South Carolina

Credit unions across the mid-Atlantic are bracing for Hurricane Florence, with many closing their doors and not expecting to reopen until next week.

With the large storm threatening coasts in Virginia and the Carolinas, some banks are planning to shutter branches for the rest of this week.

NAFCU has canceled its annual Congressional Caucus in Washington in advance of the storm as credit unions in the Carolinas and Virginia do what they can to prepare and, in some cases, begin evacuations.

Casey Crawford, CEO of Movement Mortgage, bought First State Bank in Virginia last year. He has since injected more capital into the bank in an effort to reinvent it.

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

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

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

The National Credit Union Administration has approved a field of membership expansion for the Myrtle Beach-based credit union.

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.

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.

Longtime CEO John Radebaugh will retire July 1, at which time EVP/COO Dan Schline will take the helm.

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

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

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

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.

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

Monday’s eclipse is an astronomer’s dream, but CUs’ responses range from trying to make hay while the sun isn’t shining to preparing for potential disaster.

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 success.

The credit union’s new name and imagery are intended to represent financial empowerment for consumers.

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