First Bank completes GrandSouth Bank conversion

First Bank finalized its acquisition of GrandSouth Bank with a systems conversion between the banks. With the conversion, First Bank will add 8 locations to its South Carolina branch network, including 2 locations in Greenville and a location in Anderson, Charleston, Columbia, Fountain Inn, Greer and Orangeburg. The addition of GrandSouth Bank increased First Bank’s total assets to approximately $12B with $10.1B in deposits and $7.7B in loans.