South Carolina

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

The Palmetto State joins Alabama, Florida, Texas and other states to provide greater interstate branching access to members.

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

His decades-long career in credit unions spans three different state leagues and was proceeded by 21 years of military service.

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.

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.

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

The founders of the South Carolina bank, which liquidated after lavish spending and losses depleted its capital, paid a total of $55,000 in fines and face restrictions on future employment.

While most ads for the big game are shrouded in secrecy, the credit union unveiled three spots and asked the public to choose which one should run Sunday.

The South Carolina company plans to use proceeds for acquisitions and organic growth.