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Why PayPal just deposited $50 million in a small South Carolina bank

Payments Source

"It's on-demand capital for us," Optus Bank's CEO says of the payment company's deposit. The funds are part of PayPal's broader effort to confront race and income inequality.

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HCSB in South Carolina Raises $45M, Names New Chief

American Banker

said Jan Hollar would become its chief executive after a $45 million recapitalization led by Castle Creek Capital Partners. HCSB Financial in Loris, S.C.,

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What Exit Strategy? Struggling Banks Can Still Find Big Investors

American Banker

HCSB Financial in South Carolina recently raised $45 million from a group led by Castle Creek Capital Partners, showing that big investors are still comfortable placing bets on financial firms.

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Banking's Total Return Top 5: 2015 Edition

Jeff For Banks

I chose five years because banks that focus on year over year returns tend to cut strategic investments come budget time, which hurts their market position, earnings power, and future relevance than those that make those investments. Total return includes two components: capital appreciation and dividends. What a ride! #3.

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Banks find a cheat code to catch up on digital: Merging

American Banker

CenterState and South State are the latest regionals to announce a deal driven heavily by the need to compete with larger banks that can afford to spend more on cutting-edge technologies.