Federal regulators levy fines against CertusBank founders, former execs

Former execs fined more than $55,000 without admitting wrongdoing. Feds cite excessive spending and “reckless unsafe or unsound practices.”

BB&T plans $30M, 140,000 SF facility in Mauldin

BB&T Corp. plans a mortgage servicing center in Mauldin that will house more than 600 employees, currently at the bank’s Collage Street building in Greenville, company officials said.

ScanSource reports higher 2Q net income

Greenville-based technology products provider delivers “strong bottom-line results,” CEO says. Net sales decline to $904.8 million.

Carolina Alliance Bank reports earnings increase for 2016

Spartanburg-based Carolina Alliance Bank said its net income for the year was $4.1 million, compared with $1.8 million in 2015. The bank attributed the increase to its merger with PBSC Financial Corp. and Pinnacle Bank of South Carolina, which closed in October 2015.

United Community Banks reports higher 4Q earnings

Diluted earnings per share were up 52 percent, to 38 cents, from fourth quarter 2015. Excluding merger-related and other non-operating charges, diluted operating EPS were up 21 percent, to 40 cents.

Southern First reports higher 4Q earnings

Gross loans, total deposits increase for Greenville-based bank company. Company CEO Art Seaver lauds Southern First team, anticipates opening of new office in Triangle region of North Carolina.

Pinnacle Financial Partners agrees to acquire BNC Bancorp in $1.9B bank merger

Merger affects Greenville bank landscape. BNC expanded in Greenville acquisition of former CertusBank assets.

VentureSouth posts record year in 2016

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.

Carolina Alliance Bank hopes to form holding company

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.

Southern First’s Art Seaver seeks ‘the right market at the right time’

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.

Iberiabank moves into Greenville with former UCB exec at helm

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.

Carolina Financial agrees to acquire Greer Bancshares

Acquisition gives Carolina Financial four additional branches as part of its CresCom Bank subsidiary. The new locations are in the Greenville-Anderson-Mauldin area.

Carolina Alliance’s third-quarter earnings increase more than twofold

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.

UCB’s Rich Bradshaw discusses how lenders can help entrepreneurs

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.

Digital-banking business poses challenges for First Citizens

Bank apologizes after customers unable to access accounts. “Limited functionality” tied to launch of digital banking platform.