About GrandSouth
GrandSouth is a Financial Services company based in Greenville (United States) founded in 1998, and was acquired by FirstBank in June 2022. Commercial banking services are provided to businesses and individuals nationwide. Its chief executive, as recorded, is Ron Earnest. Its focus areas include Banks and Commercial Banks. Its legal entity is GRANDSOUTH BANCORPORATION. Its competitors include Truist, Equity Bank and Citi; 1 of its 3 listed competitors has raised funding.
Company details
GrandSouth was established in 1998 as a commercial bank headquartered in Greenville, United States. Core operations encompass deposit accounts, lending solutions, and treasury management tailored for commercial clients. Services extend to personal banking needs, including mortgages and investment options. The institution serves communities primarily in the Southeast, with digital platforms supporting broader accessibility. Leadership is directed by CEO and President Ron Earnest, overseeing regulatory compliance and growth initiatives.
- Headquarters Greenville, United States
- Stage Acquired
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website grandsouth.com
- Social LinkedIn
- Acquired by FirstBank (Jun 2022)
- Legal Name Grandsouth Bancorporation
Funding Insights of GrandSouth
- Total Rounds 3
- Last Round Post-IPO — $444,780
- First Round $12M
(Feb 2016)
All 3 funding rounds of GrandSouth with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec 2018 | $444,780 | Post-IPO | – | – | – |
| Dec 2018 | $10M | Debt – Conventional | – | – | – |
| Feb 2016 | $12M | Post-IPO | – | – | – |
1 investors in total: 1 institutional.
Investors in GrandSouth
GrandSouth has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include FirstBank.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Commercial banking services are provided to clients in Puerto Rico. | 1948 | 1firstbank.com | San Juan, Puerto Rico |
Investor details for GrandSouth
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of GrandSouth
1 people are tracked at GrandSouth (1 in leadership).
| Name | Role | Group |
|---|---|---|
Ron Earnest | CEO & President | Leadership |
Complete people profiles for GrandSouth
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
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Timeline of GrandSouth
5 dated milestones of GrandSouth across 24 years, from founding to its latest funding, stage changes and deals.
- Founded GrandSouth is founded.
- IPO Lists on the stock exchange (IPO).
- Funding First funding round of $12.0M.
- Funding Latest funding round, Post-IPO, of $445K.
- Exit Acquired by FirstBank.
Competitors of GrandSouth
GrandSouth has 3 listed competitors in our database, 1 of them funded. They include Truist, Equity Bank and Citi.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| truist.com | 1872 | Charlotte, United States | 55,480 | Wealth advisory and banking services are offered to clients. | ||
| equitybank.com | 2002 | Wichita, United States | $89.7M | Commercial banking services are provided to businesses and individuals. | ||
| citigroup.com | 1812 | New York, United States | 500 | Diversified financial services are offered through commercial banking operations. |
Detailed competitors of GrandSouth
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Related news about Grandsouth
Complete news archive for GrandSouth
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Frequently Asked Questions about GrandSouth
GrandSouth was founded in 1998 and raised its 1st funding round 18 years after it was founded.
GrandSouth is headquartered in Greenville, United States.
Ron Earnest is the CEO of GrandSouth, as recorded in our data.
GrandSouth was established in 1998 as a commercial bank headquartered in Greenville, United States. Core operations encompass deposit accounts, lending solutions, and treasury management tailored for commercial clients. Services extend to personal banking needs, including mortgages and investment options. The institution serves communities primarily in the Southeast, with digital platforms supporting broader accessibility. Leadership is directed by CEO and President Ron Earnest, overseeing regulatory compliance and growth initiatives.
GrandSouth's top competitors include Truist, Citi and Equity Bank.
GrandSouth has 1 investor. Key investors include FirstBank.
GrandSouth operates through Grandsouth Bancorporation.
Yes. GrandSouth was acquired by FirstBank in June 2022.