Former execs fined more than $55,000 without admitting wrongdoing. Feds cite excessive spending and “reckless unsafe or unsound practices.”
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.
Greenville-based technology products provider delivers “strong bottom-line results,” CEO says. Net sales decline to $904.8 million.
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.
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.
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.
Merger affects Greenville bank landscape. BNC expanded in Greenville acquisition of former CertusBank assets.
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.