December 25, 2014 12:13 PM ET

Banks

Company Overview of Provident Community Bancshares, Inc.

Company Overview

Provident Community Bancshares, Inc. operates as a bank holding company for Provident Community Bank, N.A., which provides various financial products and services to consumers and businesses in South Carolina. It accepts various deposit products, including negotiable order of withdrawal accounts, checking accounts, money market savings accounts, passbook and statement savings accounts, individual retirement accounts, and certificate of deposit accounts, as well as and time deposits. The company also offers residential mortgage loans; and commercial real estate loans that consist of permanent loans secured by multi-family loans and generally apartment houses, as well as commercial and industr...

2700 Celanese Road

Rock Hill, SC 29732

United States

Founded in 1934

65 Employees

Phone:

803-325-9400

Key Executives for Provident Community Bancshares, Inc.

Chief Executive Officer
Age: 63
Chief Financial Officer
Age: 65
Chief Operating Officer
Age: 63
Chief Administrative Officer
Age: 58
Chief Retail Officer and Senior Vice President
Age: 41
Compensation as of Fiscal Year 2014.

Provident Community Bancshares, Inc. Key Developments

Provident Community Bancshares Files Form 15

Provident Community Bancshares, Inc. has announced that it has filed a Form 15 with the Securities and Exchange Commission to voluntarily deregister its common stock under the Securities Exchange Act of 1934, as amended.

Park Sterling Corporation, Provident Community Bancshares, Inc. - M&A Call

To consider the agreement and plan of merger with Provident Community Bancshares, Inc.

Provident Community Bancshares, Inc. Announces Deregistration Of Common Stock

Provident Community Bancshares, Inc. announced that it plans to deregister its common stock and suspend its reporting obligations with the Securities and Exchange Commission (the "SEC"). The Company is taking this action to reduce the legal, accounting and administrative costs associated with being an SEC reporting company. After the deregistration becomes effective, the Company will no longer be required to file reports and forms with the SEC, including Forms 10-K, Forms 10-Q and Forms 8-K. Completion of the deregistration process is expected in late March. Both the Company and the Bank will continue to provide financial reports to the Federal Reserve Bank and the Office of the Comptroller of the Currency. The Company anticipates that its common stock will continue to be quoted on the OTC Bulletin Board after deregistration with the SEC to the extent market makers continue to make a market in its shares. No guarantee, however, can be made that a trading market in the Company's common stock through any over-the-counter market will be maintained.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
March 5, 2014
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