Category Archives: Financial Services

Helping Out for June 15, 2016

The fifth annual Drive Away Childhood Cancer golf tournament is set for Sept. 23 at Patriots Point Links in Mount Pleasant. Proceeds will benefit Chase After a Cure.

$16.3M merger between Carolina Financial, Congaree completed

Carolina Financial Corp., the parent company of Charleston-based CresCom Bank, completed its previously announced merger with Congaree Bancshares Inc., parent of Cayce-based Congaree State Bank. earlier this week.

Helping Out for June 8, 2016

East Cooper Medical Center is holding a Healthy Over Hungry Cereal Drive to benefit the Lowcountry Food Bank. The drive, part of a community effort to provide local children in need with a healthy breakfast during the summer, runs through

Federal Reserve approves sale of Southcoast Community Bank

BNC Bancorp, the holding company for Bank of North Carolina, has received the necessary regulatory approvals — including from the Federal Reserve’s board of governors — to buy Southcoast Financial Corp. and its subsidiary, Southcoast Community Bank.

Report: Economies in Southeast, Far West outpace broader U.S.

According to the latest analysis from Clemson professor emeritus Bruce Yandle, personal income and positive change in unemployment are stronger in the Southeast and Far West than in any other parts of the country.

S.C. home flippers see 58% return on investment in first quarter

In Charleston County, 65 homes were flipped — purchased and resold within a year — during the first quarter, at an average profit of $85,000, according to RealtyTrac. Berkeley County flips profited $62,500; Dorchester County flips grossed $36,900.

Experts urge early preparedness as hurricane season begins

Small businesses in the area of Garners Ferry Road and Devine Street sustained heavy flood damage during October’s historic rain event. (File photo/Perry Baker)

October’s historic floods serve as a reminder to business owners of the importance of having an up-to-date insurance policy and a disaster plan in place. The 2016 hurricane season begins today and runs until Nov. 30.

Helping Out for June 1, 2016

Tradd Newton has been named the 2016 recipient of the Philanthropy Leadership Community Award from the National Children’s Alliance in honor of his long-term volunteer service to The Dee Norton Lowcountry Children’s Center.

Tidelands Bank’s parent company reports net loss of nearly $2M for 2015

The holding company for Mount Pleasant-based Tidelands Bank reported a net loss of nearly $2 million at the end of 2015, according to a filing with the U.S. Securities and Exchange Commission. Tidelands Bancshares Inc. lost $1.8 million in 2015,