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West Columbia receives financial wellness grant
The city of West Columbia and the town of Springdale will use the $20,000 grant from the Wells Fargo Foundation to offer classes and provide training materials to more than 250 government employees.
Optus Bank receives $50 million in deposit funding from PayPal
The Columbia-headquartered bank is the first recipient of a $530 million commitment to support Black and minority-owned businesses and communities announced in June by the online payments system operator.
Cash versus credit: Businesses face several considerations
While there is no federal requirement that businesses accept cash, there are reasons some states have passed such legislation, legal observers say. A coin shortage fueled by the pandemic has brought the issue into focus.
Pandemic brings financial concerns into focus
A Columbia-based financial advisor recommends giving each dollar an assignment as a way to keep household budgets on track. Prudential's Rosalyn Glenn also says the pandemic exposed a general lack of preparedness.
SC Housing expanding homeownership program
The Palmetto Heroes program will now include essential workers such as medical professionals, grocery store employees and delivery drivers. Qualifying participants can receive low-interest loans and down payment assistance.
Dominion Energy reports first-quarter net loss of $270 million
The company reported a GAAP net loss of 34 cents per share and operating earnings of $1.09 per share, compared with a loss of 86 cents per share and operating earnings of $1.10 per share for the first 3 months of 2019.
Aiken launches $1 million small-business loan program
The city of Aiken has created a $1 million loan program to tide over small businesses until federal aid reaches them.
SAFE Federal Credit Union opens new branch
The branch on Brevard Parkway in Red Bank is the credit union's second location in Lexington County. The Sumter-based organization now has 17 branches, including Columbia and West Columbia locations.
Experts: It’s never too late to plan for retirement
Financial advisers say it's not uncommon for clients to worry about not having done enough retirement planning later in life, but they urge taking action, no matter how late in the game.
Optus Bank rebuilding with a focus on its money’s mission
Founded in 1921 as Victory Savings Bank, the bank has a proud but rocky history. After surviving the Great Recession, the bank has increased assets and deposits and is making a profit while investing in underrepresented communities.
South State Corp. combining with Florida bank
Columbia-based South State is combining with CenterState Bank in an all-stock deal valued at $6 billion. The new organization will be headquartered in Winter Haven, Fla.
Bank emphasizes mission on Martin Luther King Jr.’s birthday
State and national dignitaries gathered Monday to mark Optus Bank's growing role as a community lender and minority business supporter. The bank was founded in 1921 as Victory Savings Bank, the first black-owned bank in South Carolina.
