Category Archives: Banking

GrandSouth Bank reports first-quarter growth

GREENVILLE, S.C., May 6, 2017 -- GrandSouth Bancorporation had another excellent quarter of growth in total assets ending March 31, 2017.  Our investment into three new markets combined with organic growth in our legacy offices produced asset growth of approximately 28.4% year over year.  Total assets grew from $435.8 million as of March 31, 2016…
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SAFE Names New Executive VP

SUMTER, South Carolina, May 2, 2017 – Michael Baker, who has worked at SAFE Federal Credit Union for more than 16 years, has been named SAFE’s executive vice president. [caption id="attachment_9180" align="alignleft" width="210"] Michael Baker[/caption] Baker, most recently vice president of operations, now oversees a broad range of the growing credit union’s services and operations.…
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Regional bank executive Hammond Edwards joins Resource Financial Services

Resource Financial Services, a privately owned mortgage banker headquartered in Columbia, SC, announced today that Hammond Edwards, a banking executive with more than 30 years experience, has joined their team as a mortgage banker. Edwards will use his extensive knowledge to advise Resource Financial customers on mortgages and refinancing while helping them achieve their financial…
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Bochette Named Treasurer for South State Corporation

COLUMBIA, S.C.--(BUSINESS WIRE)-- South State Corporation (NASDAQ: SSB) announced that William C. Bochette III has been named treasurer. [caption id="attachment_8527" align="alignleft" width="480"] William C. Bochette III, Executive Vice President, Secretary & Treasurer, South State Corporation[/caption] With 28 years of experience in the banking industry, Bochette has served in several positions for community banks, including CEO,…
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First Reliance Bank Announces New Board Chairman

FLORENCE, S.C., March 21, 2017 /PRNewswire/ -- First Reliance Bank has announced the appointment of J. Munford Scott, Jr. as Chairman of the Board.  Scott has served as a Director of First Reliance Bank since January 2007 and as Chairman of the Compensation Committee. Scott is currently serving as Florence County Probate Judge. Before his election Judge…
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First Reliance reports record pretax income of $1.4 million for 4th quarter

FLORENCE, S.C. -- First Reliance Bancshares, Inc. (OTC: FSRL), the holding company (the "Company") for First Reliance Bank (the "Bank"), reported fourth quarter 2016 pre-tax profits of $1,441,795. This is the 12th consecutive quarter of profitability which continues to be fueled by strong loan and deposit growth, and expanding operating efficiencies. In the fourth quarter…
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Tanya Butts joins First Community Bank as COO

(Lexington, SC) – First Community Bank is pleased to announce that Tanya Butts has joined its executive leadership team in the newly created position of Chief Operations Officer & Chief Risk Officer. With more than 25 years of experience in the financial services industry, she will lead a team responsible for the day-to-day operational activities…
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