Bailey Bank and Saluda County Bank to Become Anchor Bank Offices.MYRTLE BEACH, S.C.--(BUSINESS WIRE)--June 4, 1999-- M.S. Bailey & Son, Bankers and The Saluda Saluda, river, c.200 mi (320 km) long, rising in the Blue Ridge, W S.C., and flowing southeast across the Piedmont to the Broad River (with which it forms the Congaree) near Columbia. County Bank will become Anchor Bank (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :AFSC AFSC American Friends Service Committee AFSC Alaska Fisheries Science Center AFSC Air Force Systems Command AFSC Air Force Specialty Code AFSC Air Force Space Command AFSC Armed Forces Services Corporation AFSC Army Field Support Command ) offices in October 1999. Bailey Bank's four locations in Clinton and Laurens, SC, and Saluda County Bank's office in Saluda, SC, will operate under the Anchor Bank name and offer Anchor products and services to their customers. The change follows the merger of the parent companies, Anchor Financial Corporation and Bailey Financial Corporation on April 9, 1999. "Consolidating the banks, as signified sig·ni·fied n. Linguistics The concept that a signifier denotes. [Translation of French signifié, past participle of signifier, to signify.] Noun 1. by the name changes, offers operational, organizational, and customer benefits that simply can not be overlooked. We are committed to building quality in our franchise and look forward to establishing the Anchor name in Laurens and Saluda counties," said Stephen L. Chryst, chairman, president and chief executive officer of Anchor Financial Corporation. "We are proud to have the opportunity to earn customer and community respect and confidence." John Dickens, president of Bailey Bank, stated, "We are pleased to become part of the Anchor Bank team. When we decided to merge, we chose Anchor Financial Corporation as our partner because they share our community banking philosophy and dedication to service. I think our customers will be pleased with the expanded services and products Anchor Bank offers." Bailey Bank and Saluda County Bank customers can expect to be served by the same customer service employees and have a wider array of services and technologically advanced products including PC Banking and information via Anchor Bank's web site. After the conversion is completed, Anchor Bank will have 33 offices in North Carolina North Carolina, state in the SE United States. It is bordered by the Atlantic Ocean (E), South Carolina and Georgia (S), Tennessee (W), and Virginia (N). Facts and Figures Area, 52,586 sq mi (136,198 sq km). Pop. and South Carolina South Carolina, state of the SE United States. It is bordered by North Carolina (N), the Atlantic Ocean (SE), and Georgia (SW). Facts and Figures Area, 31,055 sq mi (80,432 sq km). Pop. (2000) 4,012,012, a 15. and customers will be able to do their banking at any Anchor Bank location. A smooth transition is expected as plans for customer communication and signage are underway. Customers will receive information about Anchor Bank's products and services in September. New signage will be installed at Saluda County Bank and all Bailey Bank locations in October. Anchor Bank is a subsidiary of Anchor Financial Corporation, which is headquartered in Myrtle Beach, SC, has assets of $1.2 billion, operates 33 banking offices in North Carolina and South Carolina and offers a full line of financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. and products. Please visit Anchor Bank's web site at http://www.theanchorbank.com. |
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