COMMUNITYSOUTH BANK & TRUST REACHES $100 MILLION IN ASSETS
September 8, 2005, Easley, S.C. – CommunitySouth Bank & Trust announced today that the company has achieved $100 million in assets as of September 1, 2005.
“In less than seven and a half months since we opened, CommunitySouth has grown to a $100 million in total assets,” stated C. Allan Ducker, CEO of CommunitySouth Bank &Trust. “This phenomenal growth is a tribute to the overwhelming support of our community and customers.”
“We believe CommunitySouth to be one of the fastest growing community banks ever in South Carolina. To reach the $100 million in assets milestone typically requires a couple of years for most de novo banks,” said David Miller, President of CommunitySouth Bank & Trust. “These extraordinary results bear out that banking remains a business of people taking care of people. We will remain steadfast in our commitment to our customer focused business model as we continue to grow.”
Fueled by the largest initial public offering ever for a bank in South Carolina – $30 million – CommunitySouth operates a headquarters office in Easley and loan production offices in Spartanburg and Greenwood. With assets totaling $100 million, the company plans to open additional full service banking offices in Mauldin and Spartanburg during the fourth quarter of 2005. The bank offers a complete line of banking products and services, including commercial loans, consumer loans, mortgage loans, checking accounts, savings accounts, and certificates of deposit.
CommunitySouth Bank & Trust’s headquarters office in Easley is located at 6650 Calhoun Memorial Highway. For additional information about CommunitySouth Bank & Trust, call (864) 306-2540 or visit www.communitysouthbankandtrust.com.
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