Company News
BankMeridian Celebrates Second-Year Anniversary
With More Than $260 Million in Assets
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Columbia, SC, June 11, 2008 - BankMeridian, which recently celebrated its second year anniversary, is pleased to announce it has reached more than $260 million in total assets. The bank opened on May 18, 2006 as the largest de novo bank capitalization ever in South Carolina. It held its second annual meeting of shareholders on May 27, 2008, at the Meridian Building in Columbia.
Even in a lackluster economic environment, the Bank has performed exceedingly well compared with peer banks. A recent Community Banker De Novo Yearbook 2008 report showed that BankMeridian ranked among the top de novo banks that opened nationwide in 2006 in asset growth and returns on average assets and equity. In addition, the Danielson Capital, LLC-New Bank Report published March 2008 showed that of 17 banks and thrifts in the Carolinas in 2006, BankMeridian is the second largest in total assets and the most profitable of the class at the end of 2007.
BankMeridian President and CEO, Ashley Houser, credits the bank’s strong performance on its relationship-driven business model. "We are pleased with our growth," said Houser. "It demonstrates that our clients, who are mostly small to mid-size businesses and professionals, appreciate the personalized service and local decision-making we provide."
BankMeridian currently has three full-service locations in South Carolina. The bank is headquartered in its Columbia office at 1320 Main Street in the Meridian Building. The bank has a location at 1036 William Hilton Parkway on Hilton Head Island, and in downtown Spartanburg, at 122 South Liberty Street.
About BankMeridian
BankMeridian is a full-service bank with a unique business model that focuses primarily on providing superior service for small to mid-size businesses and professionals. Local bankers customize the financial solution that is best for each client in a non-traditional bank setting. Experienced local decision-makers handle even the most complex financial situations quickly. BankMeridian has a 19-member Board of Directors that includes some of the most reputable names in South Carolina business. The bank has approximately 400 shareholders. For more information on BankMeridian, visit bank-meridian.com.
Locations:
Columbia - 1320 Main Street, Suite 175, Columbia, South Carolina 29201, 803.753.7700
Hilton Head Island - 1036 William Hilton Parkway, Hilton Head Island, South Carolina 29928, 843.842.9444
Spartanburg - 122 South Liberty Street, Spartanburg, South Carolina, 29306, 864.585.8686