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NCUA liquidates credit union in South Carolina
American Banker
SEPTEMBER 20, 2021
South Carolina Related Topics 
NCUA liquidates credit union in South Carolina
American Banker
SEPTEMBER 20, 2021
Credit unions Regulation and compliance
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Tiny South Carolina credit union is NCUA's first conservatorship of 2021
American Banker
JANUARY 6, 2021
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.
South Carolina enacts Servicemembers Civil Relief Act
CFPB Monitor
MAY 7, 2019
On April 26, the South Carolina Servicemembers Civil Relief Act (the “Act”) was signed into law and went into immediate effect. The Act expands servicemember protections in a few important ways: the Act’s definition of “military service” covers members of the South Carolina National Guard who are on active duty (as defined by the statute) for a period of more than 30 days; the Act’s protections extend to dependents of servicemembers engaged in military service; and.
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Why PayPal just deposited $50 million in a small South Carolina bank
Payments Source
AUGUST 26, 2020
"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
APRIL 13, 2021
Credit unions South Carolina Branch banking
REV Federal Credit Union gears up for double merger
American Banker
FEBRUARY 26, 2021
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
SC Federal’s merger wave continues
American Banker
NOVEMBER 3, 2020
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
FEBRUARY 26, 2020
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
JANUARY 27, 2020
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
OCTOBER 11, 2020
The South Carolina company has agreed to buy the parent of Security Federal Bank. M&A Growth strategies Community banks Tennessee South Carolina
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Moving from Teller Cash Dispensers to Recycling Technology Transformed the Branch Environment at South Carolina's Largest Credit Union
ATM Marketplace
JULY 23, 2018
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
FEBRUARY 26, 2020
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.
CFPB settles lawsuit against companies that brokered pension advance products structured as purchases
CFPB Monitor
DECEMBER 18, 2020
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.
Bank OZK exits another state by selling branches
American Banker
JULY 16, 2020
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
United Community to Buy Tidelands in South Carolina
American Banker
APRIL 4, 2016
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
MARCH 3, 2016
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
JANUARY 27, 2020
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
SouthState Bank Offers $200 Checking Bonus In AL, FL, GA, NC, SC, VA
BankDeals
SEPTEMBER 25, 2021
SouthState Bank is offering a $200 new checking bonus Alabama, Florida, Georgia, North Carolina, South Carolina, and Virginia now through October 16, 2021
Organizers look to open bank in western North Carolina
American Banker
OCTOBER 22, 2020
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
Lula, Uber Eats to Provide On-Demand Convenience Store Delivery
PYMNTS
SEPTEMBER 20, 2021
Philadelphia-based Lula operates in New York, Maryland, Georgia, South Carolina, Massachusetts, Connecticut, Arizona and Pennsylvania.
How ‘old school personal banking’ helped turn Optus Bank around
American Banker
MARCH 2, 2020
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
US Telehealth Services Gets $20M Boost for Rural, Underserved Communities
PYMNTS
SEPTEMBER 19, 2021
million, and Medical University of South Carolina, $3.25 The federal Department of Health and Human Services is distributing nearly $20 million to three dozen organizations, nationwide, that are working to spread telehealth in rural areas.
Carolina Financial to Buy Greer Bancshares in S.C.
American Banker
NOVEMBER 8, 2016
Carolina Financial in Charleston, S.C., has agreed to buy Greer Bancshares in South Carolina. breaking_news community-banking m-a sc dealmaking-strategy
California Goes Back Under Lockdown
PYMNTS
JULY 13, 2020
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
Wells Fargo Invests In Six Black-Owned Banks To Boost Equality
PYMNTS
FEBRUARY 8, 2021
Wells Fargo , trying to invest more in Black-owned banks, has put equity investments into six of them thus far, according to a Monday (Feb. 8) press release.
Travel Quarantine Presents New Challenges for Your CU
New York's State of Mind
JUNE 25, 2020
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.
HCSB Financial in S.C. Freed from Regulatory Order
American Banker
OCTOBER 27, 2016
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
Data: Americans Were On The Road Again Over Holiday Weekend
PYMNTS
JULY 12, 2020
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.
Citing Racial Profiling, IBM Will No Longer Sell Face Recognition Software
PYMNTS
JUNE 9, 2020
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.
First Citizens, CIT Group Merger Will Create $100B Bank
PYMNTS
OCTOBER 16, 2020
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.
Retailers Wary Of Opening As Some States Restart Economies
PYMNTS
APRIL 24, 2020
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.
Walmart's New Insurance Brokerage To Sell Medicare Plans
PYMNTS
OCTOBER 7, 2020
The retailer has been slowly entering healthcare services, running low-cost clinics in South Carolina, Georgia and Texas. As it expands upon its efforts to provide health services, Walmart is rolling out licensed insurance brokerage Walmart Insurance Services, LLC.
New York To Sunbelt State Tourists: Stay Home
PYMNTS
JUNE 24, 2020
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.
Walmart Forms Company To Sell Insurance Amid Healthcare Push
PYMNTS
JULY 8, 2020
The retailer has slowly been entering the healthcare services arena, running approximately 24 low-cost clinics in Texas, Georgia and South Carolina.
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