Peoples Bancorporation, Inc. Announces 22.2% Increase in Earnings

October 21st, 2006 · No Comments

This is a banking corporation in South Carolina.Â Per their press release,

“Commenting on the Company’s performance, Company President R. Riggie
Ridgeway stated, “We are proud to report the Company reached a milestone in
its history at September 30, 2006 as total assets increased to over
one-half billion dollars. For the nine months ending September 30, 2006, we
are pleased to report that each of our three subsidiary banks produced
double- digit income growth that resulted in the Company’s consolidated
income increasing 22.2% over the first nine months of 2005. The third
quarter of 2006 marks our sixth consecutive quarter with net earnings in
excess of $1 million.” Ridgeway added, “We continue to be excited about the
future prospects of our company as we expand our presence in the Upstate
and improve our performance in our core banking activities.”
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