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Click on the picture above and learn more about why you can trust Carolina Alliance Bank.
It's a short video we think you'll enjoy.
Click Here to learn how Carolina Alliance got its start.
Click Here to learn about the Carolina Alliance leadership team. |
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Phone: (864) 208-BANK (2265)
24-Hour telebank:
1-800-373-0391
200 South Church Street Spartanburg, SC 29306
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Bank Holiday
Carolina Alliance Bank will be closed on Monday, February 15, 2010 in observance of President's Day. |
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Carolina Alliance Bank Reports Profitable Quarter: |
Carolina Alliance Bank has reported its first quarterly profit since its inception. For the three months ended September 30, 2009, net income was approximately $51,000 compared to a net loss of approximately $218,000 for the three months ended September 30, 2008. For the nine months ended September 30, 2009, the bank reported a net loss of $723,000 compared to a net loss of $976,000 for the comparable period in 2008.
“This is a very important milestone in the history of our young organization, particularly considering the adverse financial and economic environment under which we have operated practically since the opening of the bank in January of 2007,” said John Poole, President and CEO of Carolina Alliance Bank.
“All of the people associated with this bank have worked hard for every significant milestone we have achieved, and this one is especially gratifying to our employees and board of directors. We have much work ahead of us to make this a sustainable accomplishment in this uncertain economy, but we are proud of the fact that the bank was profitable for each of the three months in the third quarter.”
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Marie Brax – Small Business Owner
Marie Brax has always said the secret to her success as a small business owner in Spartanburg is simple – she loves what she does and she works hard. As the owner and operator of Cheese & Wine Etc., Heavenly Ham and Vern’s, Brax has built all three into thriving businesses along with her children Henry Kohl and Susan Campbell. She also was named the Spartanburg Area Chamber’s 2003 Small Business Person of the Year and finished as first-runner-up for the state award.
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Beware the NACHA Scam
Cyber thieves have begun blasting out millions of e-mails impersonating NACHA - The Electronic Payments Association, a not-for-profit group that develops operating rules for organizations that handle electronic payments, from payroll direct deposits to online bill pay services.
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FDIC Coverage Information |
Your FDIC deposit insurance just increased
Carolina Alliance Bank deposit accounts are now FDIC insured up to $250,000 per depositor – more than double the former account coverage limit. Click here for more information.
More coverage from the FDIC
Carolina Alliance is participating in the FDIC's Transaction Account Guarantee Program. Under this program, through June 30, 2010, all non-interest bearing transaction accounts (i.e., "checking accounts") are fully guaranteed by the FDIC for the entire amount in the account. Coverage under the Transaction Account Guarantee Program is in addition to, and separate from, the coverage available under the FDIC's general deposit insurance rules.
For purposes of the Transaction Account Guarantee Program, the FDIC is including in the definition of a non-interest bearing transaction account:
Accounts commonly known as Interest on Lawyers Trust Accounts (IOLTAS) and functionally equivalent accounts; and
Checking Accounts with interest rates no higher than 0.50 percent for which the insured depository institution at which the account is held has committed to maintain the interest rate at or below 0.50 percent.
Carolina Alliance approved to offer FHA loans
click here to learn more
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