Greenville, SC – (March 1, 2018) – South State Bank today announced a $5,000 grant contribution toward the establishment of Financial Empowerment Centers (FECs) in Greenville County, SC.
“This week, as we celebrate ‘America Saves Week,’ we are pleased to support the Greenville County Human Relations Commission as they help the citizens of Greenville gain access to financial services and improve their personal finances through savings,” said Michael E. Coggin, I-85 Division president. “We want to advance financial wellness in our communities by helping customers and community members set a goal, make a plan and save money.”
Greenville is one of 12 localities selected nationwide to receive a grant from Bloomberg Philanthropies to create FECs that will provide professional, one-on-one financial counseling as a free public service. FEC counselors help individuals and families with low and moderate incomes manage their finances, pay down debt, increase savings, establish and build credit, and access safe and affordable mainstream banking products.
The FEC model, first piloted in New York City under Mayor Michael R. Bloomberg, has operated for nine years in six cities, working with more than 70,000 clients, helping them reduce debt by more than $83 million, and increasing savings by $9 million.
Greenville County Human Relations will receive technical assistance and a seed grant from Bloomberg Philanthropies, augmented by grants like the one from South State, to provide these free financial services to residents in Greenville County.
South State has served Greenville County and the surrounding areas in the upstate of South Carolina for many years, with 29 branches along the I-85 corridor.
Pictured above: L-R: Fernanda Villaseñor and Matthew Spring of Cities for Financial Empowerment Fund; Nathaniel Barber of South State Bank; Dr. Yvonne Duckett of the Greenville Human Relations Council; Velma Bullock, Jon Harris and Justin Cazel of South State Bank all were in attendance at a breakfast hosted by the Greenville Human Relations Council to discuss the efforts to establish Financial Empowerment Centers in Greenville County, SC.
South State Corporation (NASDAQ: SSB) is a financial services company headquartered in Columbia, South Carolina, with over $14 billion in assets. South State Bank, the company’s primary subsidiary, provides consumer, commercial, mortgage and wealth management solutions throughout the Carolinas, Georgia and Virginia. South State has served customers since 1934. Additional information is available at SouthStateBank.com.