The Bank of South Carolina Corp. will be opening a fifth office at 9403 Highway 78, North Charleston, in November.
“We look forward to the opening of our North Charleston office next month," Fleetwood S. Hassell, President of the Bank of South Carolina, said in a press release. "This location will continue our model of strong asset quality, consistent earnings growth, stable capital and investment in our bankers and the communities they serve."
The bank also announced strong third-quarter earnings for 2019. BSC reported an unaudited earnings of $2,014,791, or $0.36 basic and diluted earnings per share, for the quarter ended Sept. 30 – a 13.31-percent increase, or $236,638, from earnings for the quarter ended Sept. 30, 2018.
Hassell said the bank’s Q3 earnings represent a record for the corporation, due to stronger deposit growth and improved mortgage activity coupled with reasonable loan demand. He also noted that the bank is ahead of its profit plan for 2019 and the three- and nine-month periods as compared to 2018.