Palmetto Banker THREE 2023

SOUTH CAROLINA BANKERS ASSOCIATION

Issue Three 2023

2023-2024 SCBA Chairman:

BOYD B. JONES, SYNOVUS

e v a S e th ! e t a D

JANUARY 8-9, 2024 COLUMBIA, SC t

Community bankers conference

Featuring Keynote Speaker

Michelle W. Bowman Governor Federal Reserve

2009 Park Street I PO Box 1483 Columbia, S.C., 29202-1483 803.779.0850 I Fax: 803.779.0890

www.scbankers.org 2023-24 SC BA EXEC U TIV E CO M M ITTE E Chairman................................................................................................... Boyd B. Jones, Synovus Chair-Elect................................................................. Jennifer T. Jones, CBL State Savings Bank First Vice Chairman................................................................... H. Richard Sturm, Ameris Bank Treasurer....................................................................... Samuel R. Small, Jr., First Palmetto Bank Immediate Past Chairman............................. Fleetwood S. Hassell, The Bank of South Carolina 2023-24 SC BA BOARD O F D IR E CTO R S Second Immediate Past Chairman...................................K. Wayne Wicker, South Atlantic Bank President & CEO................................... Fred L. Green III, South Carolina Bankers Association Directors.......................................................................... Marc J. Bogan, Bank of the Lowcountry Stacy B. Brandon, Bank of America Renee R. Brooks, SouthState Bank William O. Buyck, Jr., Bank of Clarendon Allan B. Carter, Kingstree Federal Savings & Loan Michael E. Edens, First Reliance Bank Mary D. Garcia, Pinnacle Financial Partners M. J. Huggins III, United Bank Coleman A. Kirven, The Peoples Bank John M. Leighton, SouthState Bank Benita E. Lefft, Optus Bank Michael M. Sarvis, First National Bank Kevin M. Short, TD Bank, N.A. B. Oneal Staples, Ameris Bank Philip R. Wahl II, Security Federal Bank 2023-24 C OMMUNI TY B A N KE R S D IV IS IO N B OA R D Chairman.......................................................................... Michael E. Edens, First Reliance Bank Immediate Past Chairman.................................Curtis T. Evatt, Oconee Federal Savings & Loan Directors.................................................................................... Kenneth M. Harper, Countybank Will Holmes, First Carolina Bank Jamin M. Hujik, The Southern Bank Joseph S. Kassim, First Capital Bank Coleman A. Kirven, The Peoples Bank Brooks Melton, Beacon Community Bank Dominik Mjartan, Optus Bank R. Scott Plyler, South Atlantic Bank James B. Smith, The Citizens Bank Eugene H. Walpole IV, The Bank of South Carolina 2023-24 BANK ERS SCH O O L B OA R D Chairman.............................................................................. John M. Leighton, SouthState Bank Chairman-Elect...........................................Robert P. Hucks II, Coastal Carolina National Bank Immediate Past Chairman.................................................... J. Reeves Skeen, First Citizens Bank Directors................................................................ Thomas C. Anderson, Jr., First Palmetto Bank Nathan T. Crowe, Security Federal Bank Mary D. Garcia, Pinnacle Financial Partners Kenneth M. Harper, Countybank William R. Johnston, Southern First Bank Joseph A. Painter, First Community Bank Michelle B. Seaver, United Community Bank Allison P. Stout, South Atlantic Bank Charles K. Talbert, Bank of the Lowcountry Course Coordinators......................................................................................... James R. Clarkson John C. Griggs III, Synovus Marvin E. Robinson, Jr., Ameris Bank Ford P. Menefee, The Bank of South Carolina 2023-24 YOUNG BAN KE R S D IV IS IO N B OA R D O F D I R EC T OR S Chairman...................................................................................... B. Oneal Staples, Ameris Bank Chairman-Elect............................................................................ Othniel W. Laffitte, First Bank First Vice Chair..................................................................Margi M. Fleming, The Citizens Bank Immediate Past Chairman.......................................................... Rufus T. Dunlap V, Countybank Directors.........................................................M. Charles Abbott, Jr., Carolina Bank & Trust Co. Eugene A. Gardner IV, TD Bank, N.A. Margaret C. Harken, The Bank of South Carolina Vaughan R. Dozier, Jr., First Community Bank Blake H. Dressler, First Reliance Bank Austin J. Goforth, First Palmetto Bank Lauren D. Greene, First Citizens Bank Mallory Holley, Security Federal Bank Joseph H. Hyman, The Conway National Bank Everette J. Livingston, First Citizens Bank Ashleigh Oxner Malm, Arthur State Bank Jeff T. Manning, SouthState Bank S. Alexis Matthews, The Peoples Bank Albert A. Munn V, South Atlantic Bank W. Clarke Walker, Southern First Bank

Contents 5 7 8 10 15 19 22 24 31 34 36 38

Past Chariman’s Message

ABA Update

2023-24 Chairman: Boyd B. Jones

2023 Annual Convention Recap

In Memory: Lloyd Inman Hendricks

2023-24 Board of Directors

Home Federal Savings & Loan

South Carolina Bankers School

Welcome New Associate Members

Personal Transactions

Banking News

Preferred Vendors At-A-Glance

SC B A St a f f President & CEO................................ Fred L. Green III Chief Operating Officer....................... Richards H. Green Senior Vice President........................... Carolyn L. Bradley Senior Vice President........................... E. Anne Gillespie Senior Vice President & Counsel........ A. O’Neil Rashley, Jr., Esq. Accounting Officer............................... Israel D. Reeves Communications & Engagement........ Diane Krell Administrative Assistant...................... Bonnie E. Nelson The Palmetto Banker is a publication of the South Carolina Bankers Association. The magazine exists to serve its members by communicating news of interest, education and SCBA activities.

Items from members are welcome, however the editor reserves the right to refuse copy. With the exception of official announcements, the SCBA disclaims responsibility for opinions expressed and statements made in articles published in the Palmetto Banker.

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SCBA P as t C h a i r m a n

REFLECTIONS FROM A YEAR OF

Success & Cherished Relationships In the SCBA Chairman’s Report from the 123 rd Annual Convention, our then Chairman, Fleetwood S. Hassell, shared his gratitude for the opportunity to serve and reflected on the success and momentum achieved during his tenure.

Amidst the political advocacy, legislative challenges, and regional events, he highlighted the importance of unity and shared goals within the banking industry.

With a heartfelt appreciation for the relationships forged and the support received, his report served as a tribute to his fulfilling 42-year career in banking.

Fleetwood S. Hassell The Bank of South Carolina

He highlighted successful initiatives such as ensuring proportionate reduction in franchise fees with corporate tax reductions and securing carve-outs for deposit institutions from rate cap bills.

Fleetwood recognized the work of Neil Rashley, Senior Vice President and Counsel, Legislative & Regulatory of the SCBA, and the invaluable relationships built through lobbying and significant PAC contributions. He also acknowledged the critical role SCBA plays in influencing — Hugh C. Lane, Jr. both state and federal policy, “By actively Chairman of the Board engaging in regional meetings, the The Bank of South Carolina Speakers Series, the Legislative Reception, Emphasizing the importance of political and the Washington Summit trip, our advocacy as a key member benefit, Hassell acknowledged bankers have the opportunity to influence and shape the the significant efforts made to prevent unfavorable legislation. policies affecting the industry.”

"Fleetwood was one of our earliest employees, joining us in 1986.

He had many significant positions at the bank before becoming president in 2012 and he has always been an enthusiastic supporter of the SCBA."

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“

Service is not meant to be taken lightly. Service is a privilege and to be the SCBA Chair for the past year has been an extraordinary experience. The people I have met along the way during my time with the Association has been the true dividend of our work.

— Fleetwood S. Hassell VALUING RELATIONSHIPS AND EXPERIENCES Throughout Hassell’s term, meaningful relationships with influential individuals in the banking sector were cultivated.

From an enlightening dinner meeting with Federal Reserve Governor Lisa Cook to engaging in conversations with Acting Comptroller of the Currency Michael Tsu, these interactions provided insights and fostered connections with influential thought leaders.

As Fleetwood approached the end of his tenure, he expressed his profound gratitude to the SCBA staff, board, and fellow bankers for their unwavering support. He also acknowledged the commitment and dedication of his entire team at The Bank of South Carolina, whose support allowed him to contribute to the betterment of the industry. Lastly, he extended heartfelt

thanks to his wife, Elizabeth, for her unwavering love and support, which has been instrumental in his success and the happiness of their family.

Fleetwood remains thankful for a year filled with achievements, valuable relationships, and personal growth. His dedication to the Charleston banking community and banking in South Carolina as a whole, continues to shine through. As his outstanding career came to a close with a retirement celebration in September, his lasting impact on the industry will be remembered and celebrated by all who have had the pleasure of working alongside him. Fleetwood’s final Chairman’s report served as a reminder of the rewarding journey in banking and the collective commitment to the success and growth of the banking industry in South Carolina.

ABA U p d at e

PART NERS I N T H E

Fight Against Elder Abuse

Each year in mid-June, we obser ve World Elder Abuse Awareness Day ( WEAAD)—a day intended to call attention to the pervasive and worsening problem of elder abuse, inc luding financial exploitation. According to a 2022 FinCEN advisor y, elder fraud scams affect at least 10% of older adults in the U.S. annually. But because fraud a n d s c a m s a re o f t e n s i g n i fi c a n t l y underreported, it means that the actual percentage of victims is likely much higher.

Elder financial exploitation generally falls into one of two categories. The first is elder theft, in which a trusted individual like a family member or caregiver, steals from an older person by forging checks, stealing retirement or Social Security benefits, using credit cards or bank accounts without permission, or other means. The second is elder scams—in which a stranger succeeds in coercing an older adult into transferring money to them through tech suppor t scams, romance scams, or other impostor scams.

Seniors are often targeted for their accumulated wealth, and these scams can be financially and mentally devastating to the victims. In fact, the average loss per older adult was just over $35,000 in 2022,

Rob Nichols, President and CEO American Bankers Association nichols@aba.com

according to the FBI’s Internet Crime Complaint Center. In worst cases, seniors may lose their life savings or their homes.

That’s why it’s critical for bankers—who are on the front lines in the fight against elder financial exploitation—to have a solid understanding of the red flags that can signal when an older customer is potentially being exploited. This might look like an older customer making sudden or unusual changes to their account like adding new contacts located overseas, making uncharacteristic attempts to wire large sums of money, or seeming fearful of or submissive to a caregiver or family member.

This year, the ABA Foundation has partnered with the FBI to create a new guide for bankers to help them recognize, respond and report suspected elder financial exploitation to the proper authorities. The guide outlines red flags, provides steps bankers can take if elder abuse is suspected and includes a list of agencies and other partners that can provide additional resources.

The ABA Foundation also offers its p o p u l a r Safe Banking for Seniors program—a free national program that

provides bankers with helpful tools and resources to connect with their local communities to discuss topics like avoiding scams, preventing identify theft, choosing a financial caregiver and more.

Any bank in the country, member or nonmember, can access these free resources by registering at aba.com/Seniors. You can also access a comprehensive list of resources for older Americans at aba.com/OlderAmericans.

F inally, ABA continues to support the fight against fraud more broadly through its award-winning #BanksNeverAskThat campaign. The consumer-facing awareness campaign aimed at educating the public about the types of information banks would never ask them to disclose over the phone or via text or email will be back this fall, complete with updated resources. Check it out at aba.com/BanksNeverAskThat and register to join the more than 2200 banks across the country doing their part to protect their customers.

We o b s e r v e Wo r l d E l d e r A b u s e Awareness Day on June 15—but working to protect seniors from financial exploitation is an ongoing responsibility for all bankers.

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2023-24 SCBA Chairman

Building

Unity Strength and

in the Banking Industry:

A MESSAGE FROM OUR 2023-2024 CHAIRMAN, BOYD B. JONES

In a recent speech delivered by our esteemed Chairman of the Board, his deep-rooted faith, personal journey, and extensive experience in the banking industry shone through.

With a career spanning over several decades, our Chairman emphasized the crucial role that community banks, regional banks, and large corporate banks play in driving economic growth and prosperity. As we navigate through turbulent times, his message of unity and shared mission is a guiding light for the banking industry.

Boyd B. Jones Position: Senior Director Middle Market Banking, Synovus; Series 7 & 66 Registered Agent Age: 63 Hometown: Columbia, SC Education: Bachelor of Science in Marketing, University of South Carolina; South Carolina Bankers School; Graduate School of Banking at LSU Family: Wife: Lisa Daughters: Rebecca B. Givens (Husband, A. Garrett Givens) Mary Louise Lorenzetti (Husband, Joshua D. Lorenzetti) Son: B. Benson Jones, Jr. (Wife: Caroline W. Jones) Grandchildren: Rhett, Edwin, and Rebecca Louise (Parents - Rebecca & Garrett)

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Jones proclaims himself as a man of faith, sharing that Jesus Christ is his Lord and Savior. This spiritual foundation serves as a compass, guiding his values and principles not only in his personal life but also in his role as a leader in the banking sector. This deep-rooted faith instills in him a sense of responsibility and compassion towards the communities we serve.

Jones’ career in banking began in 1980, where he started as a teller at the C&S National Bank of South Carolina during his college years. After completing his studies, he joined the bank full-time and successfully completed their rigorous training program.

It was during this time that he also met his wife, Lisa, who was also a banker. They have been married for 37 years, have 3 adult children, and 3 grandchildren.

F rom C aring and S haring to C orporate S uccess During his early days in the banking industry, Boyd encountered both challenges and triumphs. He fondly recalls the C&S Bank being referred to as the “Cheat and Steal Bank” by competitors. He and his colleagues humorously rebranded it as the “Caring and Sharing Bank,” emphasizing the values they upheld. Today, C&S Bank is part of Bank of America, one of the top five largest banks in the U.S., and those former C&S Bank colleagues are leaders throughout the banking industry — a testament to its enduring success.

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In 1991, Boyd moved to The National Bank of South Carolina and opened the first de novo office in Camden. NBSC was approximately $500 Million in assets, and they had regulatory challenges. NBSC is now part of Synovus; a $60 Billion regional bank.

Presently, Boyd is the South Carolina Director for Middle Market Banking at Synovus.

Boyd stated, “As your chairman, I believe it’s important to know that I have worked in a small community bank, a regional bank and a large corporate bank. I believe the United States needs the community banks, the regional banks and the very large super national banks. We all serve varying markets and geographies. Our current banking system has provided debt capital to rural and urban markets and that helped build the biggest and best economy the world has ever seen.”

T he I mportance of U nit y and a U nited V oice Acknowledging the challenges and turbulent waters the banking industry faces, Jones drew parallels to the financial crises of 2008 and 2009. As the current spotlight is once again on our industry due to recent bank failures, he stressed the need for unity and a united voice. Despite being competitors, Jones emphasized that we are not enemies—the strength and mission of the industry lie in our collective effort and shared vision.

As we move forward, our 2023-2024 Chairman made it clear that ensuring unity within our ranks will be a top priority. By working together and advocating for the banking industry as a whole, we can navigate the challenges ahead and safeguard the economic well-being of our nation. With an ongoing commitment to protect and bolster the banking industry, Boyd firmly believes that the journey towards its success is a continuous process.

As we forge ahead, let us unite, build upon our shared strengths, and embrace the diversity within our industry, keeping in mind that we are not just competitors, but allies in driving progress and prosperity for all.

“

Over the coming year we will work to make sure we are united in our effort.

We will work to have a united voice.

That will be our strength and mission.

— Boyd B. Jones

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A n n ua l Convention

2023

Annual Convention and Tradeshow The 123rd South Carolina Bankers Association Annual Convention, held in the historic city of Charleston, SC, was a resounding success. Over 375 bankers, associate members, family, and friends came together to enjoy the SCBA Annual Convention and Trade Show at The Charleston Place from June 11-14. With a grand opening accompanied by bagpipes, attendees were treated to engaging speakers at the Annual Meeting, as well as a prayer breakfast and a picnic lunch cruise in the picturesque Charleston Harbor. The Trade Show proved to be a valuable platform for bankers and other guests, offering a comprehensive display of products and services from exhibitors.

Save the date for next year’s meeting, which will take place from June 20-23, 2024, at The Greenbrier in White Sulphur Springs, West Virginia.

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I S S U E T H R E E 2 0 2 3 • PALMETTO BANKER

Thank You Sponsors

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A n n ua l Convention

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I S S U E T H R E E 2 0 2 3 • PALMETTO BANKER

2 0 2 3 O U T S TA N D I N G Y O U N G B A N K E R : J. Reeves Skeen, First Citizens Bank, Charleston

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A n n ua l Convention

Half -Century Club

T H E S C B A C O N G R AT U L AT E S T H O S E W H O H AV E S E R V E D 5 0 Y E A R S Rene W. DeMaurice, III Carolina Bank and Trust Company Florence, SC

David L. Morrow United Bank Mt. Pleasant, SC

Thirty Five-Year Club

T H E S C B A C O N G R AT U L AT E S T H O S E W H O H AV E S E R V E D 3 5 Y E A R S Christy H. Blackwell CBL State Savings Bank Greer, SC

James F. Gardner Bank of Clarendon Manning, SC

Christopher L. Lee Bank of Clarendon Manning, SC

H. Richard Sturm Ameris Bank Mt. Pleasant, SC

Angela F. Cooper Kingstree Federal Savings & Loan Kingstree SC

Terrie Haney TD Bank, N.A. Greer, SC

Teressa Nelson TD Bank, N.A. Greer, SC

L. Andrew Westbrook III Countybank Greenville, SC

Linda Hotaling Anderson Brothers Bank Mullins, SC

Phyllis L. Salazar First Community Bank Evans, GA

Doris F. Witherspoon Bank of Greeleyville Greeleyville, SC

Corrina W. Kleemoff First Community Bank Lexington, SC

Brian R. Samson First Community Bank Lexington, SC

Tracy Camden Woodruff Park National Bank Easley, SC

Sharon K. Laney Pickens Savings and Loan Association, F.A. Pickens, SC

Sharon Soukup TD Bank, N.A. Myrtle Beach, SC

Jewell Dillard TD Bank, N.A. Greenville, SC Judy Scott Edwards Park National Bank Hendersonville, NC Brenda Ford TD Bank, N.A. Lexington, SC 14

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In Memoriam

REMEMBERING THOSE WHO ARE NO LONGER WITH US Erica Aiken TD Bank, N.A. Samuel Bohlmann Wells Fargo Richard A. Creech Enterprise Bank of SC David Scott Dahl First Reliance Bank Monica Dixon SouthState Bank Allison Foster SouthState Bank Harvey Hawkins SouthState Bank

Lloyd I. Hendricks South Carolina Bankers Association, Past President and CEO Kevin Jackson Wells Fargo Laura Jefferson First Citizens Bank George Wilson Lindsay III Synovus Nell B. Lominack First Community Bank Thierry P. Longueville Farmers & Merchants Bank of South Carolina Susanne Lyons Enterprise Bank of SC

Tanya Matteson First Citizens Bank

Mary Randolph First Citizens Bank

Frank Miller SouthState Bank

James A. Rogers Anderson Brothers Bank

Brookelyn Mitchell First Citizens Bank

Carol Sledziona SouthState Bank

Michael Pagano TD Bank, N.A.

Monica Sonnenberg SouthState Bank

William L. Pherigo South Carolina Bankers Association, Past Chairman

Connie L. Teal First Community Bank Cara C. Thomas Enterprise Bank of SC

Kelly Quin Wells Fargo Al Randall SouthState Bank

Katherine Washington Wells Fargo Hugh Dave “Tripp” Whitener III First Horizon Bank

Th e S i l v e r L o v i n g C u p “The Silver Loving Cup is to be placed on the speaker’s table at each convention so that those present may be reminded of those who have served, and that a bouquet of white roses shall be maintained in the cup in memory of those who have passed on.”

—E x c e r p t f r o m t h e 1948 SCBA A n n u a l C o n v e n t i o n P r o c ee d i n g s

Honoring the Remarkable Life of Lloyd Inman Hendricks Lloyd Inman Hendricks, a respected banker, attorney, legislator, and civic leader, passed away peacefully on May 11, 2023. Born on March 26, 1942, in Greenville, SC, he dedicated his life to professional excellence and community service.

Lloyd Inman Hendricks

March 26, 1942 – May 11, 2023

After graduating from Dreher High School, he earned a Bachelor’s degree in English from the University of South Carolina in 1964. He then obtained his Juris Doctor degree from USC’s law school in 1968. Lloyd began his banking career at the former First National Bank of South Carolina and later joined Southern Bank, where he became an Executive Vice President and Group Executive.

The South Carolina Bankers Association named him Outstanding Young Banker in 1980.

In addition, Lloyd served as a legislator in the South Carolina House of Representatives, representing Richland County for five terms from 1977 to 1987.

In 1994, Lloyd became the President and CEO of the South Carolina Bankers Association, a position he held until his retirement in 2012. He oversaw the Association’s operations, including legislation monitoring and lobbying. Lloyd’s wealth of

experience, amicable demeanor, and commitment to family and community made him an outstanding leader for the state’s banking industry.

Lloyd’s dedication and service earned him many accolades throughout his career. In 1997, Governor David Beasley awarded him the Order of the Palmetto for his outstanding contributions to South Carolina and the banking industry. The SCDOT commission also honored his legacy by naming the I-20/Two Notch Rd interchange after him.

Aside from his professional achievements, Lloyd held various leadership roles in organizations such as Congaree Land Trust, S.C. Transportation Policy and Research Council, March of Dimes, Easter Seal Society, Boy Scouts, USC Education Foundation, Clemson University, and the Medical University of SC. He was an active member of Eastminster Presbyterian Church and cherished spending time with his family, especially his beloved wife, Susan Hendricks, their children, and grandchildren.

Lloyd Inman Hendricks will be dearly missed by all who had the privilege of knowing him.

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A n n ua l Convention

Past Chairmen

O F T H E S O U T H C A R O L I N A B A N K E R S A S S O C I AT I O N 1901-1902 1902-1903 1903-1904 1904-1905 1905-1906 1906-1907 1908-1909 1909-1910 1910-1911 1911-1912 1912-1913 1913-1914 1914-1915 1915-1916 1916-1917 1917-1918 1918-1919 1919-1920 1920-1921 1921-1922 1922-1923 1923-1924 1924-1925 1925-1926 1926-1927 1927-1928 1928-1929 1929-1930 1930-1931 1931-1932 1932-1933 1933-1934 1934-1935 1935-1936 1936-1937 1937-1938 1938-1939 1939-1940 1940-1941 1941-1942 1942-1943 1943-1944 1944-1945 1945-1946 1946-1947 1947-1948 16

*William A. Law *E.H. Pringle *E.W. Robertson *Benjamin F. Mauldin, Jr. *W.J. Montgomery *W.J. Roddey *T.B. Stackhouse *D.D. McColl *Wilson G. Harvey *John M. Kinard, Jr. *Emslie Nicholson *Bright Williamson *C.J. Shannon, Jr. *John W. Simpson *Ira B. Dunlap *Charles D. Jones *J.S. Wannamaker *A.E. Padgett *W.H. Fraser *E.P. Grice *C.L. Cobb *R.I. Woodside *D.A. Spivey *Harry Calhoun *G.W. Duvall *J.E. Peurifoy *F.F. Beattie *B.W. Crouch *W.L. Glover *A.L.M. Wiggins *A.E. Bird *H.J. Winn *Thomas J. Robertson *B.M. Edwards *Robert Gage *C.C. Padgett *E.P. Vandiver *F.C. Huff *Ernest Patton *F.E. Grier *C.A. Spivey *J.B. Redfearn *F.B. Vincent *John B. Sloan *Donald E. Brown *I.P. McWhite

1948-1949 1949-1950 1950-1951 1951-1952 1952-1953 1953-1954 1954-1955 1955-1956 1956-1957 1957-1958 1958-1959 1959-1960 1960-1961 1961-1962 1962-1963 1963-1964 1964-1965 1965-1966 1966-1967 1967-1968 1968-1969 1969-1970 1970-1971 1971-1972 1972-1973 1973-1974 1974-1975 1975-1976 1976-1977 1977-1978 1978-1979 1979-1980 1980-1981 1981-1982 1982-1983 1983-1984 1984-1985 1985-1986 1986-1987 1987-1988 1988-1989 1989-1990 1990-1991 1991-1992 1992-1993 1993-1994

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*Burnell Sloan *H.M. Arthur *O.S. Burns *J.B. Gambrell *John A. Campbell, Jr. *C.A. Laffitte *Paul R. Jenkins *D.F. Patterson *Hugh C. Lane *Robert G. Clawson *W.W. McEachern *Porter Williams *D. Wellsman Johnson *Arthur H. Parsons *M. Heyward Whetsell *Robert M. Vance *Lewis N. Clark *William P. Baskin *J. Willis Cantey *James D. McNair *H. Phelps Brooks, Jr. *H. Ciremba Amick *W.W. Bruner *R.M. Laffitte *James L. Hoyt *Thomas R. Perrin *John H. Lumpkin *T.C. “Nap” Vandiver *Hugh M. Chapman *Howard Elkins *George L. Grantham *James R. Fowler *T. Luke Benson John G.P. Boatwright *J. Donald Collier *Raymond S. Caughman *James G. Lindley Robert V. Royall, Jr. L. Leon Patterson *R. Thornwell Dunlap, Jr. *Chester A. Duke *Joe A. Padgett W.H. “Bard” Parks Joel A. Smith III Stephen L. Chryst Mack I. Whittle, Jr.

1994-1995 1995-1996 1996-1997 1997-1998 1998-1999 1999-2000 2000-2001 2001-2002 2002-2003 2003-2004 2004-2005 2005-2006 2006-2007 2007-2008 2008-2009 2009-2010 2010-2011 2011-2012 2012-2013 2013-2014 2014-2015 2015-2016 2016-2017 2017-2018 2018-2019 2019-2020 2020-2021 2021-2022 2022-2023

*William L. Pherigo *John W. Dickens Paul W. “Bill” Stringer Mason Y. Garrett Sidney B. Tate Jim B. Apple John C. Troutman Fred L. Green III Michael C. Crapps Stan F. Gibson Michael R. Brenan G. Anderson Douglas Dwight V. Neese F. Justin Strickland *Sterling J.U. Laffitte Charles W. Garnett Teresa W. Knight Sharon W. Bryant F. Richard Redden III R. Arthur Seaver, Jr. H. Blake Gibbons, Jr. David M. Lominack Robert R. Hill Jr. R. Thornwell Dunlap III David L. Morrow Samuel L. Erwin James A. Bennett K. Wayne Wicker Fleetwood S. Hassell

*Deceased

Outstanding Young Banker

AWA R D R E C I P I E N T S

1970 *James R. Fowler, Capital Bank & Trust, Belton 1971 Robert V. Royall The C&S National Bank of SC, Columbia 1972 *Hugh M. Chapman The C&S National Bank of SC, Columbia 1973 *Arthur M. Bjontegard, Jr. South Carolina National Bank, Columbia 1974 John G.P. Boatwright Bankers Trust of South Carolina, Columbia 1975 L. Leon Patterson The Palmetto Bank, Laurens 1976 Paul F. Holcomb, Jr. South Carolina National Bank, Columbia 1977 W. Douglas King First National Bank of SC, Columbia 1978 *Henry S. Laffitte Carolina Commercial Bank, Allendale 1979 Claude E. Surface, Jr. The Bank of Beaufort, Beaufort 1980 *Lloyd I. Hendricks Southern Bank & Trust Company, Columbia 1981 Mason Y. Garrett Carolina National Bank, Easley 1982 J. Harold Chandler The C&S National Bank of SC, Columbia 1983 Joel A. Smith III Bankers Trust of South Carolina, Columbia 1984 Douglas T. Yeates Republic National Bank, Columbia 1985 Stephen L. Chryst The Anchor Bank, Myrtle Beach 1986 R. Charles Eldridge, Jr. South Carolina National Bank, Columbia 1987 G. Anderson Douglas, Jr. Rock Hill National Bank, Rock Hill 1988 Mack I. Whittle, Jr. Carolina First Bank, Greenville 1989 Nancy L. Grden The C&S National Bank of SC, Columbia 1990 William C. Barker South Carolina National Bank, Columbia 1991 John S. Poole NCNB National Bank of SC, Spartanburg 1992 W. Jennings Duncan The Conway National Bank, Conway 1993 *Richard A. Shirley Southern National Bank of SC, Anderson 1994 Fred L. Green III The National Bank of SC, Columbia 1995 *Sterling J.U. Laffitte The Exchange Bank, Estill 1996 R. Thornwell Dunlap III The County Bank, Greenwood 1997 Michael C. Crapps First Community Bank, Lexington

1998 James A. Bennett First Citizens Bank, Columbia 1999 F. Justin Strickland Carolina First Bank, Columbia 2000 Robert R. Hill, Jr. First National Bank, Orangeburg 2001 L. Andrew Westbrook III BB&T of South Carolina, Spartanburg 2002 Peter M. Bristow First Citizens Bank, Columbia 2003 J. Barry Ham The Bank of Clarendon, Manning 2004 W. Gerald Stevens CapitalBank, Greenwood 2005 Samuel L. Erwin Community Bancshares, Inc., Orangeburg 2006 Edward McKelvey, Jr. First Federal, Charleston 2007 Kitty B. Payne First National Bank of the South, Spartanburg 2008 Michael E. Edens The National Bank of S.C., Columbia 2009 R. Scott Plyler South Atlantic Bank, Myrtle Beach 2010 Gray L. Henderson Palmetto State Bank, Hampton 2011 Tyler B. Hudson NBSC, Columbia 2012 J. Holt Chetwood Wells Fargo, Columbia 2013 Glenn D. Buddin, Jr. Blue Ridge Bank, Walhalla 2014 Kevin W. Lindler First Citizens Bank, Columbia 2015 R. Montague Laffitte III SouthState Bank, Columbia 2016 Jennifer T. Jones Citizens Building & Loan, Greer 2017 John C. Griggs III NBSC, a division of Synovus, Columbia 2018 Joseph A. Painter First Community Bank, Columbia 2019 Blake G. Taylor Southern First Bank, Columbia 2020 Vaughan R. Dozier, Jr. First Community Bank, Lexington 2021 Allison B. Cranford TD Bank, N.A., Columbia 2022 Joseph S. Kassim First Capital Bank, Charleston 2023 J. Reeves Skeen First Citizens Bank, Charleston

*Deceased

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A n n ua l Convention

A Special Thank You TO THOSE MEMBERS OF THE 2022-23 S O U T H C A R O L I N A B A N K E R S A S S O C I AT I O N B O A R D O F D I R E C T O R S W H O H AV E COMPLETED THER TERM:

James A. Bennett First Citizens Bank Columbia, SC

J. Reeves Skeen First Citizens Bank Charleston, SC

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Richard D. Burleson Community First Bank Seneca, SC

J. Holt Chetwood First Citizens Bank Columbia, SC

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C. Justin Hawkins Wells Fargo Greenville, SC

Rufus T. Dunlap V Countybank Greenwood, SC

C. Kyle Thomas Blue Ridge Bank Walhalla, SC

2023-2024 BOARD OF DIRECTORS SCBA EXECUTIVE COMMITTEE

Chairman Boyd B. Jones Synovus Columbia, SC

Chair-Elect Jennifer T. Jones CBL State Savings Bank Greer, SC

First Vice-Chair H. Richard Sturm Ameris Bank Mt. Pleasant, SC

Treasurer Samuel R. Small, Jr. First Palmetto Bank Columbia, SC

Immediate Past Chairman Fleetwood S. Hassell The Bank of South Carolina Charleston, SC

SCBA BOARD OF DIRECTORS

2nd Immediate Past Chairman K. Wayne Wicker South Atlantic Bank Myrtle Beach, SC

President & CEO Fred L. Green III South Carolina Bankers Association Columbia, SC

Coastal Group Director Marc J. Bogan Bank of the Lowcountry Mt. Pleasant, SC

Midlands Group Director Philip R. Wahl II Security Federal Bank Aiken, SC

Midlands Group Director Benita E. Lefft Optus Bank Columbia, SC

Upstate Group Director Coleman Kirven The Peoples Bank Anderson, SC

Upstate Group Director Michael M. Sarvis First National Bank Greenville, SC

Coastal Group Director Allan B. Carter Kingstree Federal Savings & Loan Kingstree, SC

Community Bankers Division, Chairman Michael E. Edens First Reliance Bank Columbia, SC

Bankers School, Chairman John M. Leighton SouthState Bank Columbia, SC

Young Bankers Division, Chairman B. Oneal Staples Ameris Bank Lexington, SC

Member-at-Large Stacy B. Brandon Bank of America Greenville, SC

Member-at-Large Renee R. Brooks SouthState Bank Columbia, SC

Member-at-Large William O. Buyck, Jr. Bank of Clarendon Manning, SC

Member-at-Large Mary D. Garcia Pinnacle Financial Partners Mt. Pleasant, SC

Member-at-Large M.J. Huggins III United Bank Charleston, SC

Member-at-Large Kevin M. Short TD Bank, N.A. Greenville, SC

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Don’t forget the SCBA Webinars... another source for your training needs.

Please visit scbankers.org/all-online-training-opportunities to see the myriad of courses and webinars offered and to register!

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PERSPECTIVES

R E G U L AT O RY

Todd Taylor, CFA, CPA Managing Partner

Omar Hinojosa, CFA Managing Partner

B O O T C A M P :

Interest Rate Risk– Preparing for Your Next Exam

The Fed Funds rate currently stands at 5.50%, levels not seen since 2001, and has risen 525 bps since March 2022. The rapid rise in interest rates has led to changing behaviors among depositors, causing many to withdraw funds from institutions in the pursuit of higher interest rates elsewhere. Financial institutions have seen increasing competition for a shrinking supply of deposits forcing them to adapt and react with new deposit pricing strategies. As your institution prepares for the next regulatory exam, a few factors to consider as part of the interest rate risk management process include: • Deposit Betas – Betas are not static, they are dynamic! While it is no surprise that funding costs have been increasing, what may be a surprise is the rate at which they have been increasing. The banking industry as a whole has had a beta of 37% throughout this rising rate cycle (1Q2022 – 2Q2023). However, more recently, the beta from 3Q2022 – 2Q2023 has been 69%. Just as we are seeing now, betas historically accelerate throughout rising rate cycles, which points to the importance of having up-to-date beta assumptions in your interest rate risk model. An updated study will be an important piece of information to have on hand during your next exam.

• Deposit Outflows and Migration – For the first time in over 30 years, the banking industry experienced net deposit outflows in 2022. Through the first two quarters of 2023, outflows intensified, causing many institutions to have to replace these funds with more expensive, higher beta, wholesale funding. On top of this, many institutions have seen depositors migrate funds out of low-cost non-maturity deposits and into higher cost money market and time deposit accounts, adding to the pressure on cost of funds and net interest margin. This dynamic movement of funds is typically not captured in most interest rate risk models, which often assume a static balance sheet. For example, if the beta on an account is 5%, but 20% of those balances left and were replaced by wholesale funding, the impact on cost of funds could be understated. Updating deposit decay studies and performing ‘what-if' scenarios in your interest rate risk model to simulate deposit run-off and migration will be important from a risk management perspective.

• Loan Prepayment Speeds – With the rapid increase in interest rates, prepayment speeds for many loan categories have slowed compared to recent years. This is especially true for fixed rate mortgages, as borrowers have little to no incentive to prepay. Evaluating these assumptions is another way to help improve the accuracy of the model and satisfy examiners that key assumptions are regularly reviewed.

• Non-Parallel Shifts - We did not get into this deeply inverted curve via a parallel move in the curve and we’re not going to get out of it with one either. Simulating alternative yield curve movements, including a further inversion of the yield curve, can help demonstrate to examiners that your institution is actively monitoring more than just the standard parallel shock scenarios.

• Back-Testing – The changes in terms of the rate environment and shifts in the balance sheet experienced in the industry will undoubtedly put models’ forecasts to the test. While variances in some cases can be explained by factors such as changing interest rates and migration of deposit balances, evaluating the back-test can also identify if there are opportunities to fine-tune assumptions and enhance the accuracy of the model.

• Independent Reviews – A review of the institution’s overall methodology of monitoring interest rate risk should be conducted periodically. Some examiners prefer this to be completed every 12 months, some prefer up to 24 months.

This review should include areas such as a review of the IRR/ALM Policy, the proper use of the interest rate risk software, back-testing, ALCO meeting minutes, and assumptions. This can be done internally by individuals independent of the interest rate risk process, or externally, for example, by internal auditors.

HUB’s Take: One word that can summarize this rising rate cycle is “Dynamic!” Everything from deposit betas to deposit balances, to the shifts in the yield curve have changed meaningfully during this cycle. All of this points to the need for evaluating assumptions in the interest rate risk model, which will benefit your institution from both a regulatory perspective and a risk management perspective. Examiners will want to see support for key model assumptions, as well as evaluation of alternate/stressed scenarios. Thorough documentation and preparation in the interest rate risk area will go a long way in helping prepare for your institution’s next exam.

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HOME FEDERAL SAVINGS & LOAN:

People Helping People S I N C E

Nestled in the small South Carolina town of Bamberg lies Home Federal Savings and Loan, a bank that has been catering to the financial needs of its community for over a century. With a unique dedication to personal service and a strong commitment to the local area, this female-run institution has become a pillar of support and opportunity for its customers. Home Federal has fostered a culture of compassion and understanding, making it a trusted partner in the community’s journey towards prosperity.

Established as Home Building and Loan in April 1920, the bank was created to address the need for long-term mortgage financing within the local area. Before its inception, residents had to seek such 22

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financing outside of their community.

Home Federal’s founders recognized this gap and envisioned providing investment, savings, and loan opportunities under one roof. Thus, the institution’s motto, “People Helping People,” was born.

While the financial landscape has evolved over the years, Home Federal remains steadfast in its dedication to serving the community. When you call — a real person answers the phone! Also, Home Federal does not sell its loans and the accompanying servicing responsibilities.

Instead, the bank opts to service its loans internally, ensuring prompt and personalized assistance for their valued customers. Having been on the board of directors since 2011, current Chair Sallye

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Bunch shared that the board members have read handwritten letters from residents in the community who need a loan but have been turned down by other financial institutions when their temporary circumstances are not the best for credit approval. Home Federal works hard to help individuals when they need it most.

This commitment to ongoing relationship building has set Home Federal apart from its competitors.

At Home Federal, customers are not just account numbers, but friends. Lynne Jeffcoat, the Vice President and CFO, has been an integral part of the Home Federal family for almost four decades.

According to Lynne, “We wholeheartedly consider ourselves a tightly knit family—

and given our longstanding roots in Bamberg that span generations, that’s how we treat our customers.” In alignment with this compassionate spirit, Home Federal extends its support to employees and customers facing challenging times, such as battling cancer and coping with exorbitant medical expenses. The bank often provides monetary donations and even suspends fees until the affected individual is fully recovered and back to work.

The mission of Home Federal revolves around upholding the highest standards of honesty, integrity, respect, and professionalism in its relationships with customers, the community, and each other. The bank is dedicated to investing in the growth of its employees through continuous training and education, ensuring they possess the knowledge and expertise needed to provide exceptional service.

Under the leadership of President Terry Lynn Carter, Home Federal boasts an unwavering commitment to supporting women in finance. Starting as an administrative assistant in 1988, Carter has risen through the ranks and now leads the institution with passion and dedication. After 35 years in banking, She still “loves to help young couples be able to buy their first home.” Reflecting their vision, the bank has only six

employees, all of whom are women.

The low turnover rate at Home Federal speaks volumes about the supportive and empowering work environment fostered within the bank. Terry Lynn’s advice to other women in banking is “Just go for it! Work hard and do more than is expected — hard work pays off.”

The Home Federal family realizes the importance of giving back to the community it serves. The bank actively contributes its time, talent, and financial resources to strengthen the local area.

Home Federal has contributed to various causes, including sending children from the Bamberg American Legion Auxiliary to Girls State and Boys State, supporting emergency foster care placement through Be the Bridge, and providing immediate assistance through the Cheese & Cracker Box, for those in need of food or clothing.

Additionally, the bank has partnered with the National Child Safety Council to fund essential safety programs for children. The bank remains dedicated to supporting many other community programs, including Stepping out to Save Mommies, Bamberg County 4H, The Office on Aging Elder Abuse Program, and SC Works Road Trip Community Outreach.

The bank also actively supports local churches and schools. Tiffany Odom, Head Teller, takes an active part in

the Bamberg School District Reading Buddy Program which is a pilot program that just began this year. She volunteers approximately 45 minutes once a week during business hours at the school to help her assigned 3rd grader with reading skills. Tiffany says, “it is very important for me to give back to the high school that I graduated from.” By supporting community initiatives and organizations, Home Federal aims to uplift the community, showing its dedication to making a positive impact beyond just financial services.

While maintaining a commitment to serving the community, Home Federal also places great importance on financial stability and risk management. The bank strives to maximize long-term financial performance while employing prudent and calculated risk management practices.

With its rich history and unwavering commitment to the community, Home Federal Savings & Loan stands as a shining example of an institution that truly understands the needs of its customers. Through personalized service, compassion, and dedication to local servicing, Home Federal continues to make an indelible mark in the lives of individuals and families in the small town it calls home.

(L to R) Front: Lynne Jeffcoat, CFO; Sue Bess; Terry Lynn Carter, CEO; Sallye C. Bunch, Chairman of the Board Back: Tiffany Odom; Raymonda Banks; Amanda Nesbitt

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South Carolina Bankers School

RISE to theTOP 2023 SOUTH CAROLINA BANKERS SCHOOL

The South Carolina Bankers School, held on the campus of Lander University in Greenwood, SC, proved to be a resounding success. With a total of 178 students participating in the intensive week-long program, including 68 first-year students, the School offered a comprehensive curriculum and dynamic professors. From engaging courses to planned activities and social outings, the students not only deepened their understanding of the banking sector but also forged lasting connections with their peers. The School prioritized the importance of networking in today’s competitive environment, providing ample opportunities for bankers to build relationships outside the classroom. By attending the SCBS, these aspiring professionals gained both knowledge and invaluable connections, setting them on a path towards stellar careers and lifelong friendships.

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One of the notable strengths of the School lies within its esteemed faculty, comprising accomplished professionals from the banking, professional, and academic spheres. These instructors brought their expertise to a range of courses, including Economics/Money and Banking, Understanding CAMELS Ratings/Working with Regulators, Leadership, Effective Negotiations, Bank Investments, and the pinnacle of the School’s curriculum, BankExec. BankExec affords participants the opportunity to virtually manage a mid-sized commercial bank, fostering healthy competition among third-year students organized into teams. Through exercises in asset/liability management, capital planning, gap analysis, accounting and taxes, marketing and resource allocation, forecasting and planning, economics, and pricing of bank services, students gain insight into the repercussions of management decisions on the balance sheet and income statement through realistic “what-if” scenarios.

BankExec offers a comprehensive understanding of the bank by encouraging teamwork in running a virtual bank amidst ever-evolving economic and regulatory landscapes, evaluating pricing and funding decisions’ effects on key indicators such as net interest margin and stock price, comprehending the influence of balance sheet structure on profitability, including net interest margin and stock price, and recognizing how decisions made in one area of the bank impact others.

The Thursday evening ceremony marked the graduation of 44 accomplished individuals who received their well-deserved diplomas. Esteemed CEOs and bank management teams were in attendance to offer their support and celebrate the successful achievements of these graduates.

Additionally, the evening included a special recognition for the recipient of the prestigious Lillie H. Magalis Memorial Award. This annual award is presented to the graduate who attained the highest cumulative average throughout their three years at the South Carolina Bankers School. We proudly announce Holly Ann Albano of nCino as the 2023 recipient, boasting an exceptional GPA of 98.2, pictured left with 2023 Chairman J. Reeves Skeen.

C O N G R AT U L AT I O N S T O T H E W I N N I N G B A N K E X E C T E A M S :

COMMUNITY A: “Bank A3”

COMMUNITY B: “Bank B2”

Ryan Jones, SouthState Bank Lea Pinckney, United Community Bank Ben Fordham, First Citizens Bank Angela Klosterman, First Citizens Bank Caleb Shelley, Anderson Brothers Bank

Rand Waller, Conway National Bank Charlie Edwards, Bank of Travelers Rest Holly Albano, nCino Stephanie Rodriguez, SouthState Bank Robert Bennett, AgFirst Farm Credit Bank

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South Carolina Bankers School

Photo Recap

2023 SC BANKERS SCHOOL

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South Carolina Bankers School

Photo Recap

2023 SC BANKERS SCHOOL

Do you want to reach target decision makers within South Carolina’s financial services community?

SCBA has magazine advertising opportunities for you!

150,000+

PAGE VIEWS PER MONTH

5,800+ READERS

SCBANKERS.ORG For information please contact Diane Krell, dkrell@scbankers.org 28

I S S U E T H R E E 2 0 2 3 • PALMETTO BANKER

1100+

MEMBER BANK BRANCHES

Last year, BDC assisted in funding

$100 Million

As your bank’s lending partner for more than 65 years, BDC is the only one-stop community bank outsource partner for SBA loan products and SSBCI participation loans in South Carolina.

In fact, we are proud to say that our lending partnerships with commercial banks throughout the state led us to fund more than $100 million in small business projects during the past year.

To learn more about how your bank can benefit using SBA and SSBCI loan products, contact one of our lenders today.

Peter Shand President & CEO PShand@BDCofSC.org 803.744.0305

Rob Evans Senior Vice President SBA and SSBCI Lending Officer REvans@BDCofSC.org 803.744.0308

Nat Green Senior Vice President SSBCI Lending Officer NGreen@BDCofSC.org 803.744.0309

Michael Reis Senior Vice President SBA and SSBCI Lending Officer MReis@BDCofSC.org 803.744.0312

A Leader in Small Business Lending

BDCofSC.org I S S U E T H R E E 2 0 2 3 • PALMETTO BANKER

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Data-Driven Strategy for Today’s Banker With increasing competition for deposits and market volatility, banks and thrifts are looking for ways to better analyze branch footprints and untapped markets. In addition to the most recent release of Summary of Deposit data by the FDIC, our tools allow for a quick, yet comprehensive analysis of vital competitor data.

– Deposit Market Share — National and Regional level – Branch Map – Branch Market Overlap Analysis Application – Pre-built Excel Templates for Branch Market Analysis – U.S. Bank Branch Data Feeds spglobal.com/SCBA-Summary-of-Deposits

New Members

Welcome

We are fortunate to have an active and engaged roster of Associate members and proudly welcome these new members:

DCI 20 West 2nd Avenue Hutchinson, KS 67501 (620) 694-6800 www.datacenterinc.com Jesse Tosten 20 West 2nd Avenue Hutchinson, KS 67501 (620) 694-6800 jtosten@datacenterinc.com

First Bankers’ Banc Securities, Inc 6800 College Blvd., Suite 420 Overland Park, KS 66211 (866) 530-2846 www.fbbsinc.com Mr. Jim Lewis 6800 College Blvd., Suite 420 Overland Park, KS 66211 (866) 530-2846 jlewis@FBBSinc.com

DCI is the developer of the award-winning iCore360® core banking software, plus iCoreGO® digital banking and fintech processing solutions for community financial institutions nationwide, including those using other core platforms. DCI is privately owned by a group of bank clients, with several serving as board members and user group leaders. DCI also provides private ATM network/card management, Frontline™ teller software, custom analysis, risk/vendor management, and more.

FBBS is a full-service broker dealer with a specialization in the fixed income marketplace. FBBS actively trades and position securities, deploying capital to best fit client needs. FBBS employees possess decades of experience that allow them to identify and interpret market conditions to anticipate the potential impact on the investment portfolio. FBBS is owned by several Bankers’ Banks and that drives the services they offer. A few services provided by FBBS are investment portfolio accounting, asset liability/interest rate risk management reporting, portfolio and swap analytics, municipal underwriting, municipal and corporate credit reviews and CECL reporting—to name a few. Ownership and experience in the community banking space provides value to those institutions that FBBS serves.

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New Members

McMillan PLLC 123 E 27th Street, Suite 101 Charlotte, NC 28206 (980) 585-1260 www.mcmillanpllc.com Mr. Shawn A. McMillan Managing Attorney 123 E 27th Street, Suite 101 Charlotte, NC 28206 (980) 585-1260 shawn@mcmillanpllc.com

ModernFi 135 W. 50th St., Suite 200 New York, NY 10020 (703) 474-2809 www.modernfi.com Mr. Joe Daniel Head of Bank Partnerships 135 W. 50th St., Suite 200 New York, NY 10020 (703) 474-2809 jdaniel@modernfi.com

Netchex 1155 Hwy 190 E. Service Rd. #2 Covington, LA 70433 (985) 220-1410 www.netchex.com Alec Duncan Director of Industry Partnerships 1155 Hwy 190 E. Service Rd. #2 Covington, LA 70433 aduncan@netchexonline.com (985) 789-7410

McMillan PLLC is an innovative law firm focusing on financial services, business law, and commercial real estate law. Attorneys are licensed in South Carolina, North Carolina, Georgia and Tennessee and serve clients from the firm’s Charleston and Charlotte offices.

McMillan represents institutional and private lenders in connection with all types of commercial loan transactions. Founder, Shawn McMillan, began his legal career over 20 years ago at America’s oldest Wall Street firm, working with financial institutions around the world. As a result, McMillan’s focus is on providing legendary service and expert guidance to its clients.

ModernFi operates a deposit network that offers extended FDIC insurance to depositors while allowing banks to reciprocate deposits, sweep deposits off balance sheet, and receive funding as needed to grow, retain, and manage their deposit base. Unlike alternatives, we run on a modern tech stack and fully integrate with your digital banking and core providers to streamline account onboarding and operations for the bank and your depositors. Built on the guiding principle of customer first, we welcome the opportunity to become a committed partner in helping you achieve your deposit objectives while reducing friction for the bank operationally and for the customers you serve; while lowering your cost, boosting profitability, and offering greater transparency and alignment within the industry.

Netchex offers businesses a comprehensive, web-based suite of payroll, human resource and benefit administrative services backed by dedicated support specialists. Regardless of the number of employees or your payroll complexity, Netchex can tailor solutions to fit your needs. This rare combination of comprehensive solutions, dedicated support and flexible offerings helps you easily manage employee information and simplify your entire payroll process.

With all of the evolving financial industry changes, we are thankful for business alliances that meet our members’ needs. The SCBA is dedicated to supporting and promoting cuttingedge industry providers to our member banks.

For more information about Associate Membership, please contact SCBA Senior Vice President, Carolyn Laffitte Bradley by email at carolynbradley@scbankers.org T O V I E W O U R A S S O C I AT E M E M B E R S H I P D I R E C T O R Y S C A N Q R C O D E .

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Always Your Partner.

Never Your Competition.

FNBB is your trusted correspondent banking partner. With FNBB, you gain access to a financially stable provider and the assurance that we will never be your competition.

Charlie Brinkley

Rose Washofsky

Jeff Sands

Wes Caudell

Regional Market President

Relationship Manager

Correspondent Lending Officer

Investments Sales Representative

cbrinkley@bankers-bank.com

rwashofsky@bankers-bank.com

jsands@bankers-bank.com

wcaudell@bankers-bank.com

Lending Services Operations Services Capital Markets Services Bank Formation Services FNBB Services Corp. Services FNBB Capital Markets, LLC Services FNBB Insurance Agency, LLC Services

800.275.4222 To learn more, scan the QR code and visit our website.

Service Beyond Comparison FNBB Capital Markets, LLC services are offered through an affiliate FINRA broker dealer.

FNBB Services Corp. is not a CPA firm and does not engage in the practice of public accounting.

Insurance products are not insured by any Federal government agency. Not a deposit. Not FDIC insured and not guaranteed by this bank.

MEMBER FDIC

Personal T r a n sac t i o n s

Marshall Baker

Michaela Collins

Oneal Staples

Ashleigh Hammond

Kyle Thomas

Marshall Baker has been promoted from underwriter to business banking portfolio manager in Columbia.

Terrie Bolon has joined the bank as an underwriter in Columbia.

Oneal Staples has been promoted to Lexington County market president.

ANDERSON BROTHERS BANK Rivers Anderson has been appointed senior vice president and chief credit officer.

William “Bill” Basler has joined as branch operations coordinator of the Summerville office at 2139 North Main Street.

Richard Carroll has been appointed senior vice president. He is the regional executive for western Horry and Sumter Counties.

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Leigh Ann Harriott

Mark Branstrom

AMERIS BANK

Rivers Anderson

William Basler

Bryan Lenertz

Scott Branstrom

Ashleigh Anderson Hammond has been been appointed to the bank’s Board of Directors.

Leigh Ann Harriott has been promoted to branch operations coordinator of the Florence office at 2985 South Cashua Drive.

Bryan Lenertz has been appointed senior vice president. He is the regional executive for the Grand Strand, Georgetown, and Florence Counties.

Shonna Wright has been promoted to consumer compliance risk assistant in the Murrells Inlet office.

BLUE RIDGE BANK Jo Nelson has joined as vice president – branch manager and loan officer at the Bountyland office in Seneca.

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Shonna Wright

Chris Jackson

Michaela Collins has been promoted to business services associate in the bank’s Retail Sales and Services department.

Richard Carroll

Jo Nelson

David Tompkins

C. Kyle Thomas, Blue Ridge Bank President and CEO has been selected to serve a three-year term as a member of the Federal Reserve Bank of Richmond Community Depository Institutions Advisory Council.

COASTAL CAROLINA NATIONAL BANK Mark Branstrom has joined CCNB Mortgage as vice president, senior mortgage loan officer.

Scott Branstrom has joined CCNB Mortgage as vice president, mortgage loan officer.

COUNTYBANK Chris Jackson has joined as small business administration (SBA) division manager.

David Tompkins has been promoted to senior vice president, commercial banking manager.

Andy Westbrook

HOMETRUST BANK Lora Jex was appointed executive vice president and chief risk officer.

PALMETTO STATE BANK Andy Westbrook has joined the bank as senior executive vice president and chief operating officer.

Kristi Hood

Manny Jimenez

Jacob Wright

PINNACLE FINANCIAL PARTNERS

Art Seaver Jr.

SOUTHERN FIRST BANK

Kristi Hood has joined as a mortgage advisor in Mt. Pleasant.

Manny Jimenez, RICP®, CRPC®, CRC®, AIF® will serve as a managing director for Pinnacle Asset Management in Mt. Pleasant.

R. Arthur “Art” Seaver Jr., founder and chief executive officer of Southern First Bank and its holding company, Southern First Bancshares, has joined the Board of Directors of Business Development Corporation (BDC).

Jacob Wright, Certified Financial Planner,® will serve as as a financial consultant for Pinnacle Asset Management in Mt. Pleasant.

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Banking News

ANDERSON BROTHERS BANK

COUNTYBANK

Anderson Brothers Bank met with the Mayor of Lake View, Sterling Lee, and Revitalization Committee member Brittany Melvin to present a donation of $2500 to the town’s upcoming ‘Paint the Town’ project that started in September, with most of the work done by property owners, community volunteers, and students needing community service hours for college scholarship applications. “We are hoping this project will draw the community together to help paint our downtown and revitalize the buildings for new businesses coming to town,” said Brittany.

Countybank and Greenwood Capital presented a check for $1,000 to Cornerstone on behalf of the Countybank Foundation. “Cornerstone does so much to help members of our community who face alcohol and drug abuse,” said David Tompkins, Greenwood Market Executive for Countybank, “and we are honored to financially support the development of their new contingency management program.”

“Thank you for letting us help with this project. It’s a great project for the town,” said Johnny Floyd, VP Marion/Dillon County Regional Executive for Anderson Brothers Bank.

“We like giving back to the community and county where we do business, and we think that’s important.”

Other recent donations were $5,000 to the Carolina Football Club to cover 10 partial scholarships for players and their families who can’t afford team fees and $5,000 to Greenwood Area Habitat for Humanity.

FIRST CITIZENS BANK First Citizens Bank continues to support Midlands Technical College’s QuickJobs program with a $50,000 donation for the second year in a row. There are currently more than 20 QuickJobs programs in the areas of business, advanced manufacturing, and healthcare that are eligible for scholarships. “The MTC Foundation is extremely thankful for First Citizens’ commitment to growing the workforce in the Midlands,” said MTC Foundation CEO Nancy McKinney.

“We appreciate their continued investment in MTC.”

The 14 branches of Anderson Brothers Bank in Horry County, Florence, and Georgetown joined together to raise funds for Make-A-Wish South Carolina. Their mission is simple and clear. With the generous support from community partners, Make-A-Wish South Carolina creates life-changing wishes for children with critical illnesses.

From September 18 through October 18, Anderson Brothers Bank gave members the opportunity to conveniently donate to Make-A-Wish during the month-long giving campaign. With the average cost of a wish in South Carolina being $7,500, Anderson Brothers Bank is hoping the Grand Strand community will come together for this initiative and help raise funds to grant multiple wishes for local children battling a critical illness.

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“As part of our Forever First promise, we believe it’s important to give back to the communities we serve.

We’re pleased that the QuickJobs program is providing intensive, efficient and complete job instruction, in a shortened timeframe, so participants can promptly take advantage of high-demand opportunities when they become available,” said James Bennett, Mid-South Area Executive at First Citizens Bank.

FIRST COMMUNITY BANK First Community Bank Chief Executive Officer Mike Crapps was awarded the Mike Till Impact Award at The Lexington Chamber and Visitors Center annual luncheon held in August. “Mike Crapps is a cherished leader in the Lexington business community,” said Angelle LaBorde, President and CEO of the Lexington Chamber and Visitors Center. “Through his active involvement in community organizations and dedication to the betterment of others, he exemplifies the very essence of the Mike Till Impact Award­−friendliness, perseverance and dedication to the Lexington community.”

OCONEE FEDERAL

TD BANK

Oconee Federal Financial Corp.,the holding company for Oconee Federal Savings and Loan Association, and the majority-owned subsidiary of Oconee Federal, MHC, and Mutual Savings Bank, a federally-chartered mutual savings bank, announced the execution of an agreement pursuant to which Mutual will merge with and into Oconee Federal with Oconee Federal as the surviving entity. The merger is expected to increase the company’s consolidated assets from $588 million at March 31, 2023 to $633 million based on Mutual’s assets as of March 31, 2023. Curtis Evatt, President and Chief Executive Officer of Oconee Federal, stated “We are pleased to announce our partnership with Mutual Savings Bank. We are very familiar with Mutual, its conservative approach to banking and its deep roots in the communities it serves. We are very excited about the future of our combined company.”

TD Bank Group announced a $250,000 grant for the Emanuel Nine Memorial, to support the creation of a permanent memorial, expected to open in late 2024, honoring the nine clergy and church members murdered at the Mother Emanuel A.M.E. Church in Charleston, in 2015 – a tragic event, steeped in anti-black racism and hate. TD’s donation will support the construction of the memorial, along with the activation of social justice outreach programs that will focus on education, reconciliation and advocacy for the victims’ families. This grant is closely aligned with the TD Ready Commitment, TD’s corporate citizenship platform, which focuses on empowering and connecting communities and driving inclusion. To do that, TD works closely with organizations focused on building meaningful connections in their local community.

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We've got you covered!

CREDIT CARD PROCESSING

Nick Brown Senior Vice President Market Leader 864.680.0879 Nbrown@banccard.com www.banccard.com

FINANCIAL SERVICES

EMPLOYMENT ADVERTISING

BANK OWNED LIFE INSURANCE

Maddison Augustine Director 217.789.9340 info@banktalenthq.com www.banktalenthq.com

Glenn Blackwood Managing Consultant 561.798.5620 glenn.blackwood@nfp.com executivebenefits.nfp.com

HUMAN CAPITAL MANAGEMENT

Christopher Tanis, CPA National Accounts & Strategic Partnerships 908.698.0404 Christopher.Tanis@CBIZ.com Sherry Burick SC District Manager 336.462.7838 Sherry.Burick@CBIZ.com www.cbiz.com

Danny Capitel Managing Director 866.776.6426 ext. 3476 dcapitel@intrafi.com www.IntraFi.com

VENDOR CONTRACT & STRATEGIC ADVISORY SERVICES

Dana Davis Senior Vice President 704.906.0440 ddavis@srmcorp.com www.srmcorp.com

NON-PROFIT EDUCATION LENDER

Ray Jones Vice President of Loan Programs 803.612.5062 rjones@scstudentloan.org www.scstudentloan.org

OFFICE SUPPLIES

Kimberly Gilbert Account Manager 855.337.6811 x.12815 Kimberly.Gilbert@odpbusiness.com odpbusiness.com

RETAIL CHECKING SERVICES PROVIDER

Adam Thompson Director of Sales 615.519.7907 adam.thompson@strategycorps.com www.strategycorps.com

DATA & ANALYTICAL TOOLS

TITLING & REGISTRATION SERVICES

Todd Phillips Director of Sales 803.808.4937 todd.phillips@dditechnology.com www.dditechnology.com

Ryan Chakalos Relationship Manager, Sales Strategy and Financial Partnerships 434.529.2870 Ryan.Chakalos@spglobal.com spglobal.com/marketintelligence

INSURANCE SERVICES

Luis Lima Account Executive 704.544.3704 LLima@travelers.com www.travelers.com/business-insurance

PAYMENT SOLUTIONS FINANCIAL SERVICES INSURANCE & FINANCIAL SERVICES

Mac Humphries Senior Vice President 803.227.4827 mac.humphries@hubinternational.com www.hubinternational.com

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Tim Finney Senior Vice President Correspondent Sales Manager 478.952.6497 tfinney@servisfirstbank.com www.servisfirstbank.com

I S S U E T H R E E 2 0 2 3 • PALMETTO BANKER

Janine E. Ciranni Account Executive III 704.526.7910 Janine.Ciranni@vericast.com www.Vericast.com

S a ve the Date!

Y O U N G

B A N K E R S

D I V I S I O N

2024 Annual Conference MARCH 8-10, 2024 T H E O M N I G R O V E PA R K I N N ASHEVILLE, NC

2009 Park Street • PO Box 1483 Columbia, SC 29202-1483

S O U T H

C A R O L I N A

B A N K E R S

A S S O C I A T I O N

2024 Annual Convention and Trade SHow JUNE 20-23, 2024 THE GREENBRIER WHITE SULPHUR SPRINGS, WV