About Palmetto Heritage Bank and Trust
Palmetto Heritage Bank and Trust is a company based in Myrtle Beach (United States) founded in 2005 was acquired by First Citizens Bank in July 2018.. Palmetto Heritage Bank and Trust operates in a competitive market with competitors including Truist, First Republic Bank, Investec, UniCredit and Equity Bank, among others.
- Headquarter Myrtle Beach, United States
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
Employee Count
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Acquired by
First Citizens Bank
(Jul 25, 2018)
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Funding Insights of Palmetto Heritage Bank and Trust
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Palmetto Heritage Bank and Trust
Palmetto Heritage Bank and Trust has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include First Citizens Bank. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Commercial banking services are provided to individuals and businesses.
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Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Palmetto Heritage Bank and Trust
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Palmetto Heritage Bank and Trust
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Palmetto Heritage Bank And Trust Comparisons
Competitors of Palmetto Heritage Bank and Trust
Palmetto Heritage Bank and Trust operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Truist, First Republic Bank, Investec, UniCredit and Equity Bank, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Wealth advisory and banking services are offered to clients.
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| domain | founded_year | HQ Location |
Commercial bank
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| domain | founded_year | HQ Location |
Global banking, investment, and wealth management services are offered worldwide.
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Commercial bank
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| domain | founded_year | HQ Location |
Commercial banking services are provided to businesses and individuals.
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Regional bank
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Palmetto Heritage Bank And Trust
Frequently Asked Questions about Palmetto Heritage Bank and Trust
When was Palmetto Heritage Bank and Trust founded?
Palmetto Heritage Bank and Trust was founded in 2005.
Where is Palmetto Heritage Bank and Trust located?
Palmetto Heritage Bank and Trust is headquartered in Myrtle Beach, United States. It is registered at Myrtle Beach, South Carolina, United States.
Who is the current CEO of Palmetto Heritage Bank and Trust?
Ronald Christmas is the current CEO of Palmetto Heritage Bank and Trust.
What does Palmetto Heritage Bank and Trust do?
Palmetto Heritage Bank and Trust was established in 2005 in Myrtle Beach, United States, as a commercial bank. Deposit accounts, loans, and trust services are provided to support local businesses and personal finances. Operations are centered in the southeastern U.S. region, with a focus on community-oriented banking. Leadership is provided by CEO Ronald Christmas, and the banks domain is palmettoheritagebank.com.
Who are the top competitors of Palmetto Heritage Bank and Trust?
Who are Palmetto Heritage Bank and Trust's investors?
Palmetto Heritage Bank and Trust has 1 investor. Key investors include First Citizens Bank.
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