GrandSouth Bancorporation PFD SER A
GRRBP
Other OTC39.00
USD
- -
- -
GrandSouth Bancorporation PFD SER A
GRRBP
(Other OTC)
Recent
price
39.00
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Similar Companies
- Business
- GrandSouth Bancorporation PFD SER A represented the Series A preferred stock issued by GrandSouth Bancorporation, which was a bank holding company. Its primary operating entity, GrandSouth Bank, delivered a full spectrum of financial services to individuals and small to medium-sized businesses. The bank's offerings included diverse deposit accounts such as checking, savings, money market, and IRA options, alongside both secured and unsecured lending solutions tailored for commercial, consumer, and residential purposes. Operating as a community bank, GrandSouth Bank maintained eight branches across key South Carolina locations including Greenville, Anderson, Columbia, and Charleston. The company's existence as an independent entity concluded following its acquisition by First Bancorp, the parent company of First Bank. The merger agreement was announced in June 2022 and officially closed on January 1, 2023. As a result of this transaction, GrandSouth shareholders, including preferred stockholders, received shares of First Bancorp common stock. The operational integration of GrandSouth Bank into First Bank, including a full systems conversion, was completed in March 2023.