Providence Hospital Northeast to get $38.4M upgrade

The Columbia-based health care group plans to enhance orthopaedic care and general medical services through expansions and renovations at Providence Hospital Northeast. The project will expand the facility by adding 38 beds and providing an estimated 75 to 100 additional jobs. Read More...

SCBT Financial profit drops 56% in 2011

The Columbia-based bank holding company posted $22.6 million in net income for the year, down from $51.9 million in 2010. In the fourth quarter, the bank said net income jumped to $4.8 million from $559,000 a year earlier.  Read More...

South Atlantic Bancshares posts first profitable year

The Myrtle Beach-based bank, which began operations in 2007, said net income for 2011 was $1,155,407, compared with a loss of $944,856 in 2010. The company’s CEO said success of strategies implemented to improve net interest margin, control expenses and maintain credit quality contributed to the overall growth.  Read More...

Continental deal earns award for S.C. Department of Commerce

The S.C. Department of Commerce was honored with the Silver Award for economic development by Business Facilities magazine for Continental Tire the Americas’ plans to invest $500 million in a new factory in Sumter County, expand its U.S. headquarters and create 1,700 jobs.  Read More...

Foreclosure closings account for fewer home sales in South Carolina

In South Carolina, 10% of home sales in the third quarter of 2011 were foreclosure related, according to RealtyTrac. Both statewide and national figures were down over the same time last year, in part because of uncertainty in the process of buying and selling foreclosure properties, the company said. Read More...