Thursday, July 27, 2017
South State Bank annouces $100 million low-income mortgage initiative
HBA member South State Bank announced this week a $100 million initiative to offer mortgages to consumers in low- to moderate-income and minority areas.
The $100 commitment, which is planned over a five-year period, will target the bank's combined markets following its merger with Park Sterling Bank, another HBA member. The combined bank will serve South Carolina, Georgia, North Carolina, and Virginia, with a strong presence in the Greater Greenville area.