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Finance

Last Updated: May 01, 2018 08:17PM • Subscribe via RSSATOM


South State Bank Focuses On Technology And Relationships

With more than 40 years of experience, John Windley, chief banking officer of Columbia-based South State Corp. and president and CEO of South State Bank, says technology is dramatically changing the retail side of the business.

Will UCB Move HQ to Greenville?

Veteran banker Lynn Harton, named chief executive officer of United Community Banks, Inc., the Blairsville, Ga.-based bank holding company, has strong ties to Greenville. The move raises the question: will United move its headquarters to Greenville?

Real Estate: Hot'n'Bought

Real estate’s close to home for Danny Joyner. His father started the eponymous C. Dan Joyner agency in 1964, and last year, the firm marked $1 billion in volume—only the second time ever for the company. And the residential market’s still hot.

Tax Reform Claims Popular College Sports Deduction: Impact Unclear but many Enthusiasts Unfazed

The Internal Revenue Code had allowed an 80 percent deduction, as a charitable contribution, for donations paid for the right to purchase season tickets for athletic-event seating. Under tax reform signed into law by President Trump, the deduction was eliminated.

A Tax Cut Versus a Growth and Jobs Act: Economic Outlook

On Dec. 20, 2017, Congressional Republicans passed one of the biggest tax cuts in nearly three decades. The White House makes the argument that this will create rapid economic growth and new jobs, increase wages, and put more income in the hands of a large majority of Americans.

UCB To Acquire NLFC

The transaction value is estimated to total approximately $130 million, with 35 percent of the consideration to be paid in United common stock and 65 percent to be paid in cash.

Women Banking Leaders Stress Community

Women in South Carolina’s top echelons of banking represent multiple business cultures, yet share one vital common view: community must be integral to their work in banking.

Line on Innovation

The Palmetto State may not have a Triangle or a Valley, but South Carolina’s innovation/tech sector is forming a…Line. With the steady growth of the so-called knowledge economy, entrepreneurs here are drawing an increasingly identifiable link connecting the state’s largest population centers, as well as arousing the interest of homegrown investors willing to finance the future.

Exporting Resources Available to S.C. Firms

Several resources are available to help South Carolina companies expand their business base to include exporting. Canada and Mexico remain the top countries to which S.C. companies export. However, other locales – depending on products and services being offered – provide opportunities. Just remember, 95 percent of the world’s customers are outside of the United States. Here are some organizations that can help.

One Bank’s Sweet Spot

Southern First started with $11.5 million in capital and, Seaver says, “three or four key bankers who had always been in this market.” Today, the bank is the state’s third largest headquartered in South Carolina, with $1.2 billion in deposits.

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