United Community Bank Corporate HQ project.

[Exile]

Wyche clearly doesn't require AA office space, given where they are now. And their old building seemed to be kind of a mish-mash of parts.

But they do seem to like being the sole occupant of whatever building they occupy. And they seem to like being in that part of town. I've got no predictions, but it makes me wonder: any possibility they'd begin the transformation of the area between old Bowater and the Church St. Bridge with a new building of their own? Is any of that old Post office facility available or otherwise ready to be redeveloped?

[gman430]

I haven’t heard or seen anything about that site being available but I’m sure it is. 
 

Maybe we will wind up getting three new states tallest: convention center/museum, Wyche, and UCB.  Imagine the chaos on this forum if that happened.  Only in my dreams. Lol.

Edited January 28, 2021 by gman430

[vicupstate]

1 hour ago, Exile said:

Wyche clearly doesn't require AA office space, given where they are now. And their old building seemed to be kind of a mish-mash of parts.

But they do seem to like being the sole occupant of whatever building they occupy. And they seem to like being in that part of town. I've got no predictions, but it makes me wonder: any possibility they'd begin the transformation of the area between old Bowater and the Church St. Bridge with a new building of their own? Is any of that old Post office facility available or otherwise ready to be redeveloped?

That is why I made my prediction. That plus the fact that the prior owner of the current Wyche office also owns some of the land across from the old Bowater building.     

[GvilleSC]

14 minutes ago, vicupstate said:

That is why I made my prediction. That plus the fact that the prior owner of the current Wyche office also owns some of the land across from the old Bowater building.     

That would be a letdown for that property, IMO. What would probably amount to surface parking and a small, single use building.

Their emphasis in the article about being a part of Greenville's growth and expansion could suggest anywhere downtown, but really makes me wonder if they would be a part of County Square's redevelopment or something on the west side of downtown. Maybe they're leasing the former Elliott Davis space short term until their new space is ready..? 

Edited January 28, 2021 by GvilleSC

[vicupstate]

18 minutes ago, GvilleSC said:

That would be a letdown for that property, IMO. What would probably amount to surface parking and a small, single use building.

Their emphasis in the article about being a part of Greenville's growth and expansion could suggest anywhere downtown, but really makes me wonder if they would be a part of County Square's redevelopment or something on the west side of downtown. Maybe they're leasing the former Elliott Davis space short term until their new space is ready..? 

You would never do that with property that valuable.  I would envision something similar to  Camperdown.  A large project overall  but with a small building on one corner that would be the initial build. Just like the Greenville News building was for Camperdown.     

I think you may be right about the Elliott Davis being a short term home for Wyche while Wyche's new building gets built.  Remember, Wyche was suppose to go in the proposed building directly on the Reedy River that never got built (and the land was sold to the city).     

 

[GvilleSC]

2 minutes ago, vicupstate said:

You would never do that with property that valuable.  I would envision something similar to  Camperdown.  A large project overall  but with a small building on one corner that would be the initial build. Just like the Greenville News building was for Camperdown.     

I think you may be right about the Elliott Davis being a short term home for Wyche while Wyche's new building gets built.  Remember, Wyche was suppose to go in the proposed building directly on the Reedy River that never got built (and the land was sold to the city).     

 

I'd forgotten all about their proposed Reedy River building. 

[gman430]

Forgot that UCB also has corporate office space at ONE: https://www.ucbi.com/locations/greenville-west-washington-st-corporate-office/ They’re located all over downtown. 
 

Also, take notice that their earnings reports news releases come from Greenville: https://ir.ucbi.com/news-releases/news-release-details/united-community-banks-inc-reports-fourth-quarter-results-0

United Community Bank is a $14 billion southeast regional bank providing retail and corporate banking services. The bank was founded in Blairsville, Georgia in 1950 and now operates 164 banking offices in Georgia, South Carolina, North Carolina, Tennessee and Florida.

Edited January 29, 2021 by gman430

[gman430]

Now confirmed: 

https://www.greenvillecounty.org/Council/_Agenda/Meetings of 2021/County Council/2021.02.02/P Spruce FILOT Agreement FINAL.pdf

Completion of project by end of 2023.

Edited January 29, 2021 by gman430

[distortedlogic]

59 minutes ago, gman430 said:

Now confirmed: 

https://www.greenvillecounty.org/Council/_Agenda/Meetings of 2021/County Council/2021.02.02/P Spruce FILOT Agreement FINAL.pdf

Completion of project by end of 2023.

Cool. I'm still thrown off by the $30MM figure. It says the minimum is 24MM, so if they were only throwing out a figure to qualify they would have just said 24MM. It sounds like 30MM is probably the actual figure, but again, that seems awfully low for a building for at least 225 people. Who knows, maybe we'll get more specifics and a rendering soon.

[gman]

 

[distortedlogic]

13 minutes ago, gman said:

 

Thanks. What are the current largest banks HQ'ed in SC?

[gman]

1 hour ago, distortedlogic said:

Thanks. What are the current largest banks HQ'ed in SC?

Southern First is the largest bank headquartered in S.C. https://www.ibanknet.com/scripts/callreports/fiList.aspx?type=statebank&state=45&sort=assets

This is an interesting report of all financial institutions, including credit unions, headquartered in S.C. https://www.depositaccounts.com/banks/assets.aspx?instType=&stateType=hq&state=SC 

Edited January 29, 2021 by gman

[gman430]

G-News thanks to Butch Kirven is saying it will be their new corporate HQ making them the largest bank headquartered in S.C. once the move is complete. Greenville to be home to #1 UCB and #2 Southern First:

https://www.greenvilleonline.com/story/news/local/2021/01/29/united-community-bank-create-new-greenville-sc-headquarters/4316985001/

 

 

UBJ: 

https://upstatebusinessjournal.com/business-news/united-community-bank-is-entity-behind-greenville-project-spruce/

Edited January 30, 2021 by gman430

[distortedlogic]

So any ideas what the current UCB (former Palmetto) building will be used for? How many sq ft in that building?

Edited January 30, 2021 by distortedlogic

[gman430]

1 hour ago, distortedlogic said:

So any ideas what the current UCB (former Palmetto) building will be used for? How many sq ft in that building?

Who knows. They might just keep a full size bank for the company there. Find out Tuesday I guess. Not sure of the square footage. I do know however that they take up 30,000 square feet in the former Erwin Penland building where at least 85 people work and 20,000 square feet at ONE where at least 45 people work. These job numbers were from a few years ago so I’m sure they have a lot more people working in those buildings now due to the company’s growth. 
 

IF they do relocate these jobs to the new building, there’s going to be a lot more than 225 people working there. Probably around double that number.

Edited January 30, 2021 by gman430

[vicupstate]

 

Quote

Greenville to be home to #1 UCB and #2 Southern First:

Move over Charlotte !!

[gman430]

So how many of you will be switching to UCB?  I’m definitely considering it.

[Cityplanner]

This is terrific, and thanks to city political and business leaders, and UCB decisionmakers.

It would be icing on the cake if these new developments were all done in a timeless architectural style, such as Georgian, Federalist, classical or neo-Renaissance.  I'm not sure how well the "mid-2000s box" style will hold up in a few decades, just as 1960s and 1970s architecture seems horribly dated (looking at you, Daniel Building).

[distortedlogic]

4 hours ago, vicupstate said:

 

Move over Charlotte !!

Be careful; you could incur the wrath of certain individuals who wouldn't tolerate such a comparison to "lowly Greenville."

[distortedlogic]

16 hours ago, gman said:

Southern First is the largest bank headquartered in S.C. https://www.ibanknet.com/scripts/callreports/fiList.aspx?type=statebank&state=45&sort=assets

 

Per this report, Greenville is home to, not only the largest, in Southern First, but also the 7th largest (Grand South), and in the 8th spot is Bank of Traveler's Rest, which is in Greenville County. After this move, Greenville county will have spots 1,2,8,9.

Here's the top 30 from that list:

 

SOUTHERN FIRST BANK	FDIC	Greenville	0.8856	2,195,430	2,479,005
THE CONWAY NATIONAL BANK	OCC	Conway	0.8282	1,203,610	1,453,234
FIRST COMMUNITY BANK	FDIC	Lexington	0.8515	1,177,503	1,382,795
ANDERSON BROTHERS BANK	FDIC	Mullins	0.9059	1,049,025	1,158,039
SECURITY FEDERAL BANK	FDIC	Aiken	0.8218	929,382	1,130,843
COASTALSTATES BANK	FDIC	Hilton Head Island	0.7857	866,590	1,102,935
GRANDSOUTH BANK	FDIC	Greenville	0.8769	886,864	1,011,373
BANK OF TRAVELERS REST	FDIC	Travelers Rest	0.8912	896,258	1,005,699
SOUTH ATLANTIC BANK	FDIC	Myrtle Beach	0.8969	835,849	931,895
FIRST PALMETTO BANK	FDIC	Camden	0.8935	720,898	806,811
FIRST RELIANCE BANK	FDIC	Florence	0.7713	601,561	779,917
THE CITIZENS BANK	FDIC	Olanta	0.8494	570,574	671,752
PALMETTO STATE BANK	FDIC	Hampton	0.8431	533,195	632,416
ARTHUR STATE BANK	FDIC	Union	0.9028	543,335	601,825
CAROLINA BANK & TRUST CO.	FDIC	Darlington	0.8691	503,014	578,779
COASTAL CAROLINA NATIONAL BANK	OCC	Myrtle Beach	0.8962	514,401	574,006
COUNTYBANK	FDIC	Greenwood	0.8510	462,877	543,950
THE BANK OF SOUTH CAROLINA	FDIC	Charleston	0.8716	460,925	528,848
COMMUNITY FIRST BANK, INC.	FDIC	Walhalla	0.8204	425,105	518,179
ENTERPRISE BANK OF SOUTH CAROLINA	FDIC	Ehrhardt	0.9073	349,663	385,387
THE PEOPLES BANK	FDIC	Iva	0.8705	296,817	340,976
FARMERS AND MERCHANTS BANK OF SOUTH CAROLINA	FDIC	Holly Hill	0.8481	283,701	334,507
THE BANK OF CLARENDON	FDIC	Manning	0.8440	263,231	311,894
BEACON COMMUNITY BANK	FDIC	Charleston	0.7062	184,497	261,257
BANK OF YORK	FDIC	York	0.8623	223,918	259,686
BANK OF THE LOWCOUNTRY	FDIC	Walterboro	0.8475	214,038	252,564
FIRST NATIONAL BANK OF SOUTH CAROLINA	OCC	Holly Hill	0.8495	196,129	230,864
THE COMMERCIAL BANK	FDIC	Honea Path	0.8624	191,793	222,393
SANDHILLS BANK	FDIC	North Myrtle Beach	0.8570	183,552	214,185

[vicupstate]

7 hours ago, gman430 said:

So how many of you will be switching to UCB?  I’m definitely considering it.

I  definitely will.  

[Exile]

4 hours ago, distortedlogic said:

Per this report, Greenville is home to, not only the largest, in Southern First, but also the 7th largest (Grand South), and in the 8th spot is Bank of Traveler's Rest, which is in Greenville County. After this move, Greenville county will have spots 1,2,8,9.

Here's the top 30 from that list:

 

SOUTHERN FIRST BANK	FDIC	Greenville	0.8856	2,195,430	2,479,005
THE CONWAY NATIONAL BANK	OCC	Conway	0.8282	1,203,610	1,453,234
FIRST COMMUNITY BANK	FDIC	Lexington	0.8515	1,177,503	1,382,795
ANDERSON BROTHERS BANK	FDIC	Mullins	0.9059	1,049,025	1,158,039
SECURITY FEDERAL BANK	FDIC	Aiken	0.8218	929,382	1,130,843
COASTALSTATES BANK	FDIC	Hilton Head Island	0.7857	866,590	1,102,935
GRANDSOUTH BANK	FDIC	Greenville	0.8769	886,864	1,011,373
BANK OF TRAVELERS REST	FDIC	Travelers Rest	0.8912	896,258	1,005,699
SOUTH ATLANTIC BANK	FDIC	Myrtle Beach	0.8969	835,849	931,895
FIRST PALMETTO BANK	FDIC	Camden	0.8935	720,898	806,811
FIRST RELIANCE BANK	FDIC	Florence	0.7713	601,561	779,917
THE CITIZENS BANK	FDIC	Olanta	0.8494	570,574	671,752
PALMETTO STATE BANK	FDIC	Hampton	0.8431	533,195	632,416
ARTHUR STATE BANK	FDIC	Union	0.9028	543,335	601,825
CAROLINA BANK & TRUST CO.	FDIC	Darlington	0.8691	503,014	578,779
COASTAL CAROLINA NATIONAL BANK	OCC	Myrtle Beach	0.8962	514,401	574,006
COUNTYBANK	FDIC	Greenwood	0.8510	462,877	543,950
THE BANK OF SOUTH CAROLINA	FDIC	Charleston	0.8716	460,925	528,848
COMMUNITY FIRST BANK, INC.	FDIC	Walhalla	0.8204	425,105	518,179
ENTERPRISE BANK OF SOUTH CAROLINA	FDIC	Ehrhardt	0.9073	349,663	385,387
THE PEOPLES BANK	FDIC	Iva	0.8705	296,817	340,976
FARMERS AND MERCHANTS BANK OF SOUTH CAROLINA	FDIC	Holly Hill	0.8481	283,701	334,507
THE BANK OF CLARENDON	FDIC	Manning	0.8440	263,231	311,894
BEACON COMMUNITY BANK	FDIC	Charleston	0.7062	184,497	261,257
BANK OF YORK	FDIC	York	0.8623	223,918	259,686
BANK OF THE LOWCOUNTRY	FDIC	Walterboro	0.8475	214,038	252,564
FIRST NATIONAL BANK OF SOUTH CAROLINA	OCC	Holly Hill	0.8495	196,129	230,864
THE COMMERCIAL BANK	FDIC	Honea Path	0.8624	191,793	222,393
SANDHILLS BANK	FDIC	North Myrtle Beach	0.8570	183,552	214,185

When I graduated from college, it was SCN, Banker's Trust, C&S and Greenville's own Southern Bank. All now long-digested by Wells-Fargo, BoA, & Suntrust/Truist.

Then there were also the S&L's--Greenville had the state's two largest, First Federal and Fidelity/American Federal. First Federal went to BBT/Truist, but I can't remember what happened to Am Fed.

SCN was largest, though, but still had not cracked 1 billion in assets. NCNB was only  couple or 3 billion.  Pre-dereg., of course. How times (and prices!) have changed.

[GvilleSC]

24 minutes ago, Exile said:

When I graduated from college, it was SCN, Banker's Trust, C&S and Greenville's own Southern Bank. All now long-digested by Wells-Fargo, BoA, & Suntrust/Truist.

Then there were also the S&L's--Greenville had the state's two largest, First Federal and Fidelity/American Federal. First Federal went to BBT/Truist, but I can't remember what happened to Am Fed.

SCN was largest, though, but still had not cracked 1 billion in assets. NCNB was only  couple or 3 billion.  Pre-dereg., of course. How times (and prices!) have changed.

AmFed went to CCB then SunTrust. 

[goodbye]

I like SunTrust and anticipate continued growth with Truist, but will closely monitor UCB and Southern First going forward.  I did like The Palmetto Bank decades ago, but haven't personally done business with UCB yet.

[gman430]

Two more days.  I bet it’s gonna be at least 20 stories tall. Don’t rain on my parade. 

Edited January 31, 2021 by gman430