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Four S.C. banks make list of 'top community banks' |
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Thursday, 04 June 2009 |
Staff Report
CHARLESTON – The Bank of South Carolina Corp. leads the list of four banks in South Carolina to make the list of top 200 community banks in the United States, which appears in the June issue of US Banker and includes an analysis of data compiled by SNL Financial LC.
Bank of South Carolina , headquartered in Charleston, was ranked 41st on the list, followed by Palmetto Bancshares in Laurens at 46, Grandsouth Bancorporation in Greenville at 103 and CNB Corp. in Conway at 126.
The ranking is determined by the three year average return on equity. The Bank of South Carolina Corporation's three year average return on equity is 14.57%. The strong return on equity ratios of most of these community banks is reflected in their conservative involvement in real estate construction and development loans.
The number one ranked bank was HBancorporation, Inc. in Lawrenceville, Ill.
Published June 4, 2009
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