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Greenville, SC
Friday, November 24, 2017

Carolina Alliance completes reorganization under new holding company

The Federal Reserve gave the Spartanburg bank approval to reorganize under the new company CAB Financial Corp.

First Community completes acquisition of Cornerstone Bancorp

The combined company has more than $1 billion in assets and $914 million in deposits and customer cash management accounts.

FINRA says Greenville’s Sandlapper Securities defrauded investors

FINRA alleges Sandlapper sold investments in saltwater disposal wells at excessive markups through a development company it controlled.

First Reliance to acquire Greenville-based Independence National Bank

The acquisition is expected to close in the first quarter of 2018.

VentureSouth expands into NC’s Triad region

The addition of VentureSouth Piedmont brings to 13 the number of angel investor groups in both Carolinas that fall under the VentureSouth umbrella.

Greenville-based FinTrust merges with Athen’s Broad Street

The new FinTrust has offices in Greenville, Anderson, Charleston, Athens, and Macon, Ga., and plans to add offices in Atlanta and Columbia.

Carolina Alliance announces 5 percent stock dividend

The bank said the dividend will be payable Sept. 19 to shareholders of record as of Sept. 5, 2017.

Regulators clear merger of SC banks

Cornerstone operates branches in Easley,  Greenville, and Piedmont.

Harton named CEO of United Community Bank

Greenville is a key location for the growing bank, which employs just under 2,000 people and operates 142 branches in the Carolinas, Georgia, and Tennessee.

NASCAR’s Danica Patrick surprises Advance America customers in Spartanburg

Spartanburg-based Advance America kicks off 20th anniversary celebration by surprising customers with cash and a visit from NASCAR star Danica Patrick.

Carolina Alliance Bank’s earnings increase during second quarter

Spartanburg-based Carolina Alliance Bank reported Monday its net income rose to $2.1 million for the quarter ended June 30, a nearly 11 percent increase compared with $1.9 million during the same period of 2016.

CCNB opens Greenville Loan Production Office

CCNB has hired Jimmy Kimbell as senior vice president and Upstate market executive to lead this initiative. As a part of this new LPO team, Andrew Howard joins CCNB as vice president and commercial relationship manager.

Greenville-based Southern First Bank opens Atlanta branch

Southern First Bank began doing business outside of South Carolina for the first time last year.

Be frugal, not cheap, when selling your business

Before you make any commitments, and especially once you get a term sheet, call your lawyer.

United Community Bank makes move into Raleigh

United Community’s headquarters is in Blairsville, Ga., but seven out of 10 members of its executive team work in Greenville, including Lynn Harton, president and chief operating officer, and Jefferson Harralson, chief financial officer.

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