Federal Reserve Board Announces Approval of Application by CSBH, LLC
Washington, D.C. – The Federal Reserve Board on February 12, 2025, announced its approval of the application by CSBH, LLC, a bank holding company, to acquire all of the issued and outstanding common stock of Commercial State Bank.
CSBH, LLC, is a newly formed bank holding company that will be owned by a group of local investors. Commercial State Bank is a state-chartered bank headquartered in Charleston, South Carolina. The bank has approximately $1 billion in assets and operates eight branches in South Carolina.
The Federal Reserve Board’s approval of the application was based on a review of the financial condition of CSBH, LLC, and Commercial State Bank, as well as the managerial resources and future prospects of the combined organization. The Board found that the proposed acquisition would not have a significant adverse effect on competition in the relevant banking markets and would be consistent with the public interest.
The acquisition is expected to close in the second quarter of 2025.
About CSBH, LLC
CSBH, LLC, is a newly formed bank holding company that will be owned by a group of local investors. The investors have a long history of involvement in the Charleston community and are committed to the success of Commercial State Bank.
About Commercial State Bank
Commercial State Bank is a state-chartered bank headquartered in Charleston, South Carolina. The bank has approximately $1 billion in assets and operates eight branches in South Carolina. Commercial State Bank is a leading provider of financial services to businesses and individuals in the Charleston area.
About the Federal Reserve Board
The Federal Reserve Board is the central bank of the United States. The Board is responsible for setting monetary policy, supervising and regulating financial institutions, and providing financial services to the U.S. government, financial institutions, and foreign official institutions.
Federal Reserve Board announces approval of application by CSBH, LLC
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