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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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4 Ways Insurers Can Help Communities Affected by Hurricane Ian

Perficient

Hurricane Ian slammed into Florida’s gulf coast and Georgetown, South Carolina, on September 28, leaving countless businesses and homes — if not wholly destroyed — drowned with flood water and without power. Community outreach.

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United Community exits manufactured housing with loan sale

American Banker

The sale of the $318 million-asset portfolio comes five weeks after the Greenville, South Carolina-based company agreed to sell its investment advisory unit.

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Despite M&A lull, United Community still seeking deals

American Banker

The South Carolina-based bank considers itself a buyer, but has put the 17 months since announcing its last acquisition to good use, reassessing multiple business lines and upgrading technology.

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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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First Citizens, CIT Group Merger Will Create $100B Bank

PYMNTS

“This is a transformational partnership for First Citizens and CIT, designed to create long-term value for all of our constituents, including our stockholders, our customers, our associates and our communities,” said Frank Holding Jr. chairman and CEO of First Citizens, roles he will keep in the combined company. .

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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.