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Lowcountry man sentenced to over 5 years for fraud scheme
A federal judge has sentenced a Lowcountry man to over five years in prison for a fraud scheme that stole over a million dollars from dozens of people between 2016 and 2018.
Mount Pleasant insurance agency among top in S.C.
Mount Pleasant-based insurance agency Brightway, The Howard Agency, has been recognized as one of the top five insurance agencies in South Carolina by property insurance company Lighthouse Insurance. The Howard Agency opened two years ago and is owned by Jeff Howard. The agency’s office is located at 3003 Dunes West Blvd. Lighthouse recognized agencies that […]
COPING WITH COVID: MassMutual S.C.
Coping with COVID SC Biz News is speaking with small businesses and community leaders about the impact of the new coronavirus on business and industry, and how this is changing how they operate. Contact Andy Owens, aowens@scbiznews.com, with any questions or ideas. When Ry Hudnall, the owner of MassMutual S.C., saw the COVID-19 outbreak rolling […]
COPING WITH COVID: Beacon Community Bank
Coping with COVID SC Biz News is speaking with small businesses and community leaders about the impact of the new coronavirus on business and industry, and how this is changing how they operate. Contact Andy Owens, aowens@scbiznews.com, with any questions or ideas. Brooks Melton said one of the most challenging parts of dealing with the new […]
Bullard joins First Reliance Bank as Charleston market president
Frank Bullard has joined Florence-based First Reliance Bank as its Charleston market president. Bullard, who has more than 37 years of banking experience, will be responsible for the strategic market expansion of the bank’s footprint in the Charleston market and will oversee sales management and community development in the area. A First Reliance Bank spokeswoman said […]
S.C. Blockchain Conference plans to go ahead this weekend
A statewide conference about blockchain and how it could impact industry and the economy is set for this weekend at Hotel Indigo Mount Pleasant. The S.C. Blockchain Conference will feature speakers from various industries, such as technology, government and logistics, discussing how companies can prepare for the widespread utilization of blockchain. Blockchain is a ledger […]
S.C. Community Loan Fund receives grant for small business growth
The Wells Fargo Foundation has given a $500,000 grant to the S.C. Community Loan Fund to help small-business owners with lending, technical assistance and community relationship building. The goal is to stimulate local economic growth and jobs. The grant is part of the Wells Fargo Works for Small Business: Diverse Community Capital program. A news […]
Evening Post Industries contributes to SCRA partner fund
Evening Post Industries, the owner of The Post & Courier, has contributed $250,000 to SCRA’s Industry Partnership Fund, which supports entrepreneurs, academia and industry through grants and investments. Individuals and corporations can claim a dollar-for-dollar state tax credit for contributions to the Industry Partnership Fund. The maximum annual contribution is $250,000, and the tax credit […][...]
S.C. Federal to acquire Florence-based credit union
S.C. Federal Credit Union will acquire Florence-based Health Facilities Federal Credit Union. The acquisition comes after a membership vote last month. Maggie Wickey, spokeswoman for S.C. Federal, said Health Facilities will take the North Charleston-based company’s name, and all aspects of the business will come under its umbrella. Terms of the acquisition were not made […]
Good Growth Capital raising 2 new funds
Charleston-based venture capital firm Good Growth Capital is raising two new funds to support early stage companies. Good Growth Capital is focused primarily on software and data science companies, plus medical, green and agricultural technologies. Its first fund, launched in 2017, is tracking at a 37% internal rate of return as of September, the company […]
CresCom to be acquired by W.Va. bank
Carolina Financial Corp., the parent company of CresCom Bank and Atlanta-based Crescent Mortgage Co., has agreed to be acquired by United Bankshares Inc. in a transaction valued at approximately $1.1 billion. CresCom is the second-largest bank headquartered in South Carolina, behind South State Bank. United is based in Charleston, W.Va., and has locations throughout that […]
We have the best city, but we can’t rest on our laurels
After so many years of being rated the No. 1 city in the entire universe, it took us a little work to digest this new-to-us ranking from U.S. News & World Report. The great state of South Carolina is not No. 1, nor No. 2 or even No. 22. The Palmetto State ranks 42nd in […]
