First Bancorp hastens South Carolina expansion with $181 million deal

American Banker

Community banking M&A South Carolina

NCUA liquidates credit union in South Carolina

American Banker


Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Two South Carolina credit unions to merge

American Banker

Credit unions M&A

Tiny South Carolina credit union is NCUA's first conservatorship of 2021

American Banker

Compliance Credit unions Earnings NCUA South CarolinaCO Federal Credit Union, which has $4.5 million in assets and serves just 785 members, was conserved due to unsafe and unsound practices, the regulator said.

CEO of Sharonview Federal Credit Union in South Carolina to retire

American Banker

Credit unions Industry News

NCUA liquidates credit union in South Carolina

American Banker

Credit unions Regulation and compliance

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. Diversity and equality Fintech Digital payments Black Lives Matter Community banking Coronavirus

Pandemic leads Sharonview FCU to rethink branch layout, features

American Banker

Credit unions South Carolina Branch banking

REV Federal Credit Union gears up for double merger

American Banker

Members of two smaller institutions will soon vote on whether to join South Carolina-based REV, boosting its assets by 15% and giving it a foothold in North Carolina. Credit unions M&A Growth strategies South Carolina

South Carolina Homeowners Insurance: How to Shop for the Cheapest Rates


Homeowners insurance in South Carolina offers protection when something bad happens to your property. But, what does homeowners insurance in South Carolina cover? How Much Is Homeowners Insurance in South Carolina?

SC Federal’s merger wave continues

American Banker

A deal bringing Charleston County Teachers Federal Credit Union into the fold is South Carolina Federal’s third acquisition of 2020. Consolidations M&A Consumer banking South Carolina

CFPB, joined by South Carolina Dept. of Consumer Affairs and Arkansas AG, files lawsuit targeting service providers to pension advance products structured as purchases

CFPB Monitor

The CFPB filed a complaint in a South Carolina federal district court against Upstate Law Group LLC. In filing the complaint, the CFPB was joined by the South Carolina Department of Consumer Affairs (SCDCA) and the Arkansas Attorney General.

CenterState, South State plan $3.2B merger

American Banker

Community banking M&A Growth strategies South Carolina FloridaThe deal will create a bank with $34 billion in assets and operations stretching from Virginia to Florida.

Community First plans to enter Tennessee with SFB acquisition

American Banker

The South Carolina company has agreed to buy the parent of Security Federal Bank. M&A Growth strategies Community banks Tennessee South Carolina

Moving from Teller Cash Dispensers to Recycling Technology Transformed the Branch Environment at South Carolina's Largest Credit Union

ATM Marketplace

Founders Federal Credit Union prides itself on looking forward to what’s next in banking technology

CenterState, South State took parallel paths to a merger

American Banker

Florida Community banking M&A Growth strategies South CarolinaThe companies spent much of the past decade completing smaller deals that created complementary footprints in the Southeast.

Bank OZK exits another state by selling branches

American Banker

The Arkansas bank is selling two South Carolina branches to a credit union just two weeks after announcing plans to divest its branches in Alabama. Credit unions Community banking M&A Branch deals South Carolina

CFPB settles lawsuit against companies that brokered pension advance products structured as purchases

CFPB Monitor

The CFPB and the South Carolina Department of Consumer Affairs (SCDCA) recently settled a lawsuit they filed jointly in a South Carolina federal district court in October 2019 against Performance Arbitrage Company, Inc.

United Community to Buy Tidelands in South Carolina

American Banker

The deal, expected to close in the third quarter, would set United up to cross over $10 billion in assets, where it would face mandatory stress testing and caps on interchange fees, among other things. breaking_news community-banking m-a ga sc dealmaking-strategy

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

American Banker

HCSB Financial in Loris, S.C., said Jan Hollar would become its chief executive after a $45 million recapitalization led by Castle Creek Capital Partners. people breaking_news sc dealmaking-strategy community-banking

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. Community banking M&A Digital banking Capital Florida South Carolina

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. Capital North Carolina De novo institutions Consumer banking

SouthState Bank Offers $200 Checking Bonus In AL, FL, GA, NC, SC, VA


SouthState Bank is offering a $200 new checking bonus Alabama, Florida, Georgia, North Carolina, South Carolina, and Virginia now through October 16, 2021

How ‘old school personal banking’ helped turn Optus Bank around

American Banker

From 2010 to 2018 the South Carolina bank was on the FDIC's problem bank list, but in the last two years it has been profitable. Dominik Mjartan, the bank's president and CEO, explains how technology upgrades and relationship building helped it get back on track. Community banks

Carolina Financial to Buy Greer Bancshares in S.C.

American Banker

Carolina Financial in Charleston, S.C., has agreed to buy Greer Bancshares in South Carolina. breaking_news community-banking m-a sc dealmaking-strategy

Retailers Wary Of Opening As Some States Restart Economies


are some of the large national chains noting they will not partake in the early phase of reopening in places like South Carolina and Georgia per The Wall Street Journal.

Citing Racial Profiling, IBM Will No Longer Sell Face Recognition Software


Timothy Scott, a South Carolina Republican, was filed after Walter Scott, an unarmed black man not related to the senator, was shot and killed in North Charleston, South Carolina in 2015 by Michael Slager, a white police officer, as the victim fled after being stopped for a faulty brake light.

California Goes Back Under Lockdown


Cases in Alabama, Alaska, Arkansas, Georgia, Hawaii, Idaho, Louisiana, Montana, Nevada, Oklahoma, South Carolina, Tennessee and West Virginia surged by more than 20 percent in the past week, according to Johns Hopkins. . In South Carolina, 22.3

Travel Quarantine Presents New Challenges for Your CU

New York's State of Mind

According to press reports, the quarantine currently impacts persons traveling from Alabama, Arkansas, Arizona, Florida, North Carolina, South Carolina, Utah […]. At 12:01 a.m. this morning Governor Cuomo joined the Governors of New Jersey and Connecticut in imposing a 14 day quarantine on persons entering the Tri-State area from states experiencing spikes in the COVID-19 virus.

Data: Americans Were On The Road Again Over Holiday Weekend


Tubing was canceled in some Texas rivers, and in South Carolina, some beaches did away with firework shows as well. United States citizens took to the road to travel for the 4th of July weekend, the surging coronavirus not deterring them, CNN reported , citing cell phone data.

HCSB Financial in S.C. Freed from Regulatory Order

American Banker

and the South Carolina State Board of Financial Institutions. The $381 million-asset company said its bank was no longer under a consent order with the Federal Deposit Insurance Corp. breaking_news sc community-banking

First Citizens, CIT Group Merger Will Create $100B Bank


The merged firm will be headquartered in Raleigh, North Carolina and will operate under the First Citizens name and NASDAQ ticker symbol FCNCA. Among other locations, operation centers will be located in New York, New Jersey, California, Nebraska, Arizona, Florida and South Carolina.

Groups 190

New York To Sunbelt State Tourists: Stay Home


At the news conference, Cuomo called out several states with surging infection rates whose residents would be included in the quarantine should they travel to the Tri-State area, including Alabama, Arkansas, Arizona, Florida, North Carolina, South Carolina, Washington, Utah and Texas.

Report Shows US Small Towns Lost 14 Pct Of Banks Between 2012-17


Allendale, South Carolina, a modest but previously healthy small town, has felt the economic pain of losing multiple bank branches.

CORO Global Brings Gold Payment App To Alabama


With the approval in Alabama, CORO is now available in the Apple App Store and Google Play store to residents in 13 states: Florida, Alabama, Arizona, Arkansas, Alaska, Delaware, Idaho, Montana, Massachusetts, Oregon, South Carolina, Washington State and Wisconsin.