Palmetto Bancshares - Ownership and Business Overview

Financial ServicesCompany

Palmetto Bancshares Ownership

Who owns Palmetto Bancshares?

Palmetto Bancshares is owned by United Community Banks. It was acquired on April 22, 2015.

Was Palmetto Bancshares formerly PE-backed?

Yes. Palmetto Bancshares was formerly owned by 1 private investor.

Palmetto Bancshares Business Overview

Where is Palmetto Bancshares headquartered?

Palmetto Bancshares is headquartered in Greenville, South Carolina.

How many employees does Palmetto Bancshares have?

Palmetto Bancshares has 286 employees.

What sector is Palmetto Bancshares in?

Palmetto Bancshares is a financial services company.

When was Palmetto Bancshares founded?

Palmetto Bancshares was founded in 1906.

Financial Services M&A Summary in 2015

Out of 60 sectors in the Mergr database, financial services ranked 9 in number of deals in 2015. The largest financial services acquisition in 2015 was Visa Europe - which was acquired by Visa for $23.9B.

Join Mergr to view all 264 acquisitions of financial services companies in 2015, including 30 acquisitions by private equity firms, and 234 by strategics.

Palmetto Bancshares, Inc.

306 East North Street,
Greenville, South Carolina 29601
United States,
(800) 725-2265
www.palmettobank.com

Palmetto Bancshares, Inc. is a provider of retail and commercial banking, and wealth management services to consumers.


Company Summary

SECTOR

Financial Services

Revenue

53   2014
(millions of USD)

Employees

286

Established

1906

Subsidiary of

United Community Bank

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