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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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Organizers look to open bank in western North Carolina

American Banker

Highlands Banking would be based in a community near the state's borders with Georgia and South Carolina.

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Store Front Business Index: Main Street USA, A-OK?

PYMNTS

One of the most significant: the health and importance of small businesses, and in particular, the “mom and pop” shops that line the main streets and side streets of our local communities. This quarter’s edition shows what happened, through the end of 2015, to the businesses that keep our local communities thriving and surviving.

Maine 100
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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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The Coffee Shop Office: A Money Drain Or Money Magnet?

PYMNTS

The key was recognizing the trend early and finding ways to capitalize on it, incorporating a workspace culture while also encouraging the community to continue using the café as a social gathering space. He said that has been an important strategy in cultivating community rather than isolation in his shop.

Baltimore 113
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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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An App A Day Keeps Grocery Shoppers Coming Their Way

PYMNTS

Hunger and wasted food are two problems that can have one solution,” believes Daily Table founder Doug Rauch, former Trader Joe’s president and co-CEO of Conscious Capitalism, Inc. Up next are areas in Texas, Connecticut, Florida, Ohio and South Carolina.