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Greer State Bank expands into Clemson

By Jim Fair, Editor
Published on Monday, July 28, 2014

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Greer State Bank is opening a mortgage office at Patrick Square in Town Center in Clemson. 
 

Artist Rendering

Greer State Bank is opening a mortgage office at Patrick Square in Town Center in Clemson. 

 

Greer State Bank is venturing into Clemson with a mortgage loan production office, an expansion of the company and the first time the bank has gone outside its traditional Greer/Taylors market.

Art Wray has been named Vice President and Mortgage Loan Officer for the office, which will be constructed at Town Center in Patrick Square. The office will be open in late September. More employees may be added at a later date, bank officials said.

“Greer State Bank is excited to expand our footprint in the Anderson, Oconee and Pickens area,” said George Burdette, President and CEO. “We look forward to building new relationships while providing the best mortgage services for these communities.”

Until construction of the new 1,000-square foot office is complete, Wray will operate from a satellite office, 107-3 Sloan Street, Suite A in downtown Clemson. The office is open for business.

Wray will focus on generating new mortgage loan originations through his realtor, builder and past client relationships.

“Art Wray has over 25 years of mortgage lending experience in this targeted area,” said Tim Strom, Mortgage Director for the bank. “He offers conventional, government, and construction lending. Art is very involved in the Clemson community and we are fortunate to have him join our mortgage team.”

“I am excited to be part of the Greer State Bank team and look forward to what I believe will be a long and successful relationship,” Wray said.

Wray was the past chair of the Clemson Area Chamber of Commerce and past recipient of the Duke Energy Citizenship and Service Award. He and his wife, Lisa, and their two children reside in Clemson and attend Clemson United Methodist Church.

Greer State Bank has had a momentous 2014 to date, working itself out of a consent order, paying its entire TARP balance of $9.9 million with interest last week, ranked No. 12 by American Banker magazine based on a 3-year return on equity, hired an internal public relations person, and reported its 11th consecutive quarterly profit. Six new employees have been hired this year and another half dozen have been promoted in the past 18 months.

Greer Bancshares (GRBS) traded at $8.50 at closing today, 21.43 percent higher or $1.50 higher than the previous closing.

 

 

 

 

 

Businesses mentioned in this article.

Greer State Bank

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