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First South Bank plans move from Columbia’s Main Street

Staff Report
Published Feb. 28, 2013

First South Bank plans to move its Columbia operations from downtown to a first-floor suite at the Atrium at Stoneridge, near the interchange of Greystone Boulevard and Interstate 126.

The full-service bank expects to close its facility at 1333 Main St. on May 31, and open the new location at 140 Stoneridge Drive, Suite 100, on June 3, said bank President Chip Lyerly.

One reason why the bank is relocating is that it needs more convenient parking for customers, Lyerly said.

“We’ve been here for 13 years and don’t have the first customer parking space,” Lyerly said. Some customers have had to park up to four blocks away to do their banking, he added.

The move to the six-story Stoneridge office building also will improve the local bank’s efficiency, Lyerly said. At the Main Street location, the bank’s 10 employees are divided between offices on the first and second floors, he said.

Chartered in 1996, First South is a full-service bank that has developed a niche in small business lending. About 99% of the bank’s business is in commercial loans, Lyerly said.

First South, though, offers consumer financial services such as checking and savings accounts, and online banking, Lyerly said.

Based in Spartanburg, First South Bank currently has more than $400 million in total assets and 73 employees at five banking centers Greenville, Columbia, Bluffton/Hilton Head Island and two locations in Spartanburg.

First South’s ground floor space at 1333 Main St. will be filled by Ameris Bank, which is moving its state headquarters out of the iT-ology Building at 1301 Gervais St.

Ameris will occupy 15,500 square feet of space there, and open a retail branch on the ground floor.

Related coverage

Ameris Bank moving to Main Street, opening branch office

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