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Carolina Bank moving to downtown Florence

on Tuesday, 20 September 2016. Posted in News, Local News

Carolina Bank moving  to downtown Florence

A South Carolina banking institution with roots deep in the Pee Dee is moving to Florence announced bank officials last week. Carolina Bank will relocate the bank’s headquarters and administrative offices, along with a new retail branch, to downtown Florence to better serve the expanding Florence market. The move, which will take place in the Fall of 2017, is only the first phase of a far-reaching growth plan that also includes modernizing existing branches and introducing new technological products and services.

Carolina Bank will continue to operate its retail branch in Darlington. “This move will allow us to provide more focused service to our customers and potential customers in a growing market. The development downtown is exciting and we are thrilled to be a part of it,” said Rick Beasley, president of Carolina Bank. “However, we remain committed to our customers in Darlington and our other branch locations.

We will continue to serve our communities with the exceptional customer and banking services they have come to expect from us.” Under the expansion plan, Carolina Bank will shift its administrative and training staff, as well as the lending, information technology, and mortgage departments, to a new location at 185 West Evans Street by the Fall of 2017. Though most of the employees will relocate from the current headquarters, up to 20 new positions will also be created.

The move involves a significant investment in the Florence community. Carolina Bank expects to expand the building to 19,200 square feet as it revitalizes and redevelops 185 West Evans Street. Other aspects of the bank’s plan include reinvesting in and renovating existing branches while expanding the range of technological offerings and support for its customers. “Last year was a successful year for the bank. We are going to build on that momentum by investing in our communities and our future,” said Beasley.

“We are pursuing new markets while strengthening our established markets, ultimately ensuring community banking is our customer’s best option.” Founded 80 years ago in Lamar, SC, Carolina Bank is a family-owned bank that has grown to 14 banking locations in 11 South Carolina communities with more than $440 million in assets. The bank offers a wide range of personal and commercial banking services, including extensive insurance, retirement and investment services.

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