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South Carolina banker elected chair of ABA’s Community Bankers Council

ABA Community Banking

ABA has elected Jennifer Jones as chair of the Community Bankers Council for the 2024-2025 association year. Jones is president and CEO of CBL State Savings Bank in Greer, South Carolina. The post South Carolina banker elected chair of ABA’s Community Bankers Council appeared first on ABA Banking Journal.

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United Community in South Carolina to buy ANB Holdings in Florida

ABA Community Banking

United Community Banks in Greenville, South Carolina, has agreed to buy ANB Holdings in Oakland Park, Florida. The post United Community in South Carolina to buy ANB Holdings in Florida appeared first on ABA Banking Journal.

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Spotlight on lending: Commercial loan growth geographically

Abrigo

A recent data report culled from Sageworks Bank Information , a web-based data platform that includes financial and regulatory information on every U.S. bank and credit union, named the “ Top 15 community banks by commercial loan growth.” Blog Bank' From that subset of all U.S.

Lending 186
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Why PayPal just deposited $50 million in a small South Carolina bank

Payments Source

"It's on-demand capital for us," Optus Bank's CEO says of the payment company's deposit. The funds are part of PayPal's broader effort to confront race and income inequality.

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Report Shows US Small Towns Lost 14 Pct Of Banks Between 2012-17

PYMNTS

Financial institutions have been abandoning American smaller towns in striking numbers over the past decade, presenting a significant economic challenge in the communities they serve, according to a report from Bloomberg. More than 1,500 bank branches shuttered between 2012 and 2017, according to a recent Federal Reserve report.

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First Bancorp hastens South Carolina expansion with $181 million deal

American Banker

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Credit union-bank mergers approach all-time high

American Banker

REV Federal Credit Union in suburban Charleston, South Carolina, plans to acquire First Neighborhood Bank in West Virginia. It marks the 15th deal this year involving a credit union buying a bank, closing in on 2022's record of 16 deals.