive an economic boost courtesy of a $7,500 Bank of America Foundation grant to the Spartanburg Community College Foundation that will address the area’s regional workforce shortage. Grant…
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The Innovate Fund deploys $21.5 million in new markets tax credits in Spartanburg
August 11, 2018The Innovate Fund, a Community Development Entity (CDE) managed by taxadvantagegroup and Greenville Local Development Corporation, has allocated $21.5 million in New Markets Tax Credits (NMTC) to two projects in…
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The Innovate Fund deploys $21.5 million in new markets tax credits in Spartanburg
August 11, 2018
The Innovate Fund, a Community Development Entity (CDE) managed by taxadvantagegroup and Greenville Local Development Corporation, has allocated $21.5 million in New Markets Tax Credits (NMTC) to two projects in…
Read MorePosted in: upstatebizsc Category: banking-and-finance, on-the-move
CAB Financial Corporation reports its second quarter 2018 results
August 9, 2018CAB Financial Corporation, holding company for Carolina Alliance Bank, reported its second quarter 2018 consolidated financial results. Net income was $2.3 million, or $0.31 per diluted common share, for the…
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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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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…
Read MorePosted in: lowcountrybizsc, midlandsbiz, upstatebizsc Category: banking-and-finance, government, on-the-move
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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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).…
Read MorePosted in: lowcountrybizsc, midlandsbiz, upstatebizsc Category: banking-and-finance, on-the-move
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…
Read MorePosted in: lowcountrybizsc, midlandsbiz, upstatebizsc Category: banking-and-finance, economic-development, headlines, on-the-move
Southern First Bank reports second quarter 2018 results
July 24, 2018Southern First Bancshares, Inc. (NASDAQ: SFST), holding company for Southern First Bank, today reported net income available to common shareholders of $5.5 million, or $0.71 per diluted share, for the…
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Southern First Bank reports second quarter 2018 results
July 24, 2018
Southern First Bancshares, Inc. (NASDAQ: SFST), holding company for Southern First Bank, today reported net income available to common shareholders of $5.5 million, or $0.71 per diluted share, for the…
Read MorePosted in: midlandsbiz, upstatebizsc Category: banking-and-finance, on-the-move
Tax Advantage Group appoints senior leadership
July 17, 2018Tax Advantage Group (TAG) announces two new leadership appointments. Whitney Ferguson has been promoted to the position of New Markets Tax Credit (NMTC) Program Manager for The Innovate Fund, which TAG manages, and Michael…
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United Community Bank launches not-for-profit financing
July 17, 2018Steve Fenlon to Lead Tax-Exempt Nonprofit Financing Initiative United Community Bank welcomes Steve Fenlon as Vice President – Head of 501(c)3 Finance. Fenlon has an extensive background in handling tax-exempt…
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United Community Bank launches not-for-profit financing
July 17, 2018
Steve Fenlon to Lead Tax-Exempt Nonprofit Financing Initiative United Community Bank welcomes Steve Fenlon as Vice President – Head of 501(c)3 Finance. Fenlon has an extensive background in handling tax-exempt…
Read MorePosted in: upstatebizsc Category: banking-and-finance, on-the-move
FinTrust hires Kathryn Payne, CERTIFIED FINANCIAL PLANNER™
July 13, 2018
FinTrust Capital Advisors is pleased to announce that Kathryn Payne has been selected for the position of Financial Planner. Payne will be responsible for collecting client data and developing the…
Read MorePosted in: midlandsbiz, upstatebizsc Category: banking-and-finance, on-the-move
