Palmetto Banker Spring 2016

PALMETTO BANKER Spring Issue 2016-2

South Carolina Bankers Association

S.C. Bankers Travel to Washington, Make Voice Heard in Nation’s Capital Bruce White Keeps Bank of Travelers Rest Healthy, Vibrant Recalling B.F. Mauldin: the Johnny Appleseed of S.C. Banking

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Contents 2009 Park Street, Post Office Box 1483 Columbia, S.C., 29202-1483 Phone: 803.779.0850; Fax: 803.779.0890 Web: www.scbankers.org Chairman David M. Lominack TD Bank, N.A., Greenville Chairman-Elect Robert R. Hill, Jr. South State Bank, Columbia Treasurer David L. Morrow CresCom Bank, Charleston

New Senate Majority Leader Shane Massey, Page 11

Windley Promoted to CEO at South State Bank, Page 20

President’s Message

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Feature: White, Bank of Travelers Rest Keep Going

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2016 SCBA Annual Conference Set for June 12-15

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Cover Story: D.C. Trip a Success – Once Again

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200 A end Young Bankers Conference in N.C.

TRID, Asset Liability Sessions Scheduled

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The Johnny Appleseed of S.C. Banking

Bankers Careers 101 Draws from Across S.C.

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SCBA Welcomes New Preferred Vendor

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Execu ve News

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Bank News

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Personal Transac ons

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The Palme o Banker is a publica on of the South Carolina Bankers Associa on. The magazine exists to serve its members by communica ng news of interest, educa on and SCBA ac vi es.

New Associate Members

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Good Samaritans

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Items from members are welcome, however the editor reserves the right to refuse copy. With the excep on of official announcements, the SCBA disclaims responsibility for opinions expressed and statements made in ar cles published in the Palme o Banker.

Calendar

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Immediate Past Chairman H. Blake Gibbons, Jr. The Ci zens Bank, Olanta SCBA Staff President and CEO Fred L. Green, III Execu ve Vice President, CFO/BankPAC Treasurer Donna S. Taylor Senior Vice President, Conven ons/Conferences E. Anne Gillespie Senior Vice President, SCBA Services, Inc./ South Carolina Bankers School Carolyn E. Laffi e Senior Vice President & Counsel, Legisla ve & Regulatory A. O’Neil “Neil” Rashley, Jr., Esq. Director, Adver sing & IT M. Caroline Sheorn Administra ve Assistant Bonnie E. Nelson Director, Marke ng and Communica ons; Editor, Palme o Banker R. Kevin Dietrich

Cover: David Lominack, SCBA Chairman and TD Bank’s S.C. market president, shakes hands with Sen. Tim ScoƩ in Washington, D.C. Photo by E. Anne Gillespie.

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President’s Message

Washington Trip Stresses Importance of Advocacy

T

he chilly weather of early spring is all but over, and with it another trip to Washington, D.C., is complete.

Some 30 South Carolina bankers made the trek north to visit with elected officials and help ensure that our industry’s voice was heard above the din of compe ng interests in our na on’s capital.

Among key aspects of the Washington trip: • The SCBA con ngent visited the offices of all nine members of South Carolina’s Congressional delegaon, enjoying substan ve discussions regarding our industry and its future; • Several members of our group attended an Emerging Leaders Forum put on by the Green American Bankers Associa on, including Michael Edens of Southern First Bank, who was selected to take part in a panel discussion. Some of the South Carolina group also a ended the Women’s Leadership Forum, also hosted by the ABA; and • Through the efforts of the SCBA and our bankers, we were able to get five of seven South Carolina House members to support the Tailor Act by signing the TiptonSco Tailored Regula on le er.

Tipton-Sco expresses the banking industry’s concern over the crushing impact that ever-expanding regulatory burdens are having on the ability of financial ins tu ons, par cularly community banks, to serve the na on’s economic needs.

The Tailor Act would require regulators to consider factors like asset size, business model and risk profile when developing bank regula ons. The com-

bined weight of these new regula ons is inhibi ng community lending ins tu ons’ ability to serve the economic needs of individuals, businesses and local communi es that are crucial to the well-being of our country.

Opinions differ on the necessity of various regula ons, but there is no ques on that they should be tailored to be the right fit for the ins tu ons involved.

It is crucial that rules reflect differences, including whether ins tu ons have the resources available to comply with regula ons. A one-size-fits-all approach to regula on is a recipe for unnecessary burdens, grief and frustra on, both for bankers and, ul mately, those they serve.

Unfortunately, it is apparent from the current regulatory environment that a “best prac ce” for some is applied to all ins tu ons regardless of size. The impact of such a policy on banks of different sizes – whether they be community, mid-size, regional or super-regional – is ul mately consolida on or failure.

To drive home the importance of this le er, we followed up with all seven members of our House delega on in Washington. Of more than 100 U.S. representa ves who affixed their signatures to the correspondence, five were from South Carolina, with only the names of Trey Gowdy and Jim Clyburn absent.

Being able to secure the names of five of seven House members from our state is a success by any standard, and it is tangible proof of both how vested our delega on is in the success of banking in our state and the strong rela onship we enjoy with our delega on.

The le er is also an example of how we as bankers can take advantage of opportuni es to make our voices heard when occasions such as the above present themselves.

Whether it’s during a trip to the naon’s capital or back in our hometowns, each and every one of us needs to speak up and let our elected officials know not only about ma ers that impact banking, but that we’re keeping

watch on how they are vo ng.

Rest assured, those that oppose us are taking every opportunity to do the same. In today’s world of the 24-hour news cycle, with its constant barrage of informa on from innumerable sources, being out of sight is the same as being out of mind.

Simply put, it’s not enough to visit Washington; we have to make our presence felt when we’re there, and we have to make me to visit with our representa ves and senators when they’re back home, as well.

Finally, to help ensure that the SCBA con nues to have a strong presence in Washington, Chairman David Lominack

It would be ideal if we operated in an environment where what we did wasn’t influenced by poli cs, but that’s not the world we live in. announced at the Young Bankers Conference in mid-March that the Associaon will be offering four scholarships to young bankers to a end next year’s trip.

These scholarships will cover about 50 percent of the cost of each visit.

The SCBA understands that each scholarship is essen al to helping expose more emerging leaders to how things are done in our na on’s capital.

It would be ideal if we operated in an environment where what we did wasn’t drama cally influenced by poli cs, but that’s not the world we live in.

The more bankers who see and understand the many factors that shape our industry, including poli cs, the more adept our industry will be at handling the challenges that come our way.

That’s good news for both us and our customers.

(Fred Green is the president and chief execu ve officer of the South Carolina Bankers Associa on.)

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Feature

White, Bank of TR Show No Signs of Slowing Down Kevin Dietrich Palme o Banker Editor

B

ruce White remembers just how small the Bank of Travelers Rest was when he came aboard full me in 1971.

The Greenville County ins tu on had just two offices, eight employees and about $4 million in assets.

“I believe at that me there were about 73 banks headquartered in South Carolina and we were ranked No. 72 overall,” recalled White, who, with his father John, have served as chief execu ve officer of the bank for 68 of the 70 years the ins tu on has been in existence.

Things are a bit different today: the Bank of Travelers Rest recently opened its 10th office, has 145 full- me employees and slightly more than $600 million in assets. It is the oldest bank to be chartered and s ll headquartered in Greenville County.

“We’ve stuck with a conserva ve approach over the years and it’s served us well,” White said. “It goes back to our founding and is a natural outgrowth of our original board. They were all local businessmen and conserva ve by nature.”

The Bank of Travelers Rest traces its history to March 1946, when nine men, including John White, got together and opened the ins tu on in the old Farmers Bank of Travelers Rest building.

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‘Bruce believes in trea ng people fairly and trea ng them right. He’s a very fair person, as fair as anyone I’ve been around.’

–Tom BriƩ President Bank of Travelers Rest Travelers Rest had been without a bank of its own since the Farmers Bank had failed in 1932, during the Great Depression.

“My father and eight others formed the original board of directors,” White said. “They came up with $25,000 in capital between them to get the bank up and running.”

Prior to the bank’s opening in March 1946, Travelers Rest residents had to travel to Greenville to do their banking.

It wasn’t a terribly long distance, but it wasn’t the same as having a hometown bank.

“The original office was located on Main Street in Travelers Rest, next to the Feed and Seed,” White said.

“There’s an old photograph of the bank, and in it you can see a sign in the lot next door that says ‘Pigs for Sale.’”

Growth came slowly in the early

decades as the bank concentrated on serving Travelers Rest.

Expansion didn’t begin un l the early 1980s, driven by the declining health of the ins tu on’s home base.

Travelers Rest, once a big manufacturing and tex les locale, saw many of its industries close or move elsewhere.

White recognized that the bank would have to begin moving into other markets if it was to retain a healthy balance sheet.

“We didn’t have a lot of choice but to look at growing beyond Travelers Rest.

The tex le industry was going south and there wasn’t a lot of retail,” he said. “Interes ngly, the retail aspect has begun to change as business has started to return to Travelers Rest.”

Industry or Banking White’s father served as CEO from 1946 un l 1976. Bruce White took over as CEO in 1978. While seemingly desned for a career with numbers – White worked at the bank during summers beginning in high school – he didn’t study finance when he a ended Clemson.

That’s because the school didn’t offer it as an area of study at that me.

“I majored in industrial management at Clemson,” he said. “Back then, industrial management was probably the closest thing Clemson had to a business degree.”

When White graduated, he got two job offers: One to manage third shi at

to White’s business acuMilliken and the other to men and his approach to work at the bank. working with people.

“You can figure out “Bruce is one of the which one I decided to best businesspeople take,” he said.

I’ve ever been associDespite not being ated with,” Bri said. able to pursue a typical “He’s very thorough and finance degree, Clemson he really thinks things offered White courses in through. accoun ng and econom“Bruce believes in treatics that proved exing people fairly and tremely beneficial for his trea ng them right,” he career in banking. There added. “He’s a very fair was also a great deal of person, as fair as anyone on-the-job training that I’ve been around. He had begun while workcares about his customing at the bank during ers and employees very summers in high school and college and would Bank of Travelers Rest CEO Bruce White, inside the ins tu on’s main office deeply. He is a banking icon in Greenville, there con nue a er joining on Plaza Drive in Travelers Rest. Photos by Zach Sykes. is no doubt about it. He the ins tu on full me.

Although the bank today has the latest ers Rest has seen its share of recessions has done it all.” and economic hard mes, but nothing Among the bank’s 145 full me employin technology, White can remember like what happened during the 2007ees are three of White’s six children: when it did things very differently.

2010 downturn, according to White.

Betsy, Kelley and Robert.

“When I began, we would open at 9 “During that recession we saw all Earlier this year, White handed the a.m. and take transac ons un l 1 p.m.; our customers aff ected,” White said. president’s du es over to Bri , a 25then we would close for lunch. A er“If there was a safe haven out there, I year Bank of Travelers Rest veteran. ward we would spend the rest of the didn’t see it,” he said. “It was as broadIn addi on, earlier this year Eddie day balancing the books,” White said. based and as long-lived a downturn as Fewell, whom White also relies on “Our tellers would become bookkeepany I’ve seen. It was a learning experiheavily, was promoted to execu ve vice ers.” ence, to be certain. president.

Among the tools of the trade four “In terms of our capital levels, our “We have a very experienced senior decades ago were manual pos ng mareserve levels, what we thought was management team, which allows me chines which produced data cards that adequate in the past we found might to sleep very well at night,” White said. would be cut in half. One half would be mailed to customers and one half would not have been,” he added. “Now we err “That experience ensures con nuity on the side of cau on. I think we’re a for our customer base. We’ve not only be kept for bank records. be er bank now.” served parents and children, but grandThings are different today in terms of The Bank of Travelers Rest was one of parents and grandchildren.” technology, but White has con nued the few South Carolina banks that didn’t Bri ’s promo on has help firm up the dedica on to customer service that post a loss during the Great Recession. the bank’s con nuity plan. Bri is now his father ins tuted so many years ago.

It didn’t make much money, but it didn’t responsible for more of the day-to-day “I know I can pick up the phone and lose any, which was a major accomplish- ac vi es of the bank while White is get Bruce whenever I need help with ment. trying to focus on more board ac vi es something,” said Wayne McCall, TravelToday, it’s back to being focused on and trying to get out of the office more ers Rest’s mayor. “I use Bruce as a o en. resource, as a mentor. He’s always been growth, albeit in the same methodical manner as in the past.

Despite spending the past 45 years very accommoda ng. He’s a community White said the bank waits un l it has working full- me at the bank, White man first and a banker second, which is a branch up, running and profitable said he has no plans to re re any me saying something.” before it considers new op ons. soon.

Con nuity and Change Bank President Tom Bri said the ins “It’s s ll a lot of fun to come into work Over the decades, the Bank of Traveltu on’s success is due in no small part every day,” he said.

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2016 Annual Conven on

Recognizing Past S.C. Bankers Association Chairmen 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

*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. Padge *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. Bea e *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. Padge *E.P. Vandiver *F.C. Huff

1940-1941 1941-1942 1942-1943 1943-1944 1944-1945 1945-1946 1946-1947 1947-1948 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

*Ernest Pa on *F.E. Grier *C.A. Spivey *J.B. Redfearn *F.B. Vincent *John B. Sloan *Donald E. Brown *I.P. McWhite *Burnell Sloan *H.M. Arthur *O.S. Burns *J.B. Gambrell *John A. Campbell, Jr. *C.A. Laffi e *Paul R. Jenkins *D.F. Pa erson *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. Laffi e *James L. Hoyt *Thomas R. Perrin *John H. Lumpkin *T.C. “Nap” Vandiver *Hugh M. Chapman Howard Elkins

1978-1979 *George L. Grantham 1979-1980 *James R. Fowler 1980-1981 *T. Luke Benson 1981-1982 John G.P. Boatwright 1982-1983 *J. Donald Collier 1983-1984 Raymond S. Caughman 1984-1985 James G. Lindley 1985-1986 Robert V. Royall, Jr. 1986-1987 L. Leon Pa erson 1987-1988 *R. Thornwell Dunlap, Jr. 1988-1989 Chester A. Duke 1989-1990 Joe A. Padge 1990-1991 W.H. “Bard” Parks 1991-1992 Joel A. Smith, III 1992-1993 Stephen L. Chryst 1993-1994 Mack I. Whi le, Jr. 1994-1995 William L. Pherigo 1995-1996 John W. Dickens 1996-1997 Paul W. “Bill” Stringer 1997-1998 Mason Y. Garre 1998-1999 Sidney B. Tate 1999-2000 Jim B. Apple 2000-2001 John C. Troutman 2001-2002 Fred L. Green, III 2002-2003 Michael C. Crapps 2003-2004 Stan F. Gibson 2004-2005 Michael R. Brenan 2005-2006 G. Anderson Douglas 2006-2007 Dwight V. Neese 2007-2008 F. Jus n Strickland 2008-2009 *Sterling J.U. Laffi e 2009-2010 Charles W. Garne 2010-2011 Teresa W. Knight 2011-2012 Sharon W. Bryant 2012-2013 F. Richard Redden, III 2013-2014 R. Arthur “Art” Seaver, Jr. 2014-2015 H. Blake Gibbons, Jr. *Deceased

Past Community Financial Institutions of S.C. Chairmen 1908-1909 *R.W. Shand 1909-1910 *William Barnwell 1910-1911 *B.M. Spra 1911-1912 *G. Cullen Sullivan 1912-1913 *T.T. Hyde 1913-1914 *William Goldsmith 1914-1915 *Joel S. Morse 1915-1916 *William M. Shannon 1916-1917 *E.O. Black 1917-1918 *M.A. Moore 1918-1919 *John B. Cannon 1919-1920 *Hunter A. Gibbs 1920-1922 *P.W. Spencer 1922-1924 *L.A. Wi kowsky 1924-1925 *W. Anderson Clarkson 6

1925-1926 *William F. Robertson 1926-1927 *T.S. Perin 1927-1928 *Carl H. Hart 1928-1929 *William P. Jacobs 1929-1930 *C.W. S keleather 1930-1931 *S.S. McCullough 1931-1932 *J.B. Woodson 1932-1933 *W.R. Zemp 1933-1934 *R.G. Childs 1943-1935 *Erwin Carothers 1935-1936 *Marion M. Hewell 1936-1937 *James H. Hammond 1937-1938 *Julius W. Anderson 1938-1940 *Frank E. Watson 1940-1942 *Herbert J. Williams

1942-1943 *J.K. Willingham 1943-1944 *Julius E. Schroeder 1944-1945 *L.A. Odom 1945-1946 *F.C. Huff 1946-1947 *Quincy W. Ulmer 1947-1948 *L.C. Wannamaker 1948-1949 *Ashby N. Sawyer 1949-1950 *L.D. Magrath 1950-1951 *Claude Vaughn 1951-1952 *James E. Caskey 1952-1953 *C.E. Wa s, Jr. 1953-1954 *Jack Lawrence 1954-1955 *Frank Bradfield 1955-1956 *William F. Smith, Jr. 1956-1957 *Walter P. White

2016 Annual Conven on

The Sanctuary to Host 2016 SCBA Annual Convention The Sanctuary at Kiawah Island will be the site for the 2016 South Carolina Bankers Associa on Annual Conven on, June 12-15, 2016. This year’s conven on marks the 116th consecu ve gathering of our state’s bankers and associates, and once again it will be held at a des na on loca on.

The Sanctuary is consistently ranked among the top des na on locales in the world, offering beau ful scenery, a variety of outdoor ac vi es and some of the best golf in the Southeast.

Kiawah is noted for its environmental, cultural and historical significance, and it’s been named one of the top 10 beaches in the U.S. The annual conven on will feature speakers, business sessions, graduate schools of banking reunions and a prayer

1957-1958 *C. Mays Earle 1958-1959 *John A. Hardin 1959-1960 *Robert L. Handell 1960-1961 *P.M. Abrams 1961-1962 *Howard F. Burky 1962-1963 *H.P. Midgley 1963-1964 *George W. Dunlap 1964-1965 *M. Lee Mays 1965-1966 *L. George Benjamin, Jr. 1966-1967 *William F. Dickey 1967-1968 William R. Merri 1968-1969 John R. Folsom 1969-1970 *Henry Heinsohn 1970-1971 *Eston W. Page 1971-1972 *Henry G. Mar n, Jr.

1972-1973 Charles W. Scales, Jr. 1973-1974 *Elizabeth L. Graham 1974-1975 *James G. Thomas 1975-1976 E.A. Hall, Jr. 1976-1977 *Guy S. Hutchins, Jr. 1977-1978 *George H. Cooper 1978-1979 *Wade A. Watson, Jr. 1979-1980 Jack G. Hendrix 1980-1981 *James D. King 1981-1982 W.F. Ne les, III 1982-1983 John M. Se le 1983-1984 *H. Ray Davis 1984-1985 Lynn W. Hodge 1985-1986 Ellio O. Cooper 1986-1987 John W. Folsom

June 12-15, 2016 The Sanctuary Kiawah Island, S.C.

breakfast.

Speakers include Beata Caranci, chief economist for TD Bank; and Kenneth L. Burgess Jr., chairman of the Texas Bankers Associa on.

For your convenience, nightly hotel rates will be extended to registrants two days before and a er the conven on should you choose to stay.

For more informa on, contact SCBA Senior Vice President E. Anne Gillespie at 803.779.0850 or by email at agillespie@ scbankers.org.

1987-1988 J. Ronald Ward 1988-1989 Luther C. Boliek 1989-1990 J. Thomas Johnson 1990-1991 Joseph D. Carson 1991-1992 Thomas E. Suggs 1992-1993 J. Edward Norris, III 1993-1994 W.L. Abercrombie 1994-1995 Robert W. (Lujack) Orr 1995-1996 William H. Johnson, Jr. 1996-1997 Alan W. Pullen 1997 John C. Troutman *deceased (The Community Financial Ins tu ons of S.C. merged with the SCBA in 1997.)

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Cover Story

Nearly 30 Travel to Capital to Meet with Delegation The South Carolina Bankers Associaon’s annual trip to the na on’s capital proved successful once again as nearly 30 bankers traveled to Washington, D.C., to visit with members of the state’s Congressional delega on, March 14-16.

The event was held in conjunc on with the American Bankers Associa on’s Government Rela ons Summit.

“Our annual trip to Washington is one of the most important ini a ves we have each year,” SCBA Chairman David Lominack said. “As we clearly heard from our representa ves, if we aren’t

consistently telling them our story then someone else is.

“I appreciate everyone who took me away from the office to par cipate this year and I truly believe it’s a powerful message when we fill a congressman’s conference room with bankers that represent banks of all sizes across the en re state of South Carolina,” Lominack added.

SCBA members enjoyed extended me with Reps. Mick Mulvaney and Tom Rice at a dinner sponsored by Nelson Mullins Riley & Scarborough and Ellio Davis

Decosimo. The group was also able to a end a luncheon with Rep. Joe Wilson.

The SCBA con ngent then split up and visited with other members of the S.C. Congressional delega on, including Sens. Lindsay Graham and Tim Sco , and Reps. Jeff Duncan, Trey Gowdy and Mark Sanford.

“Phone calls, le ers and emails are important, but there’s no subs tute for our bankers si ng down with the elected officials in Washington who cra and shape na onal policy,” SCBA President and CEO Fred Green said.

Counterclockwise, from top le : The en re South Carolina Bankers Associaon con ngent at the offices of Nelson Mullins Riley & Scarborough, with U.S. Capitol in background; Frank Townsend, Southern Bank & Trust, a division of Georgia Bank & Trust, and Michael Edens, Southern First Bank, talk with U.S. Rep. Jeff Duncan in the la er’s office; U.S. Rep. Mick Mulvaney and Jus n Strickland, Southern First Bank at Nelson Mullins offices; Fred Green, South Carolina Bankers Associa on, U.S. Rep. Joe Wilson and David Lominack, TD Bank and SCBA chairman talk during a luncheon; U.S. Sen. Tim Sco speaks to hundreds of bankers from around the na on at American Bankers Associa on Government Rela ons Summit; David Morrow, CresCom Bank, and U.S. Rep. Tom Rice at Nelson Mullins.

9

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Meet Your Legislator

Youthful Massey Interested in Shaking Up Columbia

S

enate Republican Shane Massey is one of the youngest majority leaders in the history of the South Carolina General Assembly but that hasn’t kept the Edgefield resident from speaking his mind and being an advocate of change.

Massey, 40, a graduate of Clemson University and the University of South Carolina School of Law, has served in the Senate since 2007. He was elected majority leader in early April, replacing Sen. Harvey Peeler.

“It really is a great honor to have been chosen by the other Republican senators,” he said. “In a body that is very protec ve of seniority, the Republican Caucus really went out on a limb by giving me this opportunity.”

Massey’s du es include running the GOP Caucus in the Senate and pulling Republicans together to accomplish party goals so that they speak with a unified voice.

Massey, an a orney in Edgefield, has long been clear on issues of importance to him. He’s a proponent of ethics reform, increased job training and clarifying regula ons that impact business.

He’s against “patent trolls,” increasing the minimum wage and spending tax dollars on special projects.

Massey’s desire to cut through the tangle of regula ons that can hamper business comes in part from his legisla ve experience. Over the past few years, Massey chaired two different subcommi ees that were involved with regula ons. He saw a need for reform, par cularly within state agencies to ensure that they follow the law so that regula ons protect the public without burdening businesses and individuals.

“The General Assembly needs to play a stronger role in reviewing and evaluating regula ons, and ques oning agencies about them,” Massey said. “One of the disturbing things I’ve no ced is how o en regula ons contradict statutory laws. I think we need to review regulaons on a regular basis, so that we are protec ng the public but not overbur-

S.C. Senate Shane Massey, R-Edgefield, taking a break during a legisla ve session.

dening business. It’s a fine line but one that needs to be made.”

Massey is a strong proponent of patent troll legisla on, which nearly passed during last year’s session.

Patent trolls use patents they’ve purchased to target common business devices such as ATMs, office copiers/ scanners, and hotel and restaurant WiFi, claiming that the use of these “offthe-shelf” products violates a patent – a patent that the troll simply bought from another and will not use to further the technology.

Banks and other business targets are then le with the choice of paying exorbitant license fees in order to con nue to use these normal everyday items or paying hundreds of thousands of dollars in legal fees to defend their ac vity.

“We’ve basically seen the rise of an industry where people are extor ng money by claiming some type of right to these patents that they have no right to,” Massey said.

“If we don’t stop it it’s going to get worse. Patents are protected in the Cons tu on, they were considered that important, and I think we need to take further steps to protect them,” he added.

One area that has been conten ous

concerns infrastructure funding. Massey said road funding has been the “most divisive and difficult” of any issue that has been involved with during his eightplus years in the Senate.

“Everyone has their own ideas of how things should be,” he said. “When it comes to funding and the structure of the Department of Transporta on, we’re talking about some pre y firmly held ideas. As a result, it can make it hard to bridge the divide.”

Massey said there’s been progress, but it’s been “painfully slow progress.”

Reforming the Department of Transporta on is an essen al first step in the process, he added.

Massey is more op mis c about progress on ethics. He believes state law should provide clear lines of ethical conduct and has worked to strengthen South Carolina’s ethics laws.

Massey has pushed for legisla on that would require elected officials to disclose who pays them, to assist voters in ferre ng out poten al conflicts of interest. He would also like to see an independent body be given the task of inves ga ng ethics complaints against legislators.

–Kevin Dietrich 11

Young Bankers Division

Young Bankers Conference Attracts 200 to Asheville The 2016 Young Bankers Conference brought some 200 individuals to the Omni Grove Park Inn in Asheville, N.C., including bankers, associate members and several top-notch speakers.

The conference, held March 18-20, featured S.C. Sen. Thomas Alexander, Clemson economist Sco Baier and social media and cyber security consultant Susan Wind.

The prayer breakfast talk was given by former NY Yankees standout and USC baseball coach Bobby Richardson.

In addi on, there was a panel discussion featuring several past recipients of

the Outstanding Young Banker award: Thornwell Dunlap III, CEO of Countybank; Montague Laffi e III, central regional president and senior vice president with South State Bank; Sco Plyler, president of South Atlan c Bank; and John Poole, CEO of Carolina Alliance Bank. Trish Springfield, retail banking execu ve with Southern First Bank, moderated.

Division Chairman Glenn Buddin, CEO of Blue Ridge Bank, oversaw the conference; incoming Chairman Blake Taylor, senior vice president at Southern First Bank, will begin his one-year term as

Counterclockwise, from top le : Young Bankers Chairman Glenn Buddin, Blue Ridge Bank; and former Chairman Chad Westendorf, Palme o State Bank. SCBA President Fred Green, SCBA Chairman David Lominack, and S.C. Sen. Thomas Alexander. YBD Chairman-elect Blake Taylor. Former N.Y. Yankee Bobby Richardson and Beth McMahan, NBSC, a Division of Synovus.

Center, from le : Young bankers shown with Blue Ridge Mountains in background. Le : Contestants play ‘Let’s Make a Deal.’

Above: Panel discussion with Sco Plyler, South Atlan c Bank; Montague Laffi e III, South State Bank; Thornwell Dunlap III, Countybank; and John Poole, Carolina Alliance Bank.

12

chairman on July 1.

“This year’s Young Bankers Conference at the Omni Grove Park Inn was a tremendous success,” Buddin said. “I believe all the young bankers who attended experienced a unique opportunity to learn about many different issues that are affec ng the banking industry today, as well as find inspira on to help their fellow ci zens and communi es achieve maximum economic success.”

The 2017 Young Bankers Conference will be held March 10-12, at the RitzCarlton Reynolds, Lake Oconee, Greensboro, Ga.

SCBA News

TRID, Asset Liability Sessions Highlight SCBA Events The SCBA will offer a handful of important educa onal events as it heads into the summer.

The TRID Triage Solu ons Session, scheduled for May 5 in Columbia, will be led by Pa Blenden, who will focus on the some of the hot issues related to the new TILA-RESPA Integrated Disclosures. The session will analyze new compliance expecta ons, strategic and significant opera onal changes, and the need to plan an approach to audit new forms and related procedures.

On May 10, the SCBA will offer its Asset Liability Conference, also in Columbia.

Topics at this gathering include Managing Municipal Strategy in the Face of a Tighter Fed and Emerging Credit Risks, which will explore how to develop a successful municipal strategy in light of a ghter Fed and including ways to protect against downside risks from a weaker global economy or a slowdown in domes c growth; the Road to Global

NIRP, which will examine what the impact of prolonged nega ve interest rates would mean in the United States; Structuring Hedges to Mi gate Credit, Interest Rate and Sales Risk, which will analyze the impact of fixed-rate loan por olio on a bank’s earnings and balance sheet and how banks can use hedge strategies to their advantage; an Economic Update and Interest Rate Risk Strategies for 2016; and Solid Choices to Manage Liquidity, which will consider alterna ve funding sources, con ngency funding planning, repo and dollar roll financing, marginal funding costs, and best prac ces in liquidity repor ng and monitoring.

The SCBA Annual Conven on will take place June 12-15, 2016, at The Sanctuary at Kiawah Island. For more informa on on the Annual Conven on, see page 7.

Finally, the South Carolina Bankers School will hold its annual session July

10-15, 2016, at Lander University in Greenwood.

The S.C. Bankers School remains one of the pre-eminent banking schools in the Southeast, as more than 2,800 students have graduated from the ins tu on since its incep on.

Later this year, the SCBA will put on a Cybersecurity conference, examining risks and opportuni es for banks in the cyber age. The conference will be geared toward bank directors and senior management.

For more informa on on Bankers School, contact Senior Vice President Carolyn Laffi e at 803.779.0850 or by email at carolynlaffi e@scbankers.org.

For more informa on or to sign up for any of the other events listed above, go to the South Carolina Bankers Associaon’s website at www.scbankers.org, or contact Senior Vice President Anne Gillespie at 803.779.0850 or by email at agillespie@scbankers.org.

SOUTH CAROLINA’S NEW SOURCE FOR SBA-504 LOANS By now you may have heard…there is a new source for SBA-504 loans in South Carolina. Why should you work with CSRA Business Lending for your 504 loans? Just ask Dan Blanton, Chairman of the American Bankers Association and the former Chair of CSRA Business Lending.

“I would highly recommend CSRA Business Lending to bankers in South Carolina. Our bank has participated in over 120 projects with CSRA and found them to be a great resource for both our bank and more importantly, our customers.”

Typical SBA-504 Loan Structure

SBA-504 2nd Mortgage

Bank Financing

Company Cash Down

– Dan Blanton, Chair, American Bankers Association (CEO, Georgia Bank and Trust, Augusta, Georgia and former Chair of CSRA Business Lending)

CSRA BUSINESS LENDING Georgia Office – 3626 Walton Way Extension, Suite 300, Augusta, Georgia 30909 South Carolina Office (Opening Soon) 1237 Gasden Street, Suite 200C, Columbia, South Carolina 29201 Randy Griffin (President) 706-210-2010 – Diane Masters (Senior Loan Officer) 706-210-2011

www.csrabusinesslending.com • rgriffin@csrardc.org • dmasters@csrardc.org 13

Feature

B.F. Mauldin: The South Carolinian Who Built Banks Kevin Dietrich Palme o Banker Editor

B

enjamin Franklin Mauldin may be li le remembered in South Carolina financial circles today, but at one me he ranked among the most powerful financiers in the state, running no fewer than 11 independent ins tuons simultaneously, helping form the South Carolina Bankers Associa on and serving as one of the organiza on’s first chairmen.

At the height of his power, he served as president of 10 banks spread across five different western South Carolina coun es, from Anderson down to McCormick coun es, along with another independent Georgia bank just across the Savannah River.

He was an original member of the board of the Mauldin South Carolina Bankers Associaon when it was formed in 1901 and became its fourth chairman, serving during the 1904-05 term.

The concept of a single banker serving as president or CEO of two or more unaffiliated banks seems u erly alien today, thanks to an trust legisla on that’s been ingrained into corporate America for nearly a century.

But Mauldin, taking advantage of a different era and different rules, and looking to serve underserved markets in rural South Carolina, began building his small banking empire a er having already spent 30 years in banking.

Mauldin, born in 1850 in rural Anderson District, ini ally seemed des ned for the life of a planter. He lived the large part of his youth in what was then the small village of Williamston, the son of a merchant and Bap st minister, also named Benjamin Franklin Mauldin, who was a member of South Carolina’s Secession Conven on.

14

‘Life offered to him no greater opportuni es than opening banking houses in new fields and in communi es where banks were unknown (and) developing them into sound business ins tu ons that enjoyed the trust and confidence of the people.’

–Anderson Mail May 1921 Too young to serve in the Civil War, the young Mauldin enrolled at Furman University but had to withdraw at the end of his sophomore year for lack of funds, the war have “swept away his father’s property,” according to James Calvin Hemphill in Men of Mark in South Carolina.

Mauldin began his career working in the Internal Revenue Service’s office in Anderson in 1867, not yet 18 years old. “He almost immediately developed a marked inclina on to the study and prac ce of banking,” according to Hemphill.

By 1872, he was made assistant cashier of Anderson Na onal Bank, a newly organized ins tu on that represented Anderson’s first-ever commercial bank.

In 1891, the bank was among the most profitable in the na on, ranking eighth in value in the na on. However, it was decided to reorganize the ins tu on that year. The bank was voluntarily liquidated, with stockholders receiving $475 for every $100 they had invested, according to a June 7, 1905, ar cle in the Anderson Intelligencer newspaper.

A new bank, with a state charter rather than a na onal charter, was organized to take the place of the Anderson Naonal Bank, called the Bank of Ander-

son. Mauldin took over as cashier.

In earlier days, a bank cashier served much like a bank CEO does today, handling all internal opera ons, while a bank president was more akin to a chairman, working outside the bank to bring in business.

Building an Empire In 1906, Mauldin became the president of the Bank of Anderson, a posi on he held for the rest of his life.

However, even before Mauldin became president of the Bank of Anderson, he had begun expanding out, though he chose to do so through opening new banks rather than opening branches of his Anderson bank.

The first ins tu on Mauldin opened was the Bank of Due West, about 20 miles south of Anderson in Abbeville County, in 1900. The following year, he opened the Bank of McCormick, 35 miles south of Due West in McCormick County.

In early 1904, Mauldin moved into Greenwood County when he opened the Bank of Hodges.

The following year, Mauldin went on a bank-opening spree, beginning in the spring of 1905. He opened the Lowndesville Banking Co. in March 1905 in Abbeville County; the Bank of Trenton in Edgefield County in December 1905; the Bank of Townville in Anderson County in February 1906; and the Bank of Mount Carmel in McCormick County in March 1906.

Mauldin’s final two ins tu ons were a pair of Anderson County banks: the Bank of Sandy Springs, opened in 1912, and the Farmers Bank of Iva, opened in 1913.

With the last two, he now had a small empire of 10 banks spread among five coun es, from Anderson County down to Edgefield County, all areas heavily into agriculture.

And Mauldin wasn’t content with just South Carolina: in 1908 he began The Peoples Bank, in Hart County, Ga., just across the Savannah River from Ander-

son County.

“Life offered to him no greater opportuni es than opening banking houses in new fields and in communi es where banks were unknown, developing them into sound business ins tu ons that enjoyed the trust and confidence of the people, and then leave them in the hands of ci zens of those towns and communi es as a business asset,” the Anderson Mail wrote following Mauldin’s death in May 1921.

It seems inconceivable today that a single individual could head up two different unaffiliated banks – never mind 10 – but banking laws more than a century ago were such that serving as president of more than one ins tu on was not only possible, but happened regularly. A century ago, no fewer than half a dozen South Carolinians were presidents of at least two banks.

These included John R. Vandiver of Anderson, who headed three banks; Howard B. Carlisle of Spartanburg, who was president of three banks; and Lancaster industrialist Leroy Springs, who ran two banks.

The Empire Falters The days of holding sway over more than one independent bank began to come to an end during World War I, when the Congress passed the Clayton Act, an an trust measure designed to clarify and supplement the Sherman An trust Act of 1890 with the goal of preven ng an compe ve prac ces.

Clayton Act provisions included a requirement that said beginning Oct. 15, 1916, “no person shall, at the same me, be a director or other officer or employee of more than one bank, banking associa on, or trust com-

other than its own subsidiaries.

With Glass-Steagall, the days of one man serving as president of mul ple independent banks was over for good.

In the end, Mauldin’s 10 Palme o State banks didn’t end up being subject to the vagaries of federal regula on.

With the downturn in co on prices and agriculture following World War I, economic hard mes hit South Carolina beginning in 1920. The state, which had 450 state-based banks and 130 statebased thri s at the beginning of the decade, saw 74 percent of those ins tuons either go under or be absorbed, according to the 1990 book, Making Change: South Carolina Banking in the Twen eth Century.

While all 10 of Mauldin’s South Carolina banks were opera ng in 1920, it doesn’t appear any were s ll a going concern by 1933. Each had fallen vic m to the economic hard mes that swept South Carolina and the na on.

Mauldin, perhaps fortunately, wasn’t around to see his empire crumble. Or perhaps his empire crumbled because he wasn’t around.

The former SCBA chairman died in Anderson on May 3, 1921, at age 71.

Mauldin was noted for his fairness, integrity and the uniform manner he treated both rich and poor.

Years before his passing, Abbeville County businessman Selden Kennedy paid tribute to Mauldin: “I have never known a more unselfish successful businessman. Some men do not care who may fail, so they succeed, but Mr. Mauldin in deeply interThe old Bank of Anderson building, at the corner of Main and Benson streets in Anderson, was constructed for B.F. Mauldin and ested in all, and can rejoice his new bank in 1891. It remained in business un l 1925, four years with men as well as weep with them.” a er Mauldin’s death. pany organized or opera ng under the law of the United States,” if the en re resources of either ins tu on exceeded $5 million.

Mauldin’s ins tu ons escaped the wrath of government regulators as his banks, even combined, were under the $5 million threshold. However, an -monopoly sen ments were growing, and were greatly fueled by the economic downturn of the Great Depression, which saw thousands of banks across the na on fail.

The Banking Act of 1933, also known as the Glass-Steagall Act, stated that no director, officer or employee of any bank shall be affiliated with any other bank (other than a mutual savings bank)

15

Banking Careers 101

Students from Across S.C. Attend Banking Careers 101 Approximately 100 students came out for the SCBA’s annual Banking Careers 101, held Feb. 10 at Seawell’s in Columbia.

Students from 13 South Carolina colleges and universi es were on hand, including representa ves from Charleston Southern University, Claflin University, Clemson University, Furman University, Morris College, Presbyterian College, Lander University, The Citadel and the University of South Carolina.

16

The students were split up into several groups and spent 25 minutes each in different sessions, each of which focused on an specific area of banking: IT and opera ons; lending; compliance, credit risk and accoun ng; management training, retail and investments; and corporate social responsibility, marketing and human resources.

More than three dozen bankers from across the state were on hand, to answer ques ons and offer advice on

how students can get into the banking industry.

Sponsors of the event were NBSC, a division of Synovus Bank; South State Bank; The Peoples Bank; Wells Fargo; Sandhills Bank; Ci zens Building & Loan; TD Bank, N.A.; CresCom Bank; and the Bank of Travelers Rest.

Blake Taylor of Southern First Bank gave the luncheon talk on the importance of financial literacy and fiscal responsibility.

News

SCBA Speaks Out: CFPB Takes Note, Makes Changes April 25, 2016 Fred Green President & CEO South Carolina Bankers Associa on 2009 Park Street Columbia, SC 29201 RE: Amendments Rela ng to Small Creditors and Rural or Underserved Areas Under the Truth in Lending Act (Regula on Z) Dear Fred: Recently, the Consumer Financial Protec on Bureau (CFPB) finalized several changes to our mortgage rules related to the defini ons of small creditor and rural. I would like to take this opportunity to highlight some of the important changes that likely apply to your members.

Editor’s Note: A short Ɵme before the PalmeƩo Banker went to press, we received the leƩer to the leŌ from Richard Cordray, director of the Consumer Financial ProtecƟon Bureau. In the interests of space, the Palme o Banker is running an abbreviated version of the leƩer. Those interested in the enƟre missive can receive a copy by emailing Kevin Dietrich of the SCBA at kdietrich@scbankers.org.

Since issuing the mortgage rules, we have con nued to monitor the mortgage market and seek public input. A er extensive feedback, we finalized changes to our mortgage rules that extended • small creditor status to more creditors. According to the revised rule: If you and your affiliate(s), together, have less than $2 billion in assets (adjusted annually for infla on) and originated fewer than 2,000 first-lien mortgages during the prior year, excluding any originated loans that you or your affiliates held in por olio, your ins tu on may qualify as a small creditor.

The Bureau included certain special provisions in our mortgage rules for small creditors and for small creditors opera ng in rural or underserved areas. For example, if you are a small creditor, any loan you make that meets the product feature requirements and that you hold in por olio is a Qualified Mortgage (QM) as long as you have considered and verified a borrower’s debt-toincome ra o. In addi on, small creditors opera ng in rural or underserved areas can originate • balloon-payment QMs and balloon-payment HOEPA loans and may be exempt from the requirement to establish an escrow account for higher priced mortgage loans.

The Bureau included certain special provisions in our mortgage rules for small creditors and for small creditors opera ng in rural or underserved areas. For example, if you are a small creditor, any loan you make that meets the product feature requirements and that you hold in por olio is a Qualified Mortgage (QM) as long as you have considered and verified a borrower’s debt-toincome ra o. In addi on, small creditors opera ng in rural or underserved areas can originate balloon-payment QMs and balloon-payment HOEPA loans and may be exempt from the requirement to establish an escrow account for higher priced mortgage loans.

I want to stress that this le er is not an exhaus ve summary of changes to the small creditor rule. The Bureau’s website contains addi onal resources to help you navigate the changes, including a factsheet, an execu ve summary of the interim final rule that we issued in March, and a qualified mortgage flow chart designed for small creditors. I encourage you to visit the Bureau’s regulatory implementa on page to learn more about the new changes and how these resources may assist in compliance efforts.

Sincerely,

Highlights Banks with less than $2 billion in assets (adjusted annually for infla on) and originating fewer than 2,000 first-lien mortgages during the prior year (excluding any originated loans held in por olio) may qualify as a small creditor; and A creditor is no longer required to “operate predominantly” (i.e., make more than half of its covered transac ons) in rural or underserved areas to qualify for these provisions, according to new Consumer Financial Protec on Bureau guidelines. A rural area includes not only a rural county but also a census block that is not in an urban area as defined by the Census Bureau.

Richard Cordray Director 17

SCBA Services News

Student Loan Corp. Joins Preferred Vendor Program

T

he South Carolina Student Loan Corp., the only statewide nonprofit educa on lender based in the Palme o State, has joined the South Carolina Bankers Associa on’s preferred vendor program.

The S.C. Student Loan Corp., created through a joint effort of South Carolina banks, the SCBA and the state, seeks to make college possible by offering loans to South Carolina residents a ending eligible colleges almost anywhere in the na on and to out-of-state residents attending college in the Palme o State.

“Our organiza on was created in 1973 as a result of the foresight and efforts of several board members of the South Carolina Bankers Associa on working with former state Treasurer Grady Patterson,” said Chuck Sanders, president and chief execu ve officer of the South Carolina Student Loan Corp.

“It is therefore only appropriate that we further our partnership with SCBA as a sponsor as we all a empt to assist stu-

dents and parents in our state achieve the goal of higher educa on,” Sanders added.

To be eligible for a loan from the South Carolina Student Loan Corp., students must be a ending a public or not-for profit college or university (an excep on is the Charleston School of Law) located within the United States that is deemed eligible by the U.S. Department of Educa on for par cipa on in the Title IV programs and has a three-year cohort default rate of less than 20 percent for the most recent repor ng year.

The S.C. Student Loan Corp can be of service to banks by helping customers who need to refinance or consolidate student loans, or who are interested in taking out new student loans, either for themselves or family members.

Most banks don’t offer student loans, but by partnering with the S.C. Student Loan Corp. the SCBA has given member banks easy access to a high-quality educa on lender.

financial services

“As a banker, I understand the value of good partnerships,” said Sara Fisher, director of business development for the Student Loan Corp. “I am looking forward to working with other bankers around the state to assist in providing student loans to their customers. We will deliver high-quality service and help to strengthen the bond between banker and client.”

The Student Loan Corp. traces its history to 1970 when the Bankers Associaon unanimously agreed to support the forma on of a nonprofit to administer a guaranteed student-loan program in South Carolina.

The following year, the S.C. General Assembly established the S.C. State Educa on Assistance Authority, which by defini on, consisted of members of the State Budget and Control Board, and was empowered to make, insure and guarantee student loans for state residents.

See Student Loan, page 27

SM

the speed of life

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19

Execu ve News

Medlock Named Fulltime CEO by Greer State Bank J. Richard Medlock Jr. was named president and chief execu ve officer of Greer Bancshares Inc. and subsidiary Greer State Bank. Medlock was also named to the boards of both en es.

Medlock has been with Greer State Bank since its incep on in 1988, beginning as an internal auditor, then chief financial officer for 23 years, and, most recently, interim president and CEO. “Rick has served with dis nc on and Medlock excellence in every posi on he has held at the bank,” said Gary M. Griffin, chairman of Greer Bancshares and Greer State Bank. “He has shown true leadership and has been a steadying influence throughout the history of the bank.”

Medlock took over on an interim basis last summer when then-president and chief execu ve George Burde e le the bank.

Greer State Bank has four branches: three in Greer and one in Taylors; and a loan produc on office in Clemson.

Windley Promoted to Chief Executive at South State Bank

John F. Windley, president and chief banking officer for South State Bank, has been named the ins tu on’s chief execu ve officer. As president and CEO, Windley will con nue to manage all of the ins tu on’s banking opera ons in North Carolina, South Carolina and Georgia.

Robert Hill, who has been CEO of South State Corp. and South State Bank since 2004, will con nue in his role as chief execu ve of Columbia-based parent company South State Corp.

“John is a great banker, leader and has been a cri cal part of our company’s success,” Hill said.

“His role as CEO will ensure that we are responsive to the needs of our custom-

ers and posi ons us for future growth,” Hill added.

Windley, a na ve of Mount Airy, N.C., and graduate of Wofford College, joined South State in 2002. He has served in various leadership capaci es a er a 26-year banking career with Bank of America and its predecessor organizaons.

Windley was promoted to president of South State Bank in 2004.

“When you get right down to it, this industry is about two things: it’s about rela onships and teamwork, and that hasn’t changed in 40 years,” Windley said.

South State Corp. has 126 branches and more than $8.6 billion in assets.

Bank of TR Names Britt President Tom Bri , a 25-year veteran of the Bank of Travelers Rest, was recently promoted to president of the privately held ins tu on.

Bri had been execu ve vice president of the 10-branch, $600-plus-million bank.

He takes the president’s tle from Bruce White, the long me execu ve who remains chief execu ve officer and chairman of the 70-year-old Greenville County bank.

Bri was promoted to execu ve vice president in 2011.

He and Execu ve Vice President Eddie

Fewell have been given responsibility for some of the bank’s day-to-day du es from White, but Bri said White is s ll the man in charge.

“It’s humbling, very humbling,” Bri said of the new posi on. “It’s going to be difficult in many ways, but Bruce is s ll here, which is good to know.”

The bank recently opened its 10th office, at the corner of Woodruff Road and Verdae Boulevard in the mixed-use development named Verdae.

Bri is a graduate of the University of South Carolina Upstate.

Walpole Named CFO at Bank of South Carolina Corp.

Eugene Walpole IV has been appointed chief financial officer and senior vice president of the Charleston-based Bank of South Carolina Corp. and chief financial officer of Bank of South Carolina.

Walpole replaces Sheryl Sharry, who had been CFO of Bank of South Carolina Corp. and unit Bank of South Carolina since 2010.

Sharry joined the Bank of South Carolina at its incep on in 1986.

Walpole, 31, began at the Bank of South Carolina in 2012 as a risk management officer, and he was promoted to senior vice president this past October.

Previously, he had been a senior accountant with Ellio 20

Davis LLC. He is a graduate of Presbyterian College and the University of South Carolina, according to the Charleston Post and Courier.

Sharry re red as CFO March 29 and stepped down from her post as execu ve vice president of the company and the bank April 12, the result of her decision to take early re rement.

Sharry will con nue to serve on the board of the two en es a er her re rement if she is re-elected by shareholders of the two en es.

The Bank of South Carolina has four loca ons – two in Charleston, and single loca ons in Summerville and Mt. Pleasant – and approximately $400 million in assets.

Bank News

Kreighbaum Takes Reins at SCCB Tidelands to be N.C. Banker to Lead State’s Only Minority Institution Acquired by He stepped down from Carolina PreJohn S. Kreighbaum was named president and chief execu ve officer of South mier Bank in the summer of 2014.

Georgia’s UCB Kreighbaum “will lead the bank into Carolina Community Bank in early April, replacing Tom Felder.

Kreighbaum is the first non-minority to head the state’s only African-Americanowned bank, which began in 1999.

S.C. Community Bank was created a er the failure of Victory State Bank, which traced its roots to 1921.

Parent company SCCB Financial Corp. told the Columbia Regional Business Report that the ins tu on will “undergo a comprehensive, transforma ve rebranding integrated with a new opera ng strategy.”

Felder helped stabilize the bank during very difficult mes in the financial industry, said Paul Mitchell, chairman.

“The board and I are incredibly thankful for Tom’s contribu ons and we wish him all the best,” he said.

Kreighbaum, a veteran of more than 25 years in the banking industry, founded Carolina Premier Community Bank near Charlo e in 2007.

the 21st century while bringing to life a new, mul cultural community development bank model,” the company said in a press release.

The Columbia-based bank’s plan calls for it to develop a broader and more diverse customer base with a collaborave financial literacy, risk-based focus on the distressed and underserved, the company said.

“It embraces a mission of reducing poverty, increasing employment, improving educa on and posi vely helping unlock human poten al,” according to Kreighbaum.

South Carolina Community Bank is one of fewer than two dozen African-American-owned banks in the na on cer fied as a U.S. Treasury Cer fied Community Development Financial Ins tu on, according to the company.

South Carolina Community Bank has a single loca on and $53 million in assets.

HCSB Gains $45 Million in Placement HCSB Financial Corp., the parent company of Horry County State Bank, recently closed on the private placement of nearly 360 million shares of common stock at 10 cents per share and more than 900 million shares of Series A preferred stock at $10 per share to Castle Creek Capital Partners VI LP and certain other ins tu onal and accredited investors. The company realized gross proceeds of approximately $45 million through the sale.

The company used approximately $38 million of that amount to recapitalize Horry County State Bank to support its opera ons and increase its capital ra os to levels in excess of required regulatory levels.

Another $3 million went to repurchase all outstanding Series T preferred stock, trust preferred securi es and subordinated debt notes.

In addi on, Jan H. Hollar took over as

CEO of Horry County State Bank, replacing President and CEO Jimmy Clarkson.

Hollar brings extensive banking exper se, having served in the financial services industry for 37 years. She has been working with the Horry County State Bank as a consultant on a partme basis since August 2014 and on a full me basis since last November.

“I am honored to be in this posi on at a pivotal me for Horry County State Bank,” she said. “This is a bank with a great history of serving its customers, and we are looking forward to con nuing that service with the strong financial posi on we will have following this recapitaliza on.”

During her career, Hollar has worked mainly with regional and community banks in the Carolinas. Most recently she served as execu ve vice president and CFO of Yadkin Financial Corp. and Yadkin Bank in Statesville, N.C.

United Community Banks Inc. will acquire Mt. Pleasant-based Tidelands Bancshares Inc., the parent company of Tidelands Bank, it was announced in early April.

United, the parent of United Community Bank, entered the state in 2013 and made a big splash with its acquisi on of The Palme o Bank last year.

The Tidelands’ acquisi on represents the second step of a two-step plan associated with our coastal South Carolina growth strategy, according to Jimmy Tallent, chairman and CEO of United.

The first step included hiring a group of experienced, Charleston-area bankers.

Since joining United in the second half of 2015, these bankers – opera ng out of temporary space – have produced approximately $85 million of new loans and commitments within the last five months, he said.

“The pairing of these lenders and the expected addi ons thereto, with an in-market bank pla orm, will greatly accelerate United’s growth opportuni es in the coastal South Carolina markets,” he said.

With the addi on of Tidelands, United will be firmly established in three key coastal S.C. markets considered to be among the most a rac ve for growth and business in both the Southeast and in the country, Tallent added.

United, headquartered in Blairsville, Ga., is the parent of United Community Bank, which has 134 offices in Georgia, North Carolina, South Carolina and Tennessee, and $9.6 billion in assets.

Tidelands Bank currently operates four branches in the Charleston area, two branches in Myrtle Beach and one branch in Hilton Head, and has more than $450 million in assets.

The deal has been unanimously approved by both company boards and is expected to close in the third quarter of 2016.

21

Personal Transac ons

Berry

Leeper

Anderson Brothers Bank Dana Berry has been promoted by Anderson Brothers Bank to branch opera ons coordinator of the ins tu on’s Conway office.

& marke ng, by Carolina Alliance Bank.

Blue Ridge Bank Glenn D. Buddin Jr., chief execu ve officer and chief financial officer of Blue Ridge Bank, recently had the tle of president added to his du es. He succeeds Joann Bryson, the long me Blue Ridge Bank employee who has reduced some of her du es.

Carolina Financial Corp.

Crescent Mortgage Co., the Atlantabased mortgage company owned and operated by Carolina Financial Corp., has promoted president Fowler Williams to chief execu ve officer.

Carrie Casali was recently appointed execu ve vice president by Blue Ridge Bank.

Blue Ridge Bank has named David Hya senior vice president and chief credit officer.

Eva McGowan of Blue Ridge Bank was promoted to senior vice president and chief informa on officer.

Blue Ridge Bank has appointed Chris Ellenburg vice president and chief opera ng officer.

Pam Lemere has been named vice president and main office manager by Blue Ridge Bank.

Blue Ridge Bank has promoted Danielle Leeper to vice president and chief financial officer.

Carolina Alliance Bank Janice Addington has been appointed senior vice president, human resources 22

Addington

Carolina Alliance Bank has promoted Coleman Edmunds to execu ve vice president, retail banking officer.

Coastal Carolina Na onal Bank Coastal Carolina Na onal Bank has promoted Robert P. Hucks II to senior vice president/North Strand market execu ve.

Gary Staley as has been named vice president/North Strand manager of Coastal Carolina Na onal Bank’s newest loca on in North Myrtle Beach.

CresCom Bank Ryan Funke has joined CresCom Bank as vice president/commercial lender.

Robert Haile has been appointed chief investment officer and treasurer by CresCom Bank.

CresCom Bank has named Kristen Hopson as branch manager for its Mount Pleasant loca on.

CresCom Bank recently named Joseph Kassim chief accoun ng officer. He has served as the bank’s senior vice president of finance since May 2013.

Cameron Smith has joined CresCom

Staley

Kirven

Bank as a mortgage loan originator and will operate out of the bank’s Mee ng Street branch in downtown Charleston.

First Community Bank Coleman Kirven has been appointed senior vice president/regional market president for First Community Bank’s Greenville market.

First Community Bank has named David Ramseur vice president/commercial banker. Ramseur will be opera ng in the Greenville market.

Trey Werner has joined First Community Bank as vice president/senior commercial banker in the bank’s Greenville market.

First Reliance Bank Rick Saunders, president and chief execu ve officer of First Reliance Bank, was recently recognized with an entrepreneur award from the Florence Darlington Technical College during the ins tu on’s second annual entrepreneurial forum.

First South Bank Mallory J. Edwards has joined First South Bank in Spartanburg as vice president, commercial lending officer.

Jeffrey Howard has joined First South Bank in Spartanburg as vice president, commercial lending officer.

Megan R. Kingsbury-Wiggs has joined First South Bank in Greenville as banking officer, commercial lending officer.

Personal Transac ons

Robinson

Holland

Greer State Bank Greer State Bank recently promoted John Hobbs, senior vice president, controller and chief risk officer, to chief financial officer.

HomeTrust Bank Ann Robinson was recently hired as HomeTrust Bank’s new Greenville market president.

Horry County State Bank Jack McElveen has been appointed chief credit officer of Horry County State Bank, replacing Glenn Bullard, who re red at the end of December.

NBSC, a Division of Synovus Synovus recently announced that Frances Anderson, assistant branch manager of the Charlestowne Square branch of NBSC in North Charleston, received the James D. Yancey Customer Covenant Award. The award is named in honor of the former Synovus chairman who was noted for pu ng the needs of customers first.

Emily B. Holland has been appointed to NBSC’s Anderson Advisory Board of Directors. Holland is a na ve of Anderson and president and owner of Mar n Holland Adver sing.

NBSC has appointed of Dennis C. Looney Jr. to its Anderson Advisory Board of Directors. The Anderson na ve is president and owner of Merchney Greenhouses.

Oconee Federal Cur s Eva , president of Oconee Fed-

Bu erfield

eral Financial Corp. and Oconee Federal Savings and Loan Associa on, has been appointed to serve as the chief financial officer of both en es. Eva , replaces Allen Salter, who resigned as CFO of the bank and holding company effec ve March 22.

South Atlan c Bank South Atlan c Bank has named Alison Van Wagner assistant branch manager at the ins tu on’s main office.

South State Bank Rhonda Bigham has been named junior mortgage loan officer in South State Bank’s Seneca office.

Renee Brooks was appointed chief risk officer of South State Bank in late January. Brooks, who had been senior execuve vice president and chief administrave officer, has retained the la er two tles in addi on to her new posi on.

Brooks has been with South State since 1996.

South State Bank has appointed Andy Bu erfield vice president and mortgage loan originator for the ins tu on’s Greenville office.

South State Bank named Jus n Cazel senior vice president.

South State Bank announced Ashton Dorman has been named mortgage loan officer for the Murrells Inlet Office.

Allen White has joined South State Bank at its Seneca and Hartwell offices as vice president in mortgage lending.

Cooper

Fortson

TD Bank, NA Kelly Carson has been named senior rela onship manager for the Upstate market and surrounding coun es by TD Bank.

TD Bank has named Michael Cooper deployment director of the New Markets Tax Credit program for TD Community Development Corp. Cooper is responsible for the origina on of all new markets tax-credit ac vi es for both public and private companies using NMTC investments to finance commercial and industrial development and community revitaliza on.

TD Bank has named Alex Guzman treasury management officer for the Midlands market of South Carolina.

Willis Fortson is now assistant vice president-retail at TD Bank.

United Community Bank Russ Williams has been named senior vice president, commercial rela onship manager at United Community Bank.

Wells Fargo Long Time Wells Fargo execu ve John Bankson has been named head of Wells Fargo Private Bank’s Business Advisory Services group.

Wells Fargo has named Jack Marche e its Pee Dee market president and Business Banking manager. Marche e is based in Florence and is responsible for leading Wells Fargo’s Florence and Sumter business banking teams.

23

News

FDIC Chairman to Work to Address De Novo Drought Federal Deposit Insurance Corp. Chairman Mar n Gruenberg announced last month that the regulatory agency will reduce the period of heightened supervisory monitoring for newly chartered community banks to help address the drought in de novo charters that has taken place over the past half decade.

The seven-year supervisory period was established during the financial crisis in response to the large number of Gruenberg failing de novos, Gruenberg said.

However, he pointed out that “in the current environment, and in light of strengthened, forward-looking supervision, it is appropriate to go back to the three-year period.”

It’s been at seven years since the last de novo started up in South Carolina: Coastal Carolina Na onal Bank, based in Myrtle Beach.

Over the past few years, fewer than a dozen de novos have been begun na onwide.

Along with the announcement, the FDIC issued supplemental guidance for proposed depository ins tu ons applying for FDIC insurance.

The frequently asked ques ons expand on guidance originally issued in 2014, highligh ng the FDIC’s expecta ons for organiza ons when submi ng business plans.

Gruenberg also announced that the FDIC plans to hold future outreach mee ngs to provide more informa on on the de novo applica on and approval process.

He added that the agency is also in the process of developing a handbook that will guide prospec ve bank start-ups

through the review process.

“There is ample room for new community banks with sound funding and well-conceived business plans to serve their local markets,” Gruenberg said. “It is essen al that they have a clear path to approval.”

ABA has long raised concerns about the lack of new bank approvals in recent years, and strongly supports Federal Deposit Insurance Corp.’s recogni on of improved industry condi ons and commitment to fostering de novo formaon.

The new guidance is expected to increase the transparency of the deposit insurance applica on process.

Gruenberg was appointed to the Federal Deposit Insurance Corp. chairman’s post for a five-year term by President Barack Obama.

His appointment was confirmed by the United States Senate in November 2012.

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24

Bank News Abbeville First Bank Abbeville First Bank held a grand opening and ribbon-cu ng ceremony for its Calhoun Falls office on March 22.

In a endance were board members Pat Hodge, Dr. Mike Campbell and Dr. Bob Todd, Abbeville First President Andy Timmerman and Calhoun Falls Mayor Johnny Waller.

Anderson Brothers Bank Anderson Brothers Bank is now the largest auto loan lender among all banks chartered in South Carolina, according to data filed with the FDIC. Anderson Brothers Bank had nearly $115 million in automobile loans as of Dec. 31, 2015, according to FDIC data.

BNC Corp.

BNC Bancorp, the N.C.-based holding company of the Bank of North Carolina, and Southcoast Financial Corp., the parent of Mt. Pleasant-headquartered Southcoast Community Bank, on March 22, 2016, waived un l Aug. 1, 2016,

their right to terminate the impending merger between the two companies due to a failure to complete the transac on by March 31, 2016. No other changes were made to the agreement.

Carolina Alliance Bank Carolina Alliance Bank has redeemed all of the preferred stock it issued to the U.S. Treasury in 2011 under the Small Business Lending Fund. The Spartanburg-headquartered ins tu on redeemed 5,000 shares of its series A senior noncumula ve perpetual preferred stock with a liquida on amount of $1,000 per share, for an aggregate of approximately $5 million, including accrued but unpaid dividends. The bank used its exis ng available funds for the redemp on.

CBC Na onal Bank Coastal Banking Co. Inc., the Beaufortbased holding company of CBC Na onal Bank, completed its acquisi on of First Avenue Na onal Bank of Ocala, Fla., in mid-April.

The addi on of First Avenue doubles the number of offices Coastal now operates.

The merger brings Coastal two branches in Ocala and one branch in The Villages, Fla. All three are now opera ng as CBC Na onal Bank branches. CBC already had offices in Beaufort and Port Royal, along with Fernandina Beach, Fla. The OCC approved the transac on in mid-February and shareholders gave their approval in early April.

Coastal Carolina Na onal Bank Coastal Carolina Na onal Bank held a groundbreaking ceremony April 22 to mark construc on of a new 7,000-square-foot facility at the corner of Highway 17 North and 11th Avenue North in North Myrtle Beach.

First Community Bank Lexington-based First Community Bank has bolstered its Greenville market loan produc on office with the addi on of commercial bankers Coleman Kirven, Trey Werner and David Ramseur.

GrandSouth Bancorpora on GrandSouth Bancorpora on, the Greenville-based holding company for GrandSouth Bank, recently completed the sale of $12 million in common stock through a private placement. Proceeds will be used for general corporate purposes, including increasing the capital of GrandSouth Bank to support future growth opportuni es.

ServisFirst Bank ServisFirst Bank has moved its South Carolina headquarters into the historic Cigar Factory building in Charleston.

South Atlan c Bancshares South Atlan c Bancshares Inc. of Myrtle Beach raised $4.6 million in a recent private placement offering of common stock. Proceeds will be used by the company for general corporate purposes and to support the growth and capital posi on of the bank.

South State Bank South State Bank hosted a grand opening for its newest office at 222 E. Main Street in Rock Hill on Jan. 7.

Synovus Corp.

Synovus, parent of NBSC, won 26 awards in the 2015 Greenwich Excellence Awards for Small Business Banking and Middle Market Banking. Among more than 600 U.S. banks evaluated by Greenwich Associates only two banks won more awards than Synovus.

25

News Student Loan

E. Anne Gillespie, senior vice president, SCBA, receives the 2015 Gold Award from by Michael R. Brenan, board of directors of United Way of the Midlands and S.C. market president for BB&T, le , and Mac Benne , president of United Way of the Midlands. The award is given to companies with 100 percent employee par cipa on.

To help the Authority handle the task of providing financial assistance to Palme o State students and parents, the S.C. Student Loan Corp. was formed in November 1973. Under this arrangement, S.C. Student Loan originated and serviced all student loans, and these loans were guaranteed by the Authority and reinsured directly by the federal government.

The S.C. Student Loan Corp. has grown drama cally over the past 40-plus years, from 222 loans totaling $127,000 in its first year to tens of thousands of loans annually. Since its beginning, the Student Loan Corp. has made more than 1.9 million loans totaling more than $7.2 billion.

“The SCBA and the South Carolina Student Loan Corp. are a good fit because this gives member banks another resource for their customers,” said SCBA President and CEO Fred Green.

“Banks can direct clients who might not otherwise know about the loan opportuni es or consolida on opportuni es that the Student Loan Corp. provides to a reputable, well-regarded lender who can take them through the process from start to finish,” he added.

For more informa on about the SCBA’s partnership with the S.C. Student Loan Corp., please contact SCBA Senior Vice President Carolyn Laffi e at 803.779.0850 or by email at carolynlaffi e@scbankers.org, or Sara Fisher at the S.C. Student Loan Corp. at 803.612.5046 or by email at sfisher@scstudentloan.org.

–Kevin Dietrich

ABA Offers Array of Banking Tips to Bolster Security As consumer use of mobile devices con nues to climb, cyber criminals are targe ng those gadgets more frequently. The ABA has highlighted 12 things consumers can do to protect the data on their mobile device.

“Banks use sophis cated safeguards to protect customer informa on, and it’s important for consumers to take certain safety measures too,” said Doug Johnson, ABA’s senior vice president of payments and cybersecurity policy.

“Remember that your smart phone or tablet is like a li le computer, and any device used to connect to the Internet needs to be protected.”

ABA suggests following these steps to protect your mobile device: • Use the passcode lock on your smartphone and other devices; See Security, Page 28 27

Security • •

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• • • • •

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Log out completely when you finish a mobile banking session; Protect your phone from viruses and malicious so ware, or malware, just like you do for your computer by installing mobile security so ware; Use cau on when downloading apps. Apps can contain malicious so ware, worms, and viruses. Beware of apps that ask for unnecessary “permissions”; Download the updates for your phone and mobile apps; Avoid storing sensi ve informa on like passwords or a social security number on your mobile device; Tell your financial ins tu on immediately if you change your phone number or lose your mobile device; Be aware of shoulder surfers. The most basic form of informa on the is observa on; Wipe your mobile device before you donate, sell or trade it using specialized so ware or using the manufacturer’s recommended technique. Some so ware allows you to wipe your device remotely if it is lost or stolen; Beware of mobile phishing. Avoid opening links and attachments in emails and texts, especially from senders you don’t know. And be wary of ads (not from your security provider) claiming that your device is infected; and Watch out for public Wi-Fi. Public connec ons aren’t very secure, so don’t perform banking transac ons on a public network.

tŝƚŚ Ă ϯϲϬΣ ƉĞƌƐƉĞĐƟǀĞ͕ ŽƵƌ ĮŶĂŶĐŝĂů ƐĞƌǀŝĐĞƐ ƚĞĂŵ ŝƐ with you every step of the way.

More than 160 banks in the Southeast depend ŽŶ ůůŝŽƩ ĂǀŝƐ ĞĐŽƐŝŵŽ ĨŽƌ ƉĞƌƐŽŶĂů ĂƩĞŶƟŽŶ͕ ŝŶĚƵƐƚƌLJ ĞdžƉĞƌŝĞŶĐĞ ĂŶĚ ƐĞƌǀŝĐĞƐ͕ ŝŶĐůƵĚŝŶŐ ĞdžƚĞƌŶĂů ĂŶĚ ŝŶƚĞƌŶĂů ĂƵĚŝƚ͕ ^ ƌĞƉŽƌƟŶŐ͕ DΘ ĐŽŶƐƵůƟŶŐ͕ ƚĂdžĂƟŽŶ ĂŶĚ ĐŽŵƉůŝĂŶĐĞ͘ KƵƌ ĮŶĂŶĐŝĂů ƐĞƌǀŝĐĞƐ ƉƌĂĐƟĐĞ ŝƐ ŵŽƌĞ ƚŚĂŶ ϭϬϬ ƉƌŽĨĞƐƐŝŽŶĂůƐ ƐƚƌŽŶŐ͕ ǁŝƚŚ Ă ϲϬͲLJĞĂƌ ƌĞƉƵƚĂƟŽŶ ĨŽƌ ŚĞůƉŝŶŐ ďĂŶŬƐ ŽƉĞƌĂƚĞ ƐƚƌŽŶŐĞƌ͕ ǁŝƐĞƌ͕ ďĞƩĞƌ͘ >Ğƚ ƵƐ ŚĞůƉ LJŽƵ ŵŽǀĞ ĨŽƌǁĂƌĚ͘

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elliottdavis.com

Welcome New Associate Members Ascensus PO Box 979 Brainerd, MN 56401 Phone: 800.346.3860 Contact: Jane Weizenegger Email: jane.weizenegger@ascensus.com Website: www.ascensus.com Ascensus is the industry’s leading administrator of tax-favored plans for healthcare, re rement and college savings plans for more than 6 million Americans. Founded in 1975, Ascensus currently provides products and solu ons for HSAs, IRAs and employer re rement plans to more than 7,200 financial ins tu ons na onwide. Our 40 years of experience with re rement plans and our exper se with Health Savings Accounts since their incep on nearly a decade ago is unparalleled in the industry. Ascensus core capabili es encompass every component of the re rement infrastructure, including: • Re rement Services – 401(k), 457, Defined Benefit and IRA administra on; • College Savings – 529 plans; • Health Savings Accounts (HSAs); • ERISA consul ng; • Compliance support; • Trust services; • Mul lingual educa on and services including document transla on; • Training; and • Documenta on and forms.

Ascensus solu ons are targeted, customizable and designed to surpass our clients’ needs with industry-leading results. Combined with 40 years of re rement-industry experience, it is this dis nc on that sets Ascensus apart and makes us a premier whole-service rerement-solu ons provider and partner of choice for many financial ins tu ons, financial advisors and employers.

Banc Card of America 7135 Charlo e Pike #200 Nashville, TN

Phone: 615.352.6956 Contact: Nick Brown Phone: 864.729.4015 Email: nbrown@banccard.com Website: www.banccard.com At Banc Card of America we believe in face-to-face customer interac on and represen ng our partner banks in a professional manner with our appearance, our service and our consulta ve sales presenta on. We are commi ed to “old-fashioned” service, while providing cu ng-edge technology. Banc Card of America has offered merchant services to more than 50,000 merchants/clients accep ng credit and debit cards as payments for products and services since 1997. We partner with more than 400 community banks in 24 states. Banc Card has remained debt free since the incep on of the company. This model has allowed us to have capital to expand with our financial ins tu ons. Banc Card of America has been recognized as a top merchant service provider by Elavon since its incep on in 1997. With our expansive product offering we are able to specifically tailor fit a solu on for any client’s needs.

Bankers Healthcare Group 201 Solar Street Syracuse, NY 13204 Phone: 315.671.4108 Contact: Melissa Whelan Email: Melissa@bhg-inc.com Need loans?

Grow your bank’s por olio with loans from Bankers Healthcare Group (BHG). They market, underwrite and fund loans exclusively to licensed medical professionals, having provided more than $2 billion in financing since 2001. Find out why more than 550 community banks across the U.S. have purchased quality medical loans from BHG.

BBVA Compass Bank 15 South 20th Street Birmingham, AL 35233 Phone: 800.644.3330 Contact: Sco Bacue Email: sco .bacue@bbva.com As one of the na on’s leading providers of correspondent services, BBVA Compass offers a full range of banking services to help community banks maximize profits and enhance their bo om line. Put our 50 years of experience to work and let us build solu ons around your financial ins tu on’s needs.

Diligent Bank Credit Advisors, LLC 12 Oneal Street, Suite 4 Greenville, SC 29201 Phone: 864.241.1100 Contact: James D. “Jamey” King, Jr. Email: Jamey.king@diligentbca.com Website: www.diligentbca.com Diligent evaluates bank loan por olios and individual credits or transac ons with diligence shaped by extensive banking, regulatory, credit and accoun ng experience (the principals have performed more than 200 evalua ons throughout the U.S. since 2010). The suite of services delivers a fully formed view of a bank’s credit culture, including ac onable measurement of risk and expected loss.

The firm’s due diligence supports buy-and-sell-side M&A ac vi es, loanpor olio purchase-and-sale transacons, ALLL valida on, CECL prepara on, shared-loss-agreement termina on, indemnifica on-asset review and internal-asset-review func ons. Diligent is independent – the firm is not aligned with other core banking processes or embedded in an exis ng bank-credit culture, and focuses on transac onal credit-related loan due diligence (www. diligentbca.com).

See Associates, Page 30 29

Welcome New Associate Members Direct Print and Marke ng 719 Holly Street Columbia, SC 29205 Phone: 803.530.7335 Contact: Stevens Walker Email: stevens@direct-pm.com DirectPrint & Marketing is a fast-growing commercial printing firm, with a core focus in the banking/ financial industry. With its produc on facility centrally located in Columbia, DPM can quickly and cost-effec vely produce and distribute print collateral throughout the Carolinas. Using awardwinning Web-2-Print technology, DPM builds custom online-ordering solu ons for printed items such as business cards, deposit slips and envelopes. Contact Stevens Walker to see if your bank qualifies for a no-cost online-ordering system, tailored specifically to your needs.

EDTS, LLC 411 University Ridge, Suite 2015 Greenville, SC 29601 Phone: 864.250.9112 Contact: Charles Johnson Email: cjohnson@edtsolu ons.com Website: www.EDTSolu ons.com EDTS is a regional technology-consul ng firm that specializes in providing managed IT services, network security and advanced-infrastructure solu ons to organiza ons across the Southeast.

Founded in 1999, the rapidly growing firm prides itself on u lizing the latest in emerging technologies, hiring only cer fied experts and increasing clients’ profitability by reducing costs associated with informa on technology.

The company serves numerous clients across varied industries, from healthcare to manufacturing and distribuon. EDTS was named on the Inc. 5000 Fastest-Growing Private Companies in America for the sixth consecu ve year 30

and to CRN Magazine’s Top 25 on their 2015 Fast Growth 100 list.

Sen nel Risk Advisors, LLC 4700 Six Forks Road, Suite 200 Raleigh, NC 27609 Phone: 855.490.2528 Contact: Mike Carlton Email: mcarlton@sen nelra.com Website: www.sen nelra.com Sen nel Risk Advisors recognizes the specialized insurance requirements of the banking and financial services industries, and possesses the intellectual capital and prac cal experience needed to ensure appropriate insurance risk management solu ons. We u lize a customized team approach for each client, composed of industry experts and skilled professionals.

Our understanding of the financial services field is expanded by the experse of several former banking industry execu ve team members. We provide a comprehensive offering of property and casualty insurance and risk manage-

ment services to our clients. This begins by analyzing our clients’ risk profiles and crea ng solu ons with a solid understanding of their business. We place coverages with the appropriate carriers to meet our clients’ specific needs.

A tailored service plan is designed for each client, and includes points of accountability, risk management, loss preven on and value-added communica ons.

The NBS Group 100 Old Common Wethersfield, CT 06109 Phone: 860.436.6149 Contact: Mark B. Shaw 1006 Whi ield Pt. Anderson, SC 29626 Phone: 860.460.9465 Email: mshaw@thenbsgroup.com Website: www.thenbsgroup.com The NBS Group LLC is a fullservice management-consul ng firm that partners with community and regional financial ins tu ons to provide solu ons to complex

Notification of Non-Renewing S.C. Bankers Association Members The South Carolina Bankers Associaon reports that the following companies are no longer SCBA associate members.

Please update your lis ngs to reflect these changes.

We thank these companies for their past support.

The SCBA would welcome each of these companies to rejoin the Bankers Associa on as associate members again.

The non-renewing companies are: • • •

Site Tech Systems; Janney Montgomery Sco LLC; Valua on Management Group; LLC;

• • •

Vision So ware Solu ons; Your Marke ng Co.; and Lexington Medical Center Foundaon.

To find out more about South Carolina Bankers Associa on associate membership or to become a preferred vendor, please contact SCBA Senior Vice President Carolyn Laffi e at 803.779.0850 or through email at carolynlaffi e@scbankers.org.

Welcome New Associate Members challenges and opportuni es in a mely and cost-effec ve manner. NBS professionals have been providing advisory, technology, strategy, opera onal efficiency, assurance and project-support services to community and regional banks across the country for more than 25 years.

Most NBS professionals are experienced former bankers with more than 20 years of industry experience. The NBS execu ve team and staff members possess extensive knowledge of banking strategies, opera ng and technology environments based upon our first-hand experience with numerous financial ins tu on clients of all types and sizes.

NBS resources have been figura vely “in your shoes” and faced many of the same decisions and challenges that you confront today.

Our fundamental understanding of all aspects of the financial environment

equips us to help you make the right decisions and accomplish your objecves. The NBS Group offers an array of services designed to improve performance and profitability, and help cope with an increasingly stringent regulatory environment.

Please visit our website at www.thenbsgroup.com to learn more about the capabili es of The NBS Group and how we can assist your ins tu on.

Triumph Mortgage 1125 Schilling Blvd. E., Suite 100 Collierville, TN 38017 Phone: 478.357.4441 Contact: Skip Willcox Email: swillcox@triumphmortgage.com Website: www.triumphmortgage.com Triumph Mortgage partners with community banks

of all sizes to help increase their mortgage products in order to compete on a broader scale. We do this by offering a full spectrum of custom-tailored wholesale and correspondent services that can grow a bank’s resources seemingly overnight.

Formerly Community Bankers Mortgage Group (CBMG), Triumph Mortgage is a subsidiary of Germantown, Tenn.based Triumph Bank. Founded in 2006, Triumph Bank has remained strong in earnings, capital and growth, with a reputa on as one of the most financially sound community banks in the Mid South and beyond.

Now more resourceful than ever, Triumph Mortgage con nues to significantly grow and maintain its partnerships. Throughout it all, we remain uncompromisingly true to the community bank ideals of flexibility, responsiveness, service and rela onship.

Make Your Shareholders HAPPY! Use our C&I Program to instantly add loan growth and diversification.

Contact your representative today or email to CI@centerstatebank.com 5960 Fairview Road, Suite 400 Charlotte, North Carolina 28210 704.496.2612 www.c sbc or re spond e nt.c om 31

Good Samaritans Anderson Brothers Bank Anderson Brothers Bank helped sponsor the second annual “Law Enforcement Apprecia on Dinner” for the law enforcement officers of Marion and Dillon County, Jan. 19, 2016. The event was held at Hidden Acres in Marion and was a ended by more than 150 individuals.

“This event gave us the chance to come together with community leaders to learn about community needs and to show support for the du es Law Enforcement perform to protect each of us,” said Susan Grant, marke ng officer for Anderson Brothers Bank. “This is just a small way of showing them we support and appreciate the service they provide.”

CresCom Bank CresCom Bank sponsored the annual Walk for Au sm April 16 in Charleston.

This marked the sixth year the bank has sponsored the event. The walk raised proceeds to help provide financial support for the treatment and intervenon of au sm through behavioral and rela onal development programs.

educa onal opportunity, which is vital to con nued growth and success along the Grand Strand.”

South State Bank South State Bank recently made a $10,000 dona on to Plant It Forward, part of the bank’s ongoing effort help rebuild South Carolina communi es in the a ermath of last October’s floods.

Plant It Forward was established to mi gate some loss for the agriculture communi es as a result of the floods and provide assistance to farmers in the next plan ng season by reimbursing them for a percentage of the cost to replant crops destroyed by the flood.

“The work being done by Plant It Forward is vital to the survival of farmers around our state,” said John F. Windley, president and CEO of South State Bank.

“We are pleased to be able to partner with them to support this project.”

Plant it Forward SC, an ini a ve of South Carolina Advocates for Agriculture, will provide relief funds specifically for covering a por on of seed costs for 2016, as well as hay losses livestock farmers suffered because of the flood.

Total agricultural losses from October’s flooding are approaching $600 million.

State Bank Chief Financial Officer John Pollok and is open to teachers of kindergarten through second grade.

“In today’s society, children grow up without the necessary skills to manage money. The Minor Savers Program was developed to create a fun and engaging way to mo vate children to learn,” Pollok said. “Our goal is to help create a passion for learning and build a founda on for success as they con nue in school.”

As part of the presenta on, students learn the history of the penny, nickel, dime and quarter. Then students receive a bank and one of each coin to start saving. In an effort to keep the program interes ng, new features and informa on are added each fall. To date, South State Bank has invested more than $79,000 in the Minor Savers Program.

Wells Fargo Wells Fargo recently donated $10,000 to Home Works of America, with funds to go toward home repairs and suppor ng homeowners in Columbia. The mission of Home Works of America is “to show God’s love through service to others, by repairing the homes of elderly and disabled homeowners, asSouth Atlan c Bank sis ng youth in their development, and South Atlan c Bank presented Horryempowering communi es to care for South State Bank’s Minor Savers Georgetown Technical College with a their own members.” Since 1996, Home Program reached a milestone in March $1,000 annual dona on to support the Works has repaired more than 2,600 when the 10,000th student completed school’s Business Management prothe program. The Minor Savers Program homes through 38,000 volunteers. gram. South Atlan c Bank’s Community “Building strong and vibrant communiwas introduced 11 years ago by South Scholarship is to award to the en ty es, making a posi ve which best exemplifies difference and improvthe commitment to ing the quality of life for academic excellence and everyone is a mission service to the commuWells Fargo has always nity. believed is important,” “We are pleased to said Wells Fargo Midpartner with Horrylands Market President Georgetown Technical Holt Chetwood.

College in offering this “We are proud to supannual award,” said port Home Works of Barbara W. Marshall, America in their efforts senior vice president to empower our comand director of marketmunity by repairing ing for South Atlan c homes in need and asBank. “With this scholarship, South Atlan c Bank South State Bank CFO John Pollock surrounded by students from Hya Park sis ng youth in their deElementary School in Columbia in March. velopment,” he added. is helping to advance 32

South Carolina Bankers Association Education Calendar For more information, contact Anne Gillespie by phone at 803.779.0850, or by email at agillespie@scbankers.org.

TRID Triage Solu ons Session Date: May 5, 2016 Loca on: Downtown Marrio Hotel Columbia, S.C. Asset Liability Conference Date: May 10, 2016 Loca on: Inn @ USC Wyndham Gardens Columbia, S.C.

June 2016 Annual Conven on & Trade Show Date: June 12-15, 2016 Loca on: The Sanctuary Kiawah Island, S.C.

July 2016 South Carolina Bankers School Date: July 10-15, 2016 Loca on: Lander University Greenwood, S.C.

September 2016 Women in Banking Symposium Date: September 28-29, 2016 Loca on: Charlo e, N.C. Bank Security Conference Date: September 14, 2016 Loca on: Downtown Marrio Hotel Columbia, S.C.

October 2016 Young Bankers Scholarship Golf Tournament Date: October 3, 2016 Loca on: Columbia Country Club Blythewood, S.C. Consumer Lending School Date: Oct. 19-20, 2016 Loca on: Columbia, S.C.

Community Bankers Forum Date: TBD Loca on: Columbia, S.C. Human Resources Conference Date: TBD Loca on: Columbia, S.C.

November 2016 Credit Conference Date: TBD Loca on: Columbia, S.C. Economic Development Conference Date: TBD

March 2017 Young Bankers Conference Date: March 10-12, 2017 Loca on: Ritz-Carlton Reynolds Lake Oconee, Greensboro, Ga.

June 2017 Annual Conven on & Trade Show Date: June 8-11, 2017 Loca on: Ritz-Carlton Naples Naples, Fla.

South Carolina Bankers Associa on (2009 Park Street) Post OďŹƒce Box 1483 Columbia, South Carolina, 29202-1483