GREER STATE BANK
Greer State Bank reports profit, surge in mortgage growth
FEB 1, 2016
Greer Bancshares Incorporated, the parent company of Greer State Bank, Monday reported annual net income attributable to common shareholders of $2.94 million or $1.18 per diluted common share.
“The growth and changes in the composition of the balance sheet, along with a good local economy, position the bank for continued improvements in financial performance in 2016,” Rick Medlock, interim President and CEO stated.
DOWNLOAD: Roster & Stats for Tonight's Riverside vs Greer Game
SEP 4, 2015
Greer State Bank donation benefits Chandler Creek, Greer Middle School
JUL 14, 2015
Communities In Schools of Greenville received a $2,500 donation from the Greer State Bank Foundation.
The donation will help students at Chandler Creek Elementary and Greer Middle School to engage in the Greer community, develop real-world academic skills, and to serve others through volunteer projects.
Greer Bancshares reports 2nd quarter profit, annual dividend
JUL 10, 2015
Greer Bancshares Incorporated, the parent company of Greer State Bank, Friday reported second quarter net income attributable to common shareholders of $755,000 or 30 cents per diluted common share. That compared to 2014 comparable dates with a second quarter net income of $434,000 or 17 cents per diluted common share.
Second quarter net income in 2015 was positively affected by $153,000 in gains on the sale of securities.
Customers treated to picnic lunch at Greer State Bank
JUN 21, 2015
A picnic was held Friday for Greer State Bank customers at its home office on Poinsett Street.
Richard Medlock, interim president and CEO, made the rounds with customers. Bank employees served as hosts.
Burdette leaves Greer State Bank, Medlock named interim president/CEO
JUN 12, 2015
Greer State Bank has had a change in its leadership, effective immediately.
George Burdette, president and CEO of the Greer Bancshares, Inc. and its subsidiary Greer State Bank, has decided to forego the renewal of his employment contract. J. Richard Medlock, has been named interim president and CEO.
Melody and Mark Owens presented 'Chief's Award'
JUN 5, 2015
Greer Police Chief Dan Reynolds presented Melody and Mark Owens the “Chief’s Award” at the Greater Greer Chamber of Commerce First Friday luncheon at the Cannon Centre.
Melody Owens, of Greer State Bank, and Mark Owens, President/CEO of the Greer Chamber of Commerce, were recognized for their support at the Greer Police Department’s annual awards event.
GCM awarded $5,000 from Greer State Bank Foundation
JUN 5, 2015
The Greer State Bank Foundation awarded a $5,000 donation to Greer Community Ministries at the First Friday luncheon at the Cannon Centre.
President and CEO George Burdette of Greer State Bank presented GCM Executive Director Cindy Simpler and Krista Gibson with the the oversized commemorative check at the Greater Greer Chamber of Commerce event.
Franseen hired as assistant VP for Greer State Bank mortgage
JUN 2, 2015
Brad Franseen has been hired as assistant vice president, mortgage loan officer at Greer State Bank Mortgage.
Franseen, with more than 14 years in the mortgage industry and will serve in the Taylors Branch. He will be responsible for developing relationships with customers, realtors, builders, and other sources for the origination of residential mortgages loans.
Education Foundation awards $13,000 in scholarships
MAY 20, 2015
The Greater Greer Education Foundation awarded $13,000 in scholarships to 13 students from six high schools in the Greater Greer area Tuesday afternoon at Greer City Hall. Students were selected by the guidance department of each school and submitted to the Foundation. The Foundation in turn will present scholarship funds to the technical school or college on behalf of the student.
The scholarships fall into two categories: undesignated scholarships given by donors to the Foundation for study in particular fields and scholarships made possible by the contributions to the board’s scholarship fund.
Greer Bancshares Inc. trails first quarter net income FY 2014
APR 22, 2015
Greer Bancshares Incorporated, the parent company of Greer State Bank, Wednesday reported quarterly net income attributable to common shareholders of $761,000 or 31 cents per diluted common share, as compared to the prior year first quarter net income of $1.153 million or 46 cents per diluted common share.
Fiscal year 2014 was aided significantly by $579,000 of gains on the sale of securities compared to $247,000 in the current period and the reversal of $700,000 of previous loan loss provisions compared to none in the current period.
$3,000 donated to Taylors Free Medical Clinic
APR 13, 2015
Taylors Free Medical Clinic is the recipient of a $3,000 donation from the Greer State Bank Foundation. Greer State Bank has been a supporter of Taylors Free Medical Clinic for nearly 10 years.
Greg Sisk, senior vice president and Taylors Community Executive for the bank, served on the original steering committee that started the clinic. He then served on the board of directors for six years. “We are proud to once again be a partner with the clinic in fundraising efforts for the increasing demand for their services,” said Sisk.
$20,000 makes Greer Relief the big winner
MAR 26, 2015
More than $20,000 was raised at this year’s “A Night in Monte Carlo” fundraiser to benefit Greer Relief & Resources.
A casino-like Cannon Centre hosted guests playing games of chance and skill and bidding on prizes and a silent auction.
Greer Relief beneficiary of inaugural Greer State Bank Foundation gift
MAR 24, 2015
The Greer State Bank Foundation presented a $2,500 check to Greer Relief during the non-profit's A Night at the Monte Carlo gala.
Greer State Bank, a supporter of Greer Relief for years, made its first donation from the bank’s foundation funded by bank employees and its board of directors. Greer Relief’s “Manage the Crisis” is the beneficiary that helps provide the equivalent of case management and referrals to 180-plus households.
Horner joins Greer State Bank as BSA specialist
MAR 3, 2015
Ben Horner has been hired as Bank Secrecy Act (BSA) specialist at Greer State Bank.
Horner is responsible for ensuring the bank remains compliant with all BSA requirements, as well as assist with BSA reporting and monitoring requirements/implementation of the bank’s BSA Compliance Program.
Looby, Carroll join Greer State Bank mortgage division
FEB 9, 2015
Bill Looby and Ellie Carroll have been added to the Greer State Bank mortgage division.
Lobby is vice president and mortgage loan officer, and Carroll is a mortgage loan processor.
Harvey awarded Citizenship and Service honor at annual chamber banquet
JAN 23, 2015
Chief Chris Harvey of the Greer Fire Department was honored as the recipient of the Citizenship and Service Award at the 77th Annual Greater Greer Chamber of Commerce Thursday night.
Just hours earlier Harvey’s retirement was officially announced for May 1, ending a 38-year career with the Greer Fire Department.
Greer State Bank provides annual report
JAN 22, 2015
Greer Bancshares Incorporated, (GBRS) the parent company of Greer State Bank, Thursday reported annual net income attributable to common shareholders of $3.03 million or $1.22 per diluted common share, as compared to the prior year (Dec. 31, 2013) net income of $8.20 million or $3.30 per diluted common share.
The prior year was aided significantly by a credit to the loan loss provision for $1.7 million, as well as a net tax benefit of $3.8 million due to the non-cash reversal of the deferred tax asset valuation allowance.
Greer State Bank introduces new charitable foundation
JAN 14, 2015
Greer State Bank announced a new foundation to benefit the Greater Greer area.
The foundation is supported from 100 percent participation among the bank’s employees and received more than $40,000, beyond its 30-day goal, in contributions and commitments.
Joys of Christmas: Carter Staggs has all the right answers
DEC 17, 2014
One of my favorite Christmas memories was that of last year when my son, Carter Staggs, was only 5 years old.
During the children’s Christmas program at our church, the pastor talked about the candy cane and asked, “Does anyone know the meaning of the candy cane?” Carter answered, “YES!” He proceeded to tell our Pastor in detail the reason for its shape and colors. My husband and I were so proud to know that not only did he understand the true meaning of Christmas, but could share this message with others!
Trending: Greenville-Spartanburg International Airport, Obituaries, Chon Restaurant, Allen Bennett Hospital