News Topic: South Carolina

The North Carolina regional will pay $30 million for the much-smaller Palmetto Heritage Bancshares. ... Read full article

Citizens Bancshares has agreed to buy Regional Bankshares for $11 million. ... Read full article

Beacon Community Bank, which opened in January, raised $34 million through a private placement. ... Read full article

California 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. ... Read full article

Just 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. ... Read full article

The South Carolina company also provided a timeline for heightened regulation tied to crossing the $10 billion-asset threshold. ... Read full article

The company agreed to pay $18 million for Atlantic Bancshares in a deal that will increase its operations along South Carolina's coast. ... Read full article

John Kimberly, who was CEO of a bank that CAB bought in 2014, is set to take the helm on Jan. 1. ... Read full article

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. ... Read full article

The company, which agreed to buy Independence Bancshares, also brought in $25 million by selling common and preferred stock. ... Read full article

Lynn 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 ... Read full article

Beacon Community Bank seeks to become the first new bank in South Carolina in roughly a decade. ... Read full article

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 sell to a buyer from another state. ... Read full article

Beacon Community Bank aims to become the first bank to open in Charleston, S.C., in a decade. ... Read full article

GrandSouth Bancorp's issues with floor-plan loans to car dealers serve as a reminder of another pitfall in auto lending besides consumer loans. ... Read full article

The Georgia company invested in HCSB Financial's recapitalization a year before agreeing to buy the coastal South Carolina bank. Doing so allowed United to stay to close to HCSB and its board, which helped when the time came to discuss a deal. ... Read full article

The 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. ... Read full article

The deal, which is expected to close in the fourth quarter, values Cornerstone at $25.8 million. ... Read full article