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South Carolina: Banks’ Economic Impact

Banks support South Carolina’s economy with consumer, business and other loans, and by providing more than 26,000 people with a rewarding place to work.

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  • 26,357Employees

  • $2.3 BTotal Annual Compensation & Benefits

  • $88,881Average Total Compensation & Benefits

  • 47Banks Headquartered in State

Source: Estimates based on ABA 2019/2020 survey data



  • $3.9 BSmall Business Loans Outstanding

  • $13.1 BNew Home Loans Booked in 2018

  • 57,831Number of New Home Loans in 2018

  • $165,000Median New Home Loan Size in 2018

  • $1 BSmall Farm Loans Outstanding

South Carolina Banks Step Up

South Atlantic Bank helped small business clients in South Carolina secure PPP loans while taking precautions to keep their customers and employees safe.

Source: Estimates based on ABA 2019/2020 survey data, HMDA



  • 3.9 MTotal Customers

  • $89.4 BDeposits

  • 3.6 MConsumer

  • 217.8 KSmall Business

  • 7.7 KSmall Farm

  • 76Banks Operating Branches

  • 1,193Branches & Offices

South Atlantic Bank Fights Phishing

One look at their Facebook, Instagram and LinkedIn pages will show that South Atlantic Bank in Myrtle Beach, SC is enthusiastic about ABA’s #BanksNeverAskThat campaign. They shared important anti-phishing messaging with both customers and employees so that everyone who interacts with the bank knows how to converse about the threat of phishing.

Source: Estimates based on ABA 2019/2020 survey data, FDIC branch deposit data

Giving Back

Giving Back

  • 165.7 KVolunteer hours

  • $49.3 MCommunity Donations

Source: Estimates based on ABA 2019/2020 survey data. Does not include individual employee donations.

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