Company Information

Get to know GrandSouth Bancorporation

Founded in 1998 and headquartered in Greenville, South Carolina, GrandSouth Bancorporation operated as the holding company for GrandSouth Bank. The bank focused on providing personalized, relationship-based banking services to small-to-medium-sized businesses, professionals, and individuals. Its offerings included a variety of deposit products, commercial and consumer loans, and mortgage services through its branch network across South Carolina. In June 2022, GrandSouth Bancorporation was officially acquired by First Bancorp (the parent company of First Bank), and its operations were merged into First Bank.

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GrandSouth Bancorporation

United States

Founded in

1998 (28 Years)

Founded

Last online: No recent activity

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Regulated

Recommended

(73 reviews)

Cyprus

2009

(17 years)

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This company is currently Unproved.

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.