Item 2. Properties
Item
2. Properties.
Our principal executive offices and the Bank’s
main office is located at 100 Verdae Boulevard, Suite 100, Greenville, South Carolina 29607. In addition, we currently operate seven additional
offices located in Greenville, Columbia and Charleston, South Carolina, one office in Raleigh, North Carolina, one office in Greensboro,
North Carolina, one office in Charlotte, North Carolina, and one office in Atlanta, Georgia. We lease seven of our offices and own the
remaining five locations. During the fourth quarter of 2020, we consolidated our three Columbia, South Carolina locations into one and
subsequently sold the two remaining offices. In addition, the Company owns a piece of property in Greenville, South Carolina on which
it is currently constructing a new bank headquarters which will open in the second quarter of 2022.
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Management believes the terms of the various leases
are consistent with market standards and were arrived at through arm’s-length bargaining.
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.