Banking News
ANDERSON BROTHERS BANK Anderson Brothers Bank donated $2500 to American Cancer Society, Dillon County Relay for Life to kick off its 2019 year. BANK OF AMERICA The South Carolina Chamber of Commerce has named Kim Wilkerson of U.S. Trust/Bank of America, their 2018 Business Leader of the Year. COASTAL CAROLINA NATIONAL BANK CCNB and the City of Simpsonville have entered into a three-year agreement to name the City’s outdoor entertainment facility at Heritage Park, “CCNB Amphitheatre.” ENTEGRA BANK SmarkFinancial, Inc., the parent company of SmartBank, and Entegra Financial Corp, the parent company
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W I N T E R 2 0 1 9 • PALMETTO BANKER
of Entegra Bank, jointly announced the signing of a definitive merger agreement. Entegra will combine with SmartFinancial in a strategic merger of equals. FIRST CITIZENS BANK First Citizens Bank & Trust Company and First South Bancorp, Inc. announced the signing of a definitive merger agreement. The agreement provides for the acquisition of Spartanburg-based First South Bancorp by First Citizen Bank, which is headquartered in Raleigh, N.C. The announcement was made jointly by Frank B. Holding, chairman and chief executive officer of First Citizens Bank, and Barry L. Slider, vice chairman, chief executive officer and president of First South Bancorp. UNITED COMMUNITY BANK United Community Bank announced its Upstate branches provided 354 Christmas gifts to local children through its annual Angel Tree program. United partnered with a variety of social service agencies and humanitarian organizations across the Upstate to carry out the initiative.