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Banking & Finance

Recent data reinforce the notion that the economy continues to expand at an impressive pace while the inflation rate remains on track to steadily shrink. (Photo/DepositPhotos)
Apr 10, 2024

ECONOMIST: Strong employment does not preclude rate cuts

Recent data reinforce the notion that the economy continues to expand at an impressive pace while the inflation rate …

Feb 20, 2024

South Carolina’s tourism industry could endure ‘devastating blow’ if this credit card bill passes

The credit card bill could change how transactions are processed and eliminate ....

Truist Financial Corp. has named Matt Roth as the middle market banking leader for South Carolina.
Jan 4, 2024

Truist names executive to oversee South Carolina market

The executive will be responsible for the overall performance for Middle Market Banking in the South Carolina region, including high-quality client service, profitability and growth, and risk management.

Oct 4, 2023

Privately held Charleston bank unveils new corporate headquarters

Beacon Community Bank, a privately held community bank founded in Charleston, has opened its new two-story headquarters and branch at 2347 Highway 17 North in Mount Pleasant. This is the sixth branch opening in six years in the Charleston tri-county area for the financial institution, according to a news release. “This is [...]

Sep 15, 2023

Wells Fargo employees go hammers-in for North Charleston family

Wells Fargo employees were out, hammers-in-hands, on Sept. 13, to help frame walls and paint a new three-bedroom Habitat home in Charleston. Charleston Habitat for Humanity received a $15,000 grant to help build a new home for lifelong Charlestonian Theresa Mitchell and her family in North Charleston Heights. The activity is a p[...]

Sep 14, 2023

Charleston private equity firm reaches $1 billion in assets

TMGOC Ventures, a joint venture partnership between The Montford Group and Opterra Capital, a real estate and development private equity firm headquartered in Charleston and Boca Raton, Fla., has reached $1 billion under ownership and development. Since its inception in 2019, TMGOC has grown rapidly amassing $1 billion in existi[...]

Jun 20, 2023

Boeing’s North Charleston planes selling faster than ever

The North Charleston-based Boeing program is selling planes faster than anytime in its history, the company says, with 250 order commitments in the last six months. The latest sales were made official today when Air India and Boeing announced a large order that includes 20 Dreamliners, with an option for 20 more, soon after Boei[...]

May 30, 2023

Charleston wealth management firm merges with Atlanta firm

Charleston-based Apollon Wealth Management and Catalyst Wealth Management, based in Atlanta, have entered into a partnership. The new entity, Catalyst Apollon, will be part of Apollon’s SEC-registered investment adviser firm, according to an Apollon news release. Apollon is a full-service wealth management firm, and as a r[...]

Oct 17, 2022

CommunityWorks receives Cummins gift to support Black business

CommunityWorks was honored at a Cummins Turbo Technologies ribbon-cutting ceremony for the expansion of their manufacturing operations in Charleston County on Friday. Through their program, Cummins Advocating for Racial Equity, Cummins, the company provided CommunityWorks with $650,000 to support small business lending and coach[...]

Oct 14, 2022

Dorchester County schedules ceremony to mark construction at Port 95

Dorchester County will break ground officially soon on the Port 95 Business Park at the 1,300-acre Winding Woods Industrial Park on Highway 78. The ceremony will take place at 2 p.m. on Oct. 26 at the site near St. George. Branded “Port 95 Business Park” to emphasize its location near the Interstate 95 distribution r[...]

Oct 6, 2022

Developer secures financing for next phase of The Waterfront

East West Partners, with the assistance of its capital adviser, Patterson Real Estate Advisory Group, closed construction financing for the second phase of The Waterfront Daniel Island, a 41-unit, luxury condominium development along the Wando River on Daniel Island. Patterson arranged construction financing with Western Allianc[...]

Sep 20, 2022

Encore Bank moves into Charleston market

Encore Bank celebrated the grand opening of its first full-service branch in South Carolina on Sept. 14.   They have taken 5,800 square feet of space inside the Lumberyard building on Summerville Avenue in Charleston’s Upper Peninsula.  Owned by RCB Development, the renovated Lumberyard building is a reclaim[...]