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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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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.

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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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Oconee Federal, Mutual Savings Bank in South Carolina to merge

American Banker

The deal is expected to close late in 2023 or early next year and be immediately accretive to the combined company's earnings.

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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.

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Community First plans to enter Tennessee with SFB acquisition

American Banker

The South Carolina company has agreed to buy the parent of Security Federal Bank.

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Main Street, USA = Community Financial Institutions + Small Businesses

ForwardBanker

Since 2016, the team put on more than 20 free seminars taking place in locations from Oregon and Washington state to South Carolina, Texas, and Michigan. The post Main Street, USA = Community Financial Institutions + Small Businesses appeared first on Deluxe FS.

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