62 South Carolina merger to create $500M-asset bank
BankThink
MAY 21, 2018
Community banking M&A Growth strategies South CarolinaCitizens Bancshares has agreed to buy Regional Bankshares for $11 million.
South Carolina Related Topics 
First Citizens to buy small bank in South Carolina
BankThink
JANUARY 10, 2019
The North Carolina company agreed to pay $38 million in cash for First South Bancorp. Community banking M&A Capital North Carolina South Carolina
New South Carolina bank raises additional capital
BankThink
MAY 14, 2018
De novo banks Community banking Capital markets M&A South CarolinaBeacon Community Bank, which opened in January, raised $34 million through a private placement.
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.
South Carolina de novo looks to raise up to $34 million
BankThink
JUNE 19, 2017
Beacon Community Bank seeks to become the first new bank in South Carolina in roughly a decade. Community banking De novo banks Capital South Carolina
First Community to buy Cornerstone in South Carolina
BankThink
APRIL 12, 2017
M&A Growth strategies Capital South CarolinaThe deal, which is expected to close in the fourth quarter, values Cornerstone at $25.8 million.
United Community to buy HCSB Financial in South Carolina
BankThink
APRIL 20, 2017
M&A Capital Growth strategies South CarolinaThe deal is the latest coastal acquisition for United Community. For HCSB, the sale is the final chapter in a turnaround that began 13 months earlier.
Select Bancorp selling S.C. branch to Pickens Savings
BankThink
JUNE 6, 2019
The North Carolina company will have two branches remaining in South Carolina after the sale closes. Community banking M&A Branch deals South Carolina
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
North Carolina group switches plan from de novo to M&A
BankThink
SEPTEMBER 6, 2019
M&A De novo institutions Community banking North Carolina South Carolina VirginiaSkip Brown, an executive with the the Winston-Salem Banking Group, says it has signed a letter of intent to buy a community bank three months after withdrawing a charter application.
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
Carolina Financial makes bigger inland push with latest bank purchase
BankThink
JULY 15, 2019
will by Carolina Trust in western North Carolina for $100 million. Community banking M&A Capital South Carolina North CarolinaThe company, based in Charleston, S.C.,
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
Carolina Financial to raise $44M in public offering
BankThink
JANUARY 20, 2017
The South Carolina company plans to use proceeds for acquisitions and organic growth. Community banking Capital South Carolina
Founders Buys Naming Rights to University of South Carolina's Baseball Stadium
Keith Leggett's Credit Union Watch
OCTOBER 22, 2015
The State is reporting that Founders Federal Credit Union (Lancaster, SC) is buying the naming rights to the baseball stadium at the University of South Carolina. The University's Board of Trustees unanimously approved a 10-year, $7 million naming rights and advertising deal that will change the name of Carolina Stadium to Founders Park.
South State's profit dips due to M&A costs, tax reform hit
BankThink
JANUARY 23, 2018
The South Carolina company also provided a timeline for heightened regulation tied to crossing the $10 billion asset threshold. Community banking Durbin Amendment M&A Earnings South Carolina
SC Lawmakers Propose $20 Porn Filter
PYMNTS
DECEMBER 22, 2016
In an attempt to crack down human trafficking and explicit online behavior, lawmakers in South Carolina are teeing up a bill that would levy a $20 fee on those who wish to watch internet pornography. The proposed bill , the Human Trafficking Prevention Act, requires computers, tablets and other devices sold within South Carolina to have a mandatory porn filter built into the device. Regulation fine Porn pornography sc sex trafficking South Carolina What's Hot
South Atlantic Bancshares in S.C. makes first bank acquisition
BankThink
DECEMBER 13, 2017
The company agreed to pay $18 million for Atlantic Bancshares in a deal that will increase its operations along South Carolina's coast. Community banking Capital M&A Growth strategies South Carolina
First Citizens plays small ball with coastal S.C. acquisition
BankThink
JULY 26, 2018
The North Carolina regional will pay $30 million for the much-smaller Palmetto Heritage Bancshares. Regional banks Community banking M&A Capital Growth strategies North Carolina South Carolina
Why this bank finally ended an M&A drought
BankThink
OCTOBER 19, 2017
First Reliance in South Carolina, which recently announced its first bank acquisition, is angling to take advantage of disruption caused by bigger mergers in the Carolinas. Community banking M&A Growth strategies Capital South Carolina North Carolina
Banks across the Carolinas assess aftermath of Hurricane Florence
BankThink
SEPTEMBER 17, 2018
The storm dumped a record amount of rain on North Carolina over several days. Natural disasters Disaster recovery Crisis management Community banking Regional banks North Carolina South CarolinaSome sections of the coast remain off limits due to flooded highways.
Mortgage exec gives struggling bank a digital makeover
BankThink
SEPTEMBER 10, 2018
Community banking Online banking Digital marketing Virginia North Carolina South CarolinaCasey Crawford, CEO of Movement Mortgage, bought First State Bank in Virginia last year. He has since injected more capital into the bank in an effort to reinvent it.
OCC hits former CertusBank execs with fines, enforcement actions
BankThink
FEBRUARY 24, 2017
The founders of the South Carolina bank, which liquidated after lavish spending and losses depleted its capital, paid a total of $57,000 in fines and face restrictions on future employment. Capital Enforcement actions Penalties and fines South Carolina
Park in Ohio doubles down in the Carolinas with latest acquisition
BankThink
SEPTEMBER 13, 2018
The company will pay $142 million for Carolina Alliance Bank three months after buying NewDominion in Charlotte, N.C. Community banking M&A Capital Growth strategies North Carolina South Carolina Ohio
Banks in path of Hurricane Florence closing branches
BankThink
SEPTEMBER 11, 2018
With the large storm threatening coasts in Virginia and the Carolinas, some banks are planning to shutter branches for the rest of this week. Natural disasters Community banking Regional banks North Carolina South Carolina Virginia
Wells Fargo layoffs begin with 1,000 mortgage, tech jobs
BankThink
NOVEMBER 15, 2018
Layoffs Employee terminations Expense management Foreclosures Mortgage applications Employment data Tim Sloan Wells Fargo Iowa South CarolinaWells Fargo will lay off 1,000 workers primarily from its mortgage unit in the first major round of a previously announced plan to cut the bank's workforce by as much as 10% over the next three years.
First Reliance in S.C. raises capital to fund its first bank deal
BankThink
SEPTEMBER 26, 2017
Community banking M&A Capital South Carolina North CarolinaThe company, which agreed to buy Independence Bancshares, also brought in $25 million by selling common and preferred stock.
De novo field widens with S.C. group's application
BankThink
JUNE 8, 2017
Community banking De novo banks Capital South CarolinaBeacon Community Bank aims to become the first bank to open in Charleston, S.C., in a decade.
Payday lender to settle fee-practices probe
BankThink
MARCH 12, 2018
Payday lending Consumer lending Subprime lending State regulators Compliance Advance America California South CarolinaCalifornia officials had accused Advance America of wrongly assessing Department of Motor Vehicles fees on its payday loans to skirt the state's interest rate cap.
The other big risk in auto lending
BankThink
MAY 31, 2017
Community banking Credit quality Commercial lending Auto industry South CarolinaGrandSouth Bancorp's issues with floor-plan loans to car dealers serve as a reminder of another pitfall in auto lending besides consumer loans.
CAB Financial in S.C. promotes insider as next CEO
BankThink
DECEMBER 12, 2017
Community banking Succession planning Growth strategies South CarolinaJohn Kimberly, who was CEO of a bank that CAB bought in 2014, is set to take the helm on Jan.
Why United Community cozied up to a target before buying it
BankThink
APRIL 25, 2017
The Georgia company invested in HCSB Financial's recapitalization a year before agreeing to buy the coastal South Carolina bank. M&A Commercial lending Deposits South CarolinaDoing so allowed United to stay to close to HCSB and its board, which helped when the time came to discuss a deal.
Behind a Georgia bank’s long and winding succession plan
BankThink
AUGUST 17, 2017
Community banking Succession planning Strategic planning Georgia North Carolina South Carolina TennesseeLynn Harton was finally named CEO of United Community Bank after a five-year apprenticeship, though Jimmy Tallent remains CEO of the parent company. The executives have long touted an ability to bounce ideas off each other as a reason for United's success.
Ex-Bank One chief McCoy joins board of N.C. bank in sudden tumult
BankThink
FEBRUARY 16, 2018
Community banking Change management Capital markets Private placements Capital North Carolina South CarolinaJust two months after a capital infusion, First Capital Bancshares added banking veterans including John McCoy and Harvey Glick as directors in a board overhaul, changed CEOs, and decided to move its corporate headquarters to Charleston, S.C.
Police shoot suspect during CU branch robbery
CU Insight
FEBRUARY 5, 2019
Police shot and injured a woman after she allegedly robbed a South Carolina Federal Credit Union branch Tuesday morning. South Carolina FCU closed the branch at 4503 Forest Drive in Columbia, S.C. All employees are safe,” South Carolina FCU said in a social media post.
Carolina Financial in S.C. is latest out-of-state bank to expand in North Carolina
BankThink
JUNE 12, 2017
The company agreed to pay $162 million to buy First South Bancorp in Washington, N.C. It is the fifth time this year that a bank in North Carolina has agreed to be sold to a buyer from another state. Community banking M&A Capital South Carolina North Carolina
Choosing the right charter for growth
CU Insight
MAY 30, 2019
billion South Carolina Federal Credit Union , North Charleston, tried on the community charter in March 2003, which allowed it to serve a number of underserved areas. Credit Unions Industry News CU Management CUES Growth Sam Brownell South Carolina Federal Credit Union
Main Street, USA = Community Financial Institutions + Small Businesses
ForwardBanker
MAY 23, 2019
Since 2016, the team put on more than 20 free seminars taking place in locations from Oregon and Washington state to South Carolina, Texas, and Michigan. Our Small Business Revolution – Main Street team recently finished its 2019 series of small business marketing seminars.
Scott to lead Senate Banking's financial institutions subcommittee
BankThink
JANUARY 18, 2019
The South Carolina Republican will take over for Sen. Pat Toomey, R-Pa., as part of a reshuffling of subcommittee assignments. Election 2018 Regulatory reform Pat Toomey Mark Warner Elizabeth Warren Senate Banking Committee
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
Warren probes ethics officials over Mulvaney's job discussions
BankThink
JANUARY 15, 2019
Elizabeth Warren is asking whether acting White House Chief of Staff Mick Mulvaney's reported talks to be president of the University of South Carolina violated the Stop Trading on Congressional Knowledge Act. Trump administration Elizabeth Warren Mick Mulvaney CFPB
CFPB’s Mulvaney misled Congress about land deal, watchdog says
BankThink
APRIL 30, 2018
The group says Mulvaney, who also runs OMB, was not totally forthcoming with the Senate Budget Committee about the foreclosure of a property he owns in South Carolina. Corporate ethics Foreclosures Commercial real estate lending Trump administration Mick Mulvaney CFPB
How this tiny black-owned bank is turning itself around with fintech
BankThink
AUGUST 6, 2018
A $52 million-asset African-American-owned bank in South Carolina is hoping its efforts can be expanded to help underbanked consumers nationwide. Fintech Financial inclusion Document imaging Document management Community banking
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