Entrepreneurial Center to host franchising drop-in session
The city of Savannah Entrepreneurial Center will host a drop-in session Wednesday open to anyone interested in learning more about opportunities in franchising.
Miriam Brewer of the International Franchise Association will be available at the Entrepreneurial Center, 801 E. Gwinett St., to answers questions about franchising from 10 a.m. to 1 p.m.
Information on topics ranging from selecting a franchise to securing financing will be available.
For more information, call 912-652-3582.
Georgia Southern will double-match REACH scholarships
STATESBORO — Georgia Southern University will double-match funds for the needs-based, Realizing Educational Achievement Can Happen (REACH) Scholarship program.
During the program, REACH Scholars receive a renewable annual tuition scholarship of $2,500 for use at a HOPE-eligible institution. Georgia Southern will increase the amount to $5,000.
The program begins in middle school where students must sign a contract agreeing to maintain a “C” or better in core classes, attain a grade point average of 2.5 or better in high school and a 2.0 GPA in college, remain drug free, attend REACH program activities, develop educational and career plans, and maintain good attendance and behavior.
Parents and guardians must agree to encourage their children to abide by REACH requirements.
South State Corp. announces 2Q earnings
South State Corp. (NASDAQ: SSB) Monday released its unaudited results of operations and other financial information for the three-month and six-month periods ended June 30, 2014. Highlights of the second quarter 2014 include:
• Net income available to common shareholders of $17.9 million, or $0.74 diluted EPS in 2Q 2014, up 13.3 percent, compared to $15.8 million, or $0.66 diluted EPS in 1Q 2014;
• Operating earnings of $22.2 million, which exclude merger and branding expenses and include preferred stock dividends, or $0.92 diluted operating EPS in 2Q 2014, up 12.1 percent, compared to $19.8 million, or $0.82 diluted operating EPS in 1Q 2014;
• Rebranded and changed the name to South State Corp. and South State Bank.
At June 30, 2014, the company’s total assets were $8 billion, up from $5 billion at June 30, 2013, and from $7.9 billion at Dec. 31, 2013. Since Dec.31, 2013, the company has experienced asset growth in the following areas: cash and short-term investments by $110.1 million, or 23 percent, non-acquired loans by $309.4 million, or 10.8 percent, and loans held for sale by $25.8 million, or 84.4 percent.
More information is available at
www.SouthStateBank.com.
