With plans to expand throughout South Carolina, The Southern Bank announces the acquisition of property at 101 Cleveland St., Greenville, SC 29601. Set to open this summer, this location will be the bank’s first branch in the state.
The land and 575 sq. ft. structure was purchased from local investors for $562,500 and will receive an estimated $675,000 in renovations, furnishings and equipment.
Renovations on the Greenville property will provide an additional 439 sq. ft of space, including two drive-thru lanes, office spaces, a safekeeping room with deposit boxes, and a staff break room and bathroom. The overhaul will also add new brick, windows, doors and roofing to the structure’s exterior.
The Georgia-based company aims to fill the community banking gap in South Carolina, beginning with opening branches across the upstate region in the coming months.
The company’s leadership team members have strong ties from their long history of banking success in the area and look forward to bringing services back to those communities.
“The Southern Bank looks forward to serving the Greenville market with local hometown banking,” says Scott Frierson, President of The Southern Bank. “Not only is this the site of our first South Carolina branch, but also the former location of Carolina First Bank, an office I helped open many years ago. We are eager to welcome the Greenville community into our newest branch this summer.”
The company’s digital banking platform provides customers an omnichannel banking experience for both business and personal accounts, allowing them to bank from anywhere, at any time.