Item 2. Properties
Item 2. Properties.
Our principal executive offices and the Bank’s
main office is located at 6 Verdae Boulevard, Greenville, South Carolina 29607. In addition, we currently operate seven additional offices
located in Greenville, Columbia, Summerville 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. Management believes the terms of the various leases are consistent with market standards
and were arrived at through arm’s-length bargaining.
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