Sign In
Free Newsletter
Company originates $38.7M for Roost project
Dallas-based Hall Structured Finance has originated a new first lien construction loan totaling $38.7 million to finance the development of the Roost Apartment Hotel in Charleston. The extended-stay, boutique apartment hotel will be operated by Philadelphia-based Method Co., a real estate management, development and design compa[...]
South Street Partners closes fund at more than $225M
South Street Partners, a private equity real estate investment firm headquartered in Charlotte and Charleston, has closed SSP GP Fund I on July 27. The firm’s inaugural discretionary commingled fund raised more than $225 million, easily exceeding an original target of $100 million, according to a news release. The fund was formed to continue South […]
Geneva Financial opens branch in Mount Pleasant
Geneva Financial, a direct mortgage lender operating in 46 states, has announced the opening of a new branch in Mount Pleasant at 115 Bowman Road. It is the company’s first location in the Lowcountry, according to the Geneva website location guide. Adam Kernen is the branch manager, according to a news release. “The growth in the South […]
Diversified Trust expands into SC with launch of Charleston office
Diversified Trust, a wealth management firm with offices throughout the Southeast, plans to expand into South Carolina with an office in Charleston. The Charleston office, the company’s fifth, is the first new office for Diversified Trust in 11 years, according to a news release, which said the company manages more than $8 billion in client […]
Charleston-area bank names new market president
Ameris Bank has announced the promotion of Andy Thomas to Lowcountry market president. Thomas, who was previously the market president for Beaufort, will be based in Mount Pleasant and will lead a team of commercial bankers to serve the loan, deposit and service needs of businesses throughout the Greater Charleston, Mount Pleasant, Summerville and Beaufort […]
People in the News, June 14
People in the News Submit people items for possible publication in the Charleston Regional Business Journal using the submission portal at this link. Publication is dependent on editorial guidelines and space considerations. Accounting Alexandria Romero, CPA, has joined Chris Hervochon, CPA, CVA, as a virtual chief financial officer. In her new role, Romero directs financial planning, […][...]
SC venture capital firm closes $102M fund
Venture fund group Good Growth Capital today announced it has closed its oversubscribed third fund at $102 million. The new fund is the largest in state history, according to a statement issued at the Dig South Tech Summit hosted by the College of Charleston. Good Growth Capital is the most active venture capital firm in […]
Regions Bank brings ‘branch of the future’ to the Lowcountry
Regions Bank is bringing the latest in modern banking practices and technologies to the Lowcountry with a new branch at the Wando Crossing Shopping Center in Mount Pleasant. The branch, which is located along U.S. Highway 17, replaces two older-format branches nearby and aims to improve in-person convenience by doing away w[...]
JBJ Invest acquired in deal with Creative Planning
JBJ Invest, an independent financial planning firm in Charleston, has been acquired by Creative Planning LLC. JBJ Invest, founded by pediatric dentist and certified financial planner Dr. Jim Jackson in 2012, specializes in financial planning and small business consulting within the health care industry. JBJ manages more than $735 million in assets and offers investment […]
Power List Test
Click names for profiles POWER LIST HONOREES No. 1: Michael C. "Mike" Crapps First Community Bank D avid E. Anderson, president and CEO of Anderson Brothers Bank in Mullins since 1993, leads by example — in his bank, in the Pee Dee, and in the state’s banking industry. Having been in banking since 1981, his […]
Viewpoint: Even though markets are scary, expect little long-term impact
Since the COVID-induced recession in 2020, the stock market has often declined by about 5% but it quickly recovered and soon climbed to a new record high level. In our opinion, a correction is long overdue and is probably underway currently, but it should not be particularly troublesome. As we see it, the current stock drop was […]
