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About Palmetto Bank:
Palmetto Bank, the 476th largest bank in the U.S., is headquartered in Laurens, SC. Palmetto Bank is the 7th largest bank in SC.
- Palmetto Bank lays claim to 32 branches across the U.S. and has 410 full-time employees.
- PALMETTO BANCSHARES, INC., the holding company of Palmetto Bank, was established on 8/17/1906.
- The net operating income of Palmetto Bank is $2 Million. $1.4 Billion is the total assets Palmetto Bank has.
- Palmetto Bank is just one of many thousands of banks across the United States - and if you're looking for the best CD Rates or High-Yield Savings accounts on an FDIC-insured account, having several banks bid against each other in a live auction is one of the most efficient ways to get great rates. Run a free, live auction: Compare Palmetto Bank to MoneyAisle's CD rates. The entire process only takes a couple of minutes.
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Palmetto Bank - Fast Facts
- Bank Legal Name: The Palmetto Bank
- FDIC #: 8997
- Headquarters: Laurens, SC
- Date Established: August 17, 1906
PALMETTO BANCSHARES, INC. - Financials
PALMETTO BANCSHARES, INC. is the holding company for Palmetto Bank
(FDIC #8997). Financials below apply to PALMETTO BANCSHARES, INC.
holding company.
|
Q4-08 |
Q1-09 |
Change |
| Rank in US by Asset Size |
470 |
476 |
6 |
| Total Assets |
$1,370 M |
$1,404 M |
$34 M |
| Cash & Balances Due from Depository Institution |
$29 M |
$68 M |
$39 M |
| Total Deposits |
$1,101 M |
$1,193 M |
$92 M |
| Total Liabilities |
$1,255 M |
$1,287 M |
$33 M |
| Net Operating Income |
$14 M |
$2 M |
$12 M |
| Net Interest Income |
$52 M |
$12 M |
$39 M |
| Branches |
32 |
32 |
0 |
| Employees |
405 |
410 |
5 |
Data from FDIC as of 12/31/2008 and 3/31/2009