| Market Capitalization (Millions $) |
- |
| Shares
Outstanding (Millions) |
54 |
| Employees |
493 |
| Revenues (TTM) (Millions $) |
137 |
| Net Income (TTM) (Millions $) |
30 |
| Cash Flow (TTM) (Millions $) |
24 |
| Capital Exp. (TTM) (Millions $) |
6 |
Business Description
Park Sterling Corp is a financial institution that offers various banking and financial services to individuals and businesses. The company was founded in 2006 in Charlotte, North Carolina, and has grown to become a reputable financial institution in the Southeast region of the United States.
The company operates through two main business segments - Community Banking and Mortgage Banking. Community Banking includes services such as deposits, loans, and wealth management, while Mortgage Banking includes loan origination, servicing, and secondary market activities.
Park Sterling Corp offers a range of deposit products such as checking accounts, savings accounts, and money market accounts. The company also offers various types of loans, including residential mortgages, commercial loans, and lines of credit. Additionally, Park Sterling Corp provides financial planning and investment management services through its wealth management division.
The company has a strong focus on technology and offers online and mobile banking services to its customers. Park Sterling Corp also operates a network of over 50 branches across North and South Carolina, Virginia, and Georgia.
In 2017, Park Sterling Corp was acquired by South State Corp, a bank holding company in South Carolina. The combined company operates under the South State Bank brand and has over $34 billion in assets.
Park Sterling Corp has received numerous awards and recognitions over the years, including being named one of the "100 Best Banks in America" by Forbes in 2015 and 2016. The company also has a strong commitment to giving back to its communities through various charitable initiatives and volunteer efforts.
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