Alliance Combines World-Class Independent Investment Expertise with Community Bank Personal Service GREENWOOD, S.C., July 15 /EMWNews/ -- TCB Corporation, the holding company for Countybank, Countybank Trust Services, Countybanc Insurance, Inc. and Countybanc Investment Services, Inc, announced today it is acquiring a majority interest in Greenwood Capital, LLC, a registered investment advisory firm located in Greenwood. The partnership now links Countybank and Greenwood Capital clients with an expanded, more integrated approach to meeting their financial needs, including access to diversified investment options, proven investment managers and styles. The union between both locally-owned Countybank and Greenwood Capital will provide high net worth individuals, business owners, endowments and foundations with strategic, in-depth investment advisory experience combined with the personal, high-touch feel of a 75 years strong community bank. Clients will also have access to the in-house diversified expertise of Certified Financial Planners, insurance professionals, mortgage bankers, a dedicated trust services department, and lifestyle-enhancing banking products to best execute their financial plans. Greenwood Capital will continue operations as an independent subsidiary of TCB Corp. The combined entity now has more than $1.1 billion in assets managed or administered and is one of the largest independent investment advisory firms in South Carolina. "We have always enjoyed a close working relationship with Greenwood Capital, frequently serving as trustee or custodian for many of their clients," said TCB Corporation President and CEO R. Thornwell Dunlap, III, who billed the acquisition as a 'natural extension of a partnership of equals with complementary skill sets.' "Our combined organizations can meet all the financial needs of individual or institutional investors through more than 150 years of aggregate investment and related experience. Clients can also be assured that they are dealing with strong, financially sound firms that have assembled a world-class team of professionals to help them grow, protect and pass along their wealth in ways that are aligned with their individual objectives." J. Philip Bell, President of Greenwood Capital concurred: "Greenwood Capital has successfully managed proprietary equity and fixed-income products for clients of Countybank and many others nationwide. Now we are positioned to offer a broader spectrum of proven investment choices to all our clients by combining the tools and experience of our two organizations." Bell continued: "This powerful combination positions us as one of the premier money managers in the Southeast."
About Countybank Founded in 1933 to serve the Greenwood community, Countybank is a full service, integrated financial services provider with more than one hundred employees serving South Carolina with four full-service locations in Greenwood and Greenville and an insurance office in Lexington. In addition to a full array of banking products, Countybank has several divisions including Countybank Trust Services, Countybank Mortgage Services, Countybanc Investment Services, Inc., and Countybanc Insurance, Inc., to meet the needs of South Carolina communities. Each division is staffed by the area's most sought- after professionals in their respective fields to provide customers with the tools to achieve their financial goals. About Greenwood Capital Associates, LLC The roots of Greenwood Capital date back to 1960 as the Investment Department of Greenwood Mills, Inc., a national textile firm headquartered in Greenwood, South Carolina. Greenwood Capital Associates, Inc. (GCAI) became a separate company in 1983. In 2001 Greenwood Capital Associates, LLC acquired substantially all the assets of GCAI, in conjunction with the "lift-out" of a principal. Today, Greenwood Capital is a nationally recognized investment advisory firm offering proprietary equity and fixed-income funds, as well as customized portfolio solutions to some of the world's largest institutional and high net worth individual investors and employee benefit plans. Greenwood Capital has offices in Greenwood and Greenville, South Carolina.
Major Newsire & Press Release Distribution with Basic Starting at only $19 and Complete OTCBB / Financial Distribution only $89