Finance Archives - Page 3 of 43 - UPSTATE BUSINESS JOURNAL

C. Hunter Westbrook appointed president and COO of HomeTrust Bank

Dana L. Stonestreet, chairman, president and CEO of the company, will continue to serve as chairman and CEO of the bank.

Developers look elsewhere for funding as some banks pause commercial lending

Dustin Green, who serves as senior vice president and commercial team leader with Park National Bank, said he’s aware some banks have “definitely turned the spigot off during certain times” as a result of the pandemic.

Community First to acquire SFB of Tennessee

The merger is expected to close in the first quarter of 2021.

Fifth Third Bank donates $12,000 to Loaves and Fishes of Greenville

Donation was part of the financial institution’s grand opening celebration of its first banking center in South Carolina.

Pinnacle Financial Partners grows Upstate deposits to $367.2 million

According to data from the Federal Deposit Insurance Corporation, Pinnacle Financial Partners has grown its Upstate deposits in combined MSAs to $367.2 million. During a 12-month period, which ended June…

Southern First’s new headquarters builds on the future of banking

“We're really proud of our culture here and proud of being independent for 20 years. And looking forward to the next 20 and beyond,” said Cal Hurst, Southern First’s chief banking officer.

The 1031 exchange: A simple idea and a complex process

What if you had a way to defer capital gains taxes? For those unfamiliar with the concept, a 1031 exchange — also called a like-kind exchange — is just that.…

Flexibility helps businesses maintain financial health in a pandemic

It takes flexibility to stay financially stable in the midst of a pandemic. “What we’ve seen [is] you have to be able to pivot; you have to be able to…

Community stability is key to business financial success

When a grocery store decides to build in a new location, plenty of research goes into where exactly that should be, said Tammie Hoy Hawkins, CEO of CommunityWorks in Greenville. …

Anderson Federal Credit Union and SC Telco Federal Credit Union announce name of new merged organization

Brian McKay, SC Telco Federal Credit Union's president and CEO, will continue in his role at the new entity.