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Deadline to file Equifax claim nears
Consumers who may have had personal and financial information compromised in a 2017 data breach have until Jan. 22 to file a claim in a class-action settlement. More than 2.3 million S.C. residents may have been affected.
Statewide economic growth expected to continue in 2020
At the annual University of South Carolina Economic Outlook Conference in Columbia, Darla Moore School of Business economists predicted continued growth in 2020, but not at the rate the economy has expanded in the past 10 years.
Optus Bank receives national award
The Columbia-headquartered bank is one of 113 nationwide to receive a Bank Enterprise Award, recognizing investments in economically distressed communities, from the Community Development Financial Institution.
Wealth adviser, author to speak at event
Coventry Edwards-Pitt, partner and chief wealth advisory officer at Ballentine Partners LLC, will share financial and life lessons from her book at an event hosted by the Central Carolina Community Foundation on Tuesday.
Study: Closing costs in Richland County are sizable
A new study by personal finance website WalletHub found that homebuyers in Richland County pay 2.4% of their homes' median value in closing costs, highest among S.C. counties with the top 10 median home values.
Dominion offering cash tender for debt securities
The Dominion Energy South Carolina offer applies to up to $400 million aggregate principal amount of 3 First Mortgage Bonds due. It is set to expire Sept. 25.
Banks reaching out to underserved communities
New programs and a heightened focus are aimed at reaching S.C.'s unbanked population, which a recent FDIC survey showed decreased from 2013 to 2017.
United Community Bank joins Columbia banking scene
The Georgia-headquartered bank, with $12.7 billion in assets, expanded to the Upstate in 2015 and the Lowcountry in 2016. It is currently assembling its Midlands leadership team.
Operation HOPE opens first location in South Carolina
Operation HOPE offers free financial counseling, small business advice and credit improvement services to people who don't have experience with banking or financial management.
Memphis bank acquires student housing complex
Financial Federal Bank arranged $24.3 million in acquisition funding for Stadium Suite Apartments, located near Williams-Brice Stadium. The 264-unit complex was built in 2004.
S.C. Community Bank now officially Optus Bank
The name change comes after the bank saw its first year of profitability and growth in 10 years in 2018, according to a news release. The bank's total assets increased by 25% last year.
Conference to share financial literacy tips with college students
The inaugural Bankroll Summit, presented by local nonprofit Know Money, will feature presentations and exercises to help millennials manage and eliminate debt. It will be held Wednesday at Central Energy in the BullStreet District.
