News

February 16, 2012

Congaree State Bank reports first full year profit

Cayce, South Carolina (February 16, 2012) - Congaree Bancshares, Inc., the holding company for Congaree State Bank, reports first full year profit for 2011.

The Cayce/West Columbia based company, which celebrated its fifth anniversary October 16, 2011, posted a $532,868 net profit for the year ended December 31, 2011. Congaree Bancshares Inc., the holding company for Congaree State Bank, reported an improvement in basic earnings per share from $(0.29) in 2010 to $0.30 in 2011. Net shareholder equity also improved from $4.44 per share in 2010 to $5.05 per share in 2011.

“We are excited to reach this milestone in our young bank’s history and recognize that the support from our loyal clients and dedicated employees made this possible,” said Charles A. Kirby, president and CEO of Congaree State Bank.  “We will continue to build on this success creating a strong, locally-owned community bank.”

« Back to List of News


logo next slide

ALERT

By accessing the noted link you will be leaving the Congaree State Bank (CSB) website and entering a website hosted by another party. Although CSB has approved this as a reliable partner site, please be advised that you will no longer be subject to, or under the protection of, the privacy and security policies of CSB's website. We encourage you to read and evaluate the privacy and security policies on the site you are entering, which may be different than those of CSB.