South Carolina

The $7.4 billion-asset company announced this week that it is planning a branch in Greenville, S.C.

The Holding family has held large stakes in several banks for years; two of those banks are finally merging as part of a $637 million deal.

The North Carolina company will pay more than $637 million for First Citizens Bancorp., a South Carolina bank. Both companies are majority owned by the Holding family.

BNC Bancorp (BNCN) in High Point, N.C., has agreed to buy Harbor Bank Group in Charleston, S.C.

COLUMBIA, S.C. — VARO No. 319 FCU is set to merge with Carolina Collegiate FCU, following a vote by VARO's members, the two credit unions announced Tuesday.

CertusBank fired its founders for providing inaccurate budgets and for failing to devise a strategy after its failed-bank deals dried up, the Greenville, S.C., company said in court filings.

Subpoenas have been issued by South Carolina's Attorney General's Office in connection to allegations of financial mismanagement by former executives of CertusBank.

CertusBank in Greenville, S.C., has hired a new internal auditor and promoted eight other executives as it reorganizes management weeks after the ouster of its top executives.

CertusBank in Greenville, S.C., continues to lose money, largely because of high expenses. The $1.6 billion-asset company lost $9 million in the first quarter, according to a call report filed with the Federal Deposit Insurance Corp.

In a highly unusual initiative, small community bank Independence Bancshares has been building a real-time transactions processing system. CEO Gordon Baird hopes to attract others to use it, too.

John Poelker, who recently met with key investors, is using YouTube to appeal to clients who might have been spooked by executive ousters and reports of widespread financial excess at the Greenville, S.C., company.

Linda Cox, a former comptroller of First South Bank in Spartanburg, S.C., committed suicide after being questioned by the Federal Bureau of Investigation about missing funds at the bank, the Greenville News reported on Saturday.

State regulators in South Carolina closed the $54 million-asset Allendale County Bank late Friday.

First Financial Holdings (SCBT) in Columbia, S.C., reported a big leap in first-quarter profits thanks largely to double-digit growth in its loan portfolio.

Three of Certus' ousted executives depict a behind-the-scenes struggle at the Greenville, S.C., bank as management, directors and investors were often working at cross purposes. The lawsuit also discusses a possible merger with an unnamed bank that never took place.

The lawsuit claims that Benjamin Weinger of 3-Sigma Value conspired with certain directors to defame the executives before the board fired them earlier this month.

The Greenville, S.C., company hired John Poelker as interim CEO and ousted its top executives less than two weeks after allegations of financial mismanagement surfaced. Poelker, known for stabilizing struggling banks, could be tasked with cleaning Certus up for a buyer.

A bitcoin ATM is coming to South Carolina — the state's first machine will be installed Thursday at the College of Charleston TD Arena.

CertusBank has terminated its top executive team, effective immediately, the $1.7 billion-asset bank announced Wednesday.

Independence Bancshares, (IEBS) in Greenville, S.C., has filed multiple mobile payment patent technology applications with the United States Patent and Trademark Office.