The Palmetto Bank, Financial Information

About The Palmetto Bank

 Address:
306 East North Street
Greenville, SC
Greenville County, South Carolina
 Established:
Aug 1906
 Number of domestic offices:
30
Total assets$1,146M
Net income$-2M
Net income, quarterly$3M
Total deposits$1,024M
Domestic deposits$1,024M
Equity capital$98M
ROA-0.15%
ROAQ, quarterly0.96%
ROA, pretax0.96%
ROAQ, quarterly, pretax0.66%
ROE-1.79%
ROEQ, quarterly11.44%
UpdatedApr 11, 2013

Terms and Definitions

  • Domestic deposits
    The sum of all domestic deposits, including demand deposits, money market deposits and time deposits.
  • Equity capital
    Total equity capital (includes preferred and common stock, surplus and undivided profits).
  • ROA
    Return on assets, net income after taxes and extraordinary items (annualized) as a percent of average total assets.
  • ROE
    Return on equity, annualized net income as a percent of average equity on a consolidated basis.

The Palmetto Bank opened its doors in Laurens, South Carolina, with a determination to offer convenient services, quality products and friendly advice. The Palmetto Bank transitioned the Corporate Headquarters to downtown Greenville, SC, in 2009. This positioned the Bank in the gateway location of the cultural, entertainment and banking center of the Upstate.

The Bank has a unique understanding of the Upstate market and delivers local decision making with greater responsiveness to clients. Through its Retail, Commercial and Wealth Management lines of business, the Bank specializes in providing financial solutions to consumers and small to mid-size businesses with deposit and cash management products, loans (including consumer, Small Business Administration, commercial, corporate, mortgage, credit card and automobile), lines of credit, trust, brokerage, private banking, financial planning and insurance. Recognized by several international publications for innovative client solutions, the Bank provides technology solutions that improve the client experience by providing clients the ability to bank whenever they want, wherever they want.