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GrandSouth Bancorporation reports Q4 growth

Banking & Finance
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Greenville-based GrandSouth Bancorporation, the holding company for GrandSouth Bank, had fourth quarter growth in total assets of $35.9 million, or 4.85%, bringing total assets to $776.2 million as of Dec. 31, according to a news release.

The asset growth was “primarily driven by an increase in gross loans” of $30.1 million, or 4.76%, for the quarter, the release said, with the Orangeburg and Charleston markets leading the way, representing 83.33% of the growth for the quarter. The company finished 2018 with growth in total assets of 20.29%, or $111.9 million, for the year.

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