Coastal Carolina National Bank (CCNB), headquartered in Myrtle Beach, S.C., plans to relocate its headquarters to a prominent location on the corner of 38th Avenue North and Grissom Parkway. The new location is expected to open on February 4, 2013. The current location at 2305 Oak Street, will remain open until the relocation is complete.
The new headquarters building, located at 1012 38th Avenue North in Myrtle Beach, will be named the “CCNB Center.” CCNB will have its 8,100 square foot branch office on the first floor and also occupy half of the third floor. The new headquarters will include a customer- centric bank lobby, a 24-hour ATM, as well as drive-through window service. This new location is significantly larger than CCNB’s original location, and will be easier for customers to access.
“The new location will make CCNB more visible in the community,” said Laurence S. Bolchoz, Jr., president and chief executive officer of Coastal Carolina National Bank. “It will also be more convenient for our customers, who can now approach us off two major roadways, 38th Avenue North and Grissom Parkway. These are exciting times for CCNB. We’ll be opening our Garden City branch in January and we’ve had a profitable third quarter. Our business is growing and the new headquarters location will give us the flexibility to expand as needed. We appreciate the support of our customers whose loyalty to CCNB has provided us with the opportunity to grow.”
Stephanie Springs English Branch Manager of New Branch in Garden City
Coastal Carolina National Bank (CCNB) in Myrtle Beach, S.C., has named Stephanie Springs English as branch manager of CCNB’s newest location in Garden City. She will play a key role in the growth and development of CCNB’s newest branch along the South Strand.
Prior to joining CCNB, English worked at DSL Marketing as an account executive. In addition, she has several years of experience in the banking industry along the Grand Strand.
“We are pleased to have Stephanie as the branch manager of our Garden City location,” said Laurence S. Bolchoz, Jr., president and chief executive officer of Coastal Carolina National Bank. “As an experienced community banker, she understands the importance of relationship banking. As a native and current resident of the South Strand, she is also familiar with the needs of its residents. Working closely with our South Strand manager, Kyle Hawley, we anticipate that she will play a pivotal role in the success of our newest location, and in our future growth along the South Strand.” Continue reading “Coastal Carolina National Bank Names Stephanie Springs English Branch Manager Of New Garden City Location” »
Kyle Hawley Named South Strand Manager – Vice President
Coastal Carolina National Bank (CCNB) in Myrtle Beach, S.C., has named W. Kyle Hawley South Strand Manager – Vice President of CCNB’s newest branch in Garden City. His primary focus will be leading the new Garden City team and developing new relationships for CCNB on the South Strand.
Hawley is very familiar with the South Strand. Prior to joining CCNB, he worked in the banking industry in the Surfside and Pawleys Island markets, most recently as a commercial lender in Pawleys Island.
“We are pleased to have Kyle as a member of the Coastal Carolina National Bank team,” said Laurence S. Bolchoz, president and chief executive officer of Coastal Carolina National Bank. “As a lifelong resident of the area and an active member of the community, he understands the needs of its residents and has already established relationships with members of the community. As CCNB continues to grow and serve the South Strand area, Kyle will be instrumental to the success of our newest location in Garden City.” Continue reading “Coastal Carolina National Bank Names W. Kyle Hawley South Strand Manager – Vice President” »
South Strand Location To Open Mid January, 2013
Coastal Carolina National Bank (CCNB), headquartered in Myrtle Beach, S.C., will open its first branch office in Garden City, S.C., in mid January, 2013.
The South Strand branch will be located at 2961 Highway 17 Business, in front of Kroger, on Highway 17 Business, in Garden City. CCNB is currently renovating an existing bank building to house the full service facility. The 3,000 square foot office will have a drive-through window and a 24-hour ATM.
A variety of promotions will take place around the Grand Opening. More information will be forthcoming.
“This branch will make it more convenient for those on the south end of the Grand Strand to bank at CCNB,” said Laurence S. Bolchoz, Jr., president and chief executive officer of Coastal Carolina National Bank. “We’ll offer both personal and business banking needs, and a broad array of high-quality products and services. Our goal, and promise, is to give the South Strand the same high level of customer service that customers at our Myrtle Beach branch have become accustomed to. We’re very fortunate to be able to expand in what remains a relatively weak economy. Our bank is healthy and that enables us to focus our time and energy on what’s most important, our customers’ needs.”
Bank Opened In June 2009 And Achieved Profitability In Third Quarter Of 2012
Coastal Carolina Bancshares, Inc. and its wholly owned subsidiary, Coastal Carolina National Bank (CCNB) in Myrtle Beach, S.C., which opened for business in June of 2009, reached the first profitable quarter in its short history in the third quarter of 2012.
For the three months ending September 30, 2012, the company had net income of $117,749 or $.05 per share, which is a 385.9% improvement from the same period last year. For the nine months ended September 30, 2012, the company has recognized a loss of $(57,301), or $(.03) per share, which is a 95.3% improvement from the same period last year.
The continued improvements can be attributed to several factors. The net interest margin has improved to 3.29% year to date, compared to 2.78% for the same period last year. The improvements in net interest margin are largely due to growth in the loan portfolio. Net interest income before the provision for loan losses has grown to $2.4 million year-to-date, a 41.2% improvement from the previous year. Additionally, the mortgage lending department has been a significant contributor-to-earnings with a 108.4% increase in mortgage lending revenue. Continue reading “CCNB Achieves First Profitable Quarter In Its Short History” »
Laurence S. Bolchoz, Jr. Of Myrtle Beach Selected To Lead Community Bank
Coastal Carolina National Bank (CCNB) in Myrtle Beach, S.C., has selected Laurence S. Bolchoz, Jr. to be its new president and chief executive officer. Bolchoz has also been named president and chief executive officer of Coastal Carolina Bancshares, Inc., the parent company of CCNB.
Bolchoz brings more than 25 years of banking experience to his new position at CCNB. He has lived and worked in Myrtle Beach since 1991. The last 14 years of his banking career have been spent at First Federal in Myrtle Beach, where he was most recently Senior Vice President — Grand Strand Market Executive, managing 20 financial centers throughout Horry and Georgetown counties. Bolchoz also served as a Region Executive & City Executive with First Federal during his 14 year tenure there. Prior to joining First Federal in 1998, he was Vice President, Direct Lender at NationsBank in Myrtle Beach, where he managed a loan portfolio of real estate and business loans. Continue reading “Coastal Carolina National Bank Names New President and Chief Executive Officer” »
In March 2012, thousands of bankers converged upon Washington to participate in the American Bankers Association Government Relations Summit. A special emphasis was placed on the attendance of up and coming leaders in the banking industry. In total, 13 states identified 25 emerging leaders, and Robert Hucks was one of three representing the state of South Carolina. The ABA and the state bankers associations share an alliance in representing the banking industry and monitoring, impacting, and influencing the changing regulatory environment surrounding the banking industry at all times. The diversity, breadth, strength, and commitment reflected by the young bankers and future leaders of our industry will help deliver an even greater impact for our message in the future. We are proud of Robert’s involvement in this initiative, his representation of Coastal Carolina National Bank, and his dedication to the banking industry.
Coastal Carolina National Bank sponsored Robert Hucks, Vice President of Commercial Lending, in the annual Horry County Dancing with the Stars on November 19, 2011. Hucks raised over $10,000 in support of BE2. BE2 enriches student’s lives by orchestrating the mentor program, organizing summer career exploration opportunities, and providing funding for enrichment experiences like golf clinics and trips to college campuses. Business Education Expectations manages the funding of the Horry County K-12 Foundation, which provides money for all of these ECHS activities. The Foundation’s funding is made up of generous donations from Horry County businesses.
On November 14th, SCORE of the Grand Strand announced its annual small business success winners. The dinner is a celebration of small business – for clients and for Friends of SCORE that help promote small business success such as Chambers of Commerce and Foundations.
A $10,000 startup grant was awarded. The grant was offered by an anonymous donor to a startup business, based on the business plan that demonstrated the highest likelihood of success. Selected from 40 applicants, Theresa DeCindio of Critter Comforts, a pet boarding service, in Conway was the winner. The business plans were judged by SCORE mentors with the winner chosen by a panel of local business leaders. Continue reading “Score Announces Small Business Successes” »
Kinard Brings Eleven Years Of Community Banking Experience To Coastal Carolina National Bank
Myrtle Beach, S.C. — Coastal Carolina National Bank (CCNB) in Myrtle Beach, S.C., has named Dawn Kinard senior vice president and chief financial officer, effective July 6, 2010. Kinard will be responsible for financial planning and reporting, accounting, budgeting and forecasting for CCNB. Kinard will be the chief financial officer for Coastal Carolina Bancshares, Inc., the bank holding company, as well as the chief financial officer for the wholly-owned subsidiary, CCNB.
Prior to her appointment at CCNB, she served as the chief financial officer for Buckhead Community Bank in Atlanta, Ga., and previously worked at The Coastal Bank in Savannah, Ga.
Kinard graduated from The University of Georgia with a Bachelors of Business Administration, with a concentration in finance. She is married and has two children. Continue reading “Coastal Carolina National Bank Names Dawn Kinard Senior Vice President and Chief Financial Officer” »