| Market Capitalization (Millions $) |
- |
| Shares
Outstanding (Millions) |
13 |
| Employees |
286 |
| Revenues (TTM) (Millions $) |
56 |
| Net Income (TTM) (Millions $) |
10 |
| Cash Flow (TTM) (Millions $) |
8 |
| Capital Exp. (TTM) (Millions $) |
1 |
Business Description
Palmetto Bancshares Inc was a regional bank holding company based in Greenville, South Carolina. It operated through its subsidiary, Palmetto Bank, which provided a range of banking products and services to individuals and businesses in the Upstate region of South Carolina.
Palmetto Bancshares Inc was founded in 1907 and grew over the years through organic growth and acquisitions. It had several branch locations throughout its market area and offered services such as personal and business banking, mortgage lending, wealth management, and online banking.
In 2014, Palmetto Bancshares Inc entered into an agreement to be acquired by United Community Banks Inc, another regional bank holding company. The acquisition was completed in 2015, and Palmetto Bank was merged into United Community Bank, effectively consolidating its operations.
Today, Palmetto Bancshares Inc and Palmetto Bank operate under the umbrella of United Community Banks Inc, which is headquartered in Blairsville, Georgia, and serves customers across Georgia, North Carolina, South Carolina, and Tennessee.
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