The angel group said it invested more than $4 million in Southeastern startups in 2016, a record for the early-stage investment firm, and a 15 percent increase over the prior year.
Pending regulatory and shareholder approval, the bank’s current CEO and founder John Poole will transition to serve as chief executive of new holding company. The bank’s headquarters will remain in Spartanburg.
The CEO sat down with UBJ to discuss his bank’s expansion into North Carolina, the Federal Reserve’s raising short-term interest rates and the impact on depositors.
South Carolina is the eighth state where the Louisiana-based bank will have retail branches once Sam Erwin of Greenville finds the right place to put one.
Acquisition gives Carolina Financial four additional branches as part of its CresCom Bank subsidiary. The new locations are in the Greenville-Anderson-Mauldin area.
Spartanburg-based bank reported its net income as of Sept. 30 was $3.1 million, a nearly 160 percent increase compared with $1.2 million during the same period of the previous year.
Bradshaw sat down in his Greenville office with Senior Business Writer David Dykes and discussed efforts that could lead to programs and initiatives focusing on supporting entrepreneurs more broadly.
Bank apologizes after customers unable to access accounts. “Limited functionality” tied to launch of digital banking platform.
Southern First net income to common shareholders increased 26 percent. UCB diluted earnings per share up 33 percent to 36 cents.
Spartanburg-based bank accepting videos from Upstate and Western North Carolina that focus on the value of saving and using money wisely until Nov. 18 for Lights, Camera Save! contest.
Clemson University’s financial planning program is one of the best in the nation, according to Financial Planning magazine.
Savings initiative developed after new legislation passes. Credit unions aim to reshape get-rich lottery mentality.
United Community Bank moving nearly four-dozen employees, including several senior managers. President and COO Lynn Harton among those to move.
New fund continues the investment strategy of its predecessor and will support early-stage Southeastern companies with capital and expertise.