South Carolina-based South State Bank announced Monday that it is launching a mortgage lending initiative, pledging $ 100 million to consumers located in low-to-moderate income and minority areas in North Carolina, South Carolina, Georgia, and Virginia.

According to the bank, the $ 100 million commitment is part of the bank’s merger with Park Sterling Bank, which has more than 50 branches in North Carolina, South Carolina, Georgia, and Virginia.

“We are well u…
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