- Associated Press - Tuesday, June 2, 2015

GREENVILLE, S.C. (AP) - Greenville-based CertusBank is closing its downtown headquarters and is selling its operations.

The bank has been struggling amid regulatory concerns and financial losses.

CertusBank said Monday that it has agreements to sell its deposits, certain loans and branches in South Carolina, Georgia and Florida.

CertusBank says customers can expect operations to continue normally throughout the sale, which is expected to happen by the end of the year.

The High Point-based Bank of North Carolina says it’s taking over all of CertusBank’s South Carolina locations, except for the downtown Greenville headquarters.

Community & Southern Bank in Atlanta is buying certain loans and deposits from 15 CertusBank locations in Georgia and Florida.

CertusBank said the sale provides the best possible outcome for customers, communities, employees and stakeholders.

LOAD COMMENTS ()

 

Click to Read More

Click to Hide