SC State Alumnus and Board of Trustees Member Tapped to Lead Bank

Monday, August 15, 2011

Anthony GrantThe Board of Directors of South Carolina Community Bank (SCCB) Financial Corp has named SC State alumnus and Board of Trustees member, Anthony T. ‘Tony’ Grant, chief executive officer of SCCB.

Grant, also a South Carolina businessman and former banking executive with over 20 years of experience, will lead the bank’s management team. He joins Clente Flemming whose responsibilities will shift from president and CEO to president and COO. Flemming will be responsible for day to day bank operations.

Board chairman, Dr. David H. Swinton, made the announcement recently during an annual meeting of the shareholders at the Columbia Museum of Art. Grant’s appointment is subject to the approval of the FDIC and Federal Reserve.

“We want to assemble a team that is most suitable for providing competitive products in the markets we serve,” says Swinton. “Tony Grant’s reputation for balancing risk with business opportunities is exactly what we need to position the bank in this uncertain economic environment,” concludes Swinton.

Grant has been CEO of Grant Business Strategies since December 2001. Prior to forming his business, Grant worked for 20 years for Bank of America, experience that provides the expertise to equip him to take the helm at SCCB.

Grant served as the Business Banking Division executive for Bank of America for North and South Carolina. He was responsible for a $3 billion business banking portfolio and profit center. Additionally, Grant was responsible for all government lending and community markets president activities in the two states. During his tenure with Bank of America, Grant also served as national president of the bank’s Multicultural Banking Group where he was responsible for managing middle market commercial, consumer, business banking, premier and private banking activities on a nationwide scale for high valued clients.

In 1997, Grant was chairman, Asset Quality Review for NationsBank Corporation. In this capacity, he reported to the Asset Quality Review Committee of the Board of Directors for NationsBank Corporation. As chairman of Asset Quality Review, Grant served on the Corporate Risk Policy/Risk Management Committee, Corporate High Level Industry Review/Allocation Committee, and was responsible for maintaining asset quality for NationsBank’s $350 billion portfolio. Asset Quality Review conducted the Nationwide Portfolio Due Diligence for banking mergers. Grant’s team led the Portfolio Due Diligence for the Barnet Bank Merger and participated in the merger of Boatmen's National Bank of St. Louis, Mo.

“I am humbled by the opportunity and appreciate the Board of Directors' confidence in me to lead this great institution,” says Grant. “This bank means so much to people throughout this state and I will work to earn the trust of our shareholders, our customers and our community. I am anxious to get started.”

Grant also attributes this newfound success to his time at SC State University. “Much of my accomplishments stem from my time at SC State,” says Grant. “SC State afforded me many opportunities, beginning with my time as a student at the University to my previous and current position on SC State’s Board of Trustees. I will be forever grateful to the many individuals at SC State, including colleagues and mentors, who instilled in me the qualities that were essential to my ascension in this field.”

South Carolina Community Bank was founded in 1999. Formerly Victory Savings Bank, the bank is African American owned and operated. SCCB has locations in Columbia, Orangeburg and Sumter S.C.