Inactive Instrument

GrandSouth Bancorporation

GRRB

US3866273010

GrandSouth Bancorporation Reports Net Charge Offs for the Fourth Quarter Ended December 31, 2021

January 18, 2022 at 12:10 pm

GrandSouth Bancorporation reported net charge offs for the fourth quarter ended December 31, 2021. Net charge offs for the fourth quarter of 2021 were $0.2 million as compared to net recoveries of less than $0.1 million for the same periods in 2020.

Latest news about GrandSouth Bancorporation

First Bancorp completed the acquisition of GrandSouth Bancorporation.	22-12-31	CI
GrandSouth Bancorporation Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022	22-10-17	CI
Grandsouth Bancorporation Declares Quarterly Cash Dividend, Payable on November 18, 2022	22-10-17	CI
GrandSouth Bancorporation Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022	22-07-18	CI
GrandSouth Bancorporation Declares Quarterly Cash Dividend, Payable on August 18, 2022	22-07-18	CI
Sector Update: Financial	22-06-22	MT
First Bancorp entered in a definitive merger agreement to acquire GrandSouth Bancorporation for approximately $160 million.	22-06-20	CI
GrandSouth Bancorporation Reports Earnings Results for the First Quarter Ended March 31, 2022	22-04-18	CI
GrandSouth Bancorporation Declares Quarterly Cash Dividend on Common Shares, Payable on May 18, 2022	22-04-18	CI
Tranche Update on GrandSouth Bancorporation's Equity Buyback Plan announced on January 7, 2021.	22-03-31	CI
GrandSouth Bancorporation Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2021	22-01-18	CI
GrandSouth Bancorporation Declares Quarterly Cash Dividend, Payable on February 18, 2022	22-01-18	CI
GrandSouth Bancorporation Reports Net Charge Offs for the Fourth Quarter Ended December 31, 2021	22-01-18	CI
GrandSouth Bancorporation's Equity Buyback announced on January 7, 2021, has expired.	21-12-30	CI
Tranche Update on GrandSouth Bancorporation's Equity Buyback Plan announced on January 7, 2021.	21-11-12	CI
GrandSouth Bancorporation Reports Net Charge Off for the Third Quarter Ended September 30, 2021	21-10-18	CI
GrandSouth Bancorporation Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021	21-10-18	CI
GrandSouth Bancorporation Declares Cash Dividend, Payable on November 19, 2021	21-10-18	CI
Tranche Update on GrandSouth Bancorporation's Equity Buyback Plan announced on January 7, 2021.	21-08-12	CI
GrandSouth Bancorporation Declares Cash Dividend, Payable on August 13, 2021	21-07-19	CI
Grandsouth Bancorporation Reports Earnings Results for the Second Quarter Ended June 30, 2021	21-07-19	CI
GrandSouth Bancorporation Appoints Leeann Weber to the Board of Directors	21-07-02	CI
GrandSouth Bancorporation's Equity Buyback Plan Extended till December 31, 2021.	21-06-15	CI
Tranche Update on GrandSouth Bancorporation's Equity Buyback Plan announced on January 7, 2021.	21-05-17	CI
Grandsouth Bancorporation Reports Earnings Results for the First Quarter Ended March 31, 2021	21-05-17	CI

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Company Profile

Grandsouth Bancorporation is the holding company for GrandSouth Bank (the Bank). The Bank offers an array of commercial bank services. The Bank's business consists primarily of accepting deposits from individuals and small businesses and investing those deposits, together with funds generated from operations and borrowings, primarily in loans secured by real estate, including commercial real estate loans, one-to-four family residential mortgage loans, construction and development loans, and home equity loans and lines of credit. In addition, it originates commercial business loans and invest in investment securities. It also provides specialty floor plan lending to small auto dealerships through a separate division of the Bank under the trade name CarBucks. It offers a variety of deposit accounts, including savings accounts, certificates of deposit, money market accounts, commercial and regular checking accounts, and individual retirement accounts.

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