Business
GBI reports 80 percent increase
Greer Bancshares Incorporated, the parent company of Greer State Bank, reported a first quarter net income of $1,153,000 or $0.46 per diluted common share, an 80 percent increase over the prior year first quarter net income of $641,000 or $0.26 per diluted common share.
Saving priorities
Q: I noticed that your Baby Steps list puts saving for retirement before saving for your kid’s college fund. Sending your kids to college would come first on the timeline, so what is your reasoning behind this?
No CDs for kids
Q: Would it be a good idea to open CD accounts for my two small children?
Your bank's advice is bad
Q: I want to roll over a 401(k), and my bank is encouraging me to roll it over to fixed annuities. Is this a good investment?
Holistic medical facility opens on West Poinsett
A new holistic medical facility opened its doors in Greer last week and , to commemorate the occasion for GreenHouse Center, located at 1015 W. Poinsett St., a ribbon cutting was held on Thursday.
Greenville credit union to open
Residents of Greenville County will soon have a new source for financial products and services.
CommunityWorks Federal Credit Union, the National Credit Union Administration (NCUA) will soon host its grand opening. This will be the first credit union NCUA has chartered in South Carolina in fifteen years.
Extravagant giving, foolish spending?
Q: My husband and I are debt-free, and we have several hundred thousand dollars in savings. We pay for our children and grandchildren to visit during Christmas each year, but my mother thinks this is foolish spending. What do you think?
Paul Davis hires new employees
Paul Davis Restoration and Remodeling of the Upstate has announced the hiring of two new employees. Chad Mack and Steve Kauffman have joined the company as project managers and will serve customers in Paul Davis’ Upstate service territory, which includes nine counties.
Greer Bancshares Incorporated pays down debt
Greer Bancshares Inc., the parent company of Greer State Bank, recently announced that it has repurchased $3,150,000 of its TARP preferred stock from the U.S. Treasury. The repurchase was made at full face value after paying all deferred TARP dividends.