Palmetto State Bank is a bank based in Hampton, South Carolina, established in 1907, with $619 million in total assets across 8 branches. By Trust Grade it ranks 16th of 44 banks we track in South Carolina. Its capital ratio of 13.1% is stronger than 81% of similarly sized banks, versus a South Carolina median of 9.8%. It was profitable over the most recent period, with a 0.77% return on assets. No consumer complaints against Palmetto State Bank appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How Palmetto State Bank compares to South Carolina peers
How we graded Palmetto State Bank
The Trust Grade blends financial strength with complaint history. Full methodology →
- Strongly capitalized (13.1% capital ratio)
- Profitable (ROA 0.77%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for Palmetto State Bank over the analysis window. For a smaller institution this is common and counts in its favor.
Branch locations (8)
- 601 1st St W, Hampton, SC 29924
- 2347 Boundary St, Beaufort, SC 29902
- 230 Main St S, Allendale, SC 29810
- 127 Hampton Ave, Fairfax, SC 29827
- 194 Bluffton Rd, Bluffton, SC 29910
- 145 Ladys Island Dr, Lady's Island, SC 29907
- 106 3rd St E, Estill, SC 29918
- 230 Main St N, Allendale, SC 29810
Are deposits at Palmetto State Bank insured?
Yes. Palmetto State Bank is an FDIC-insured bank (FDIC certificate #17563). Deposits are federally insured up to $250,000per depositor, per ownership category — regardless of this institution's Trust Grade. The grade reflects financial strength and complaint history for comparison, not the safety of insured deposits.
Palmetto State Bank: frequently asked questions
Is Palmetto State Bank a good bank?
Palmetto State Bank earns a Bankzia Trust Grade of A (96/100, "Excellent"), based on a financial-strength score of 96/100 (it has no CFPB complaints on record). Strongly capitalized (13.1% capital ratio); Profitable (ROA 0.77%).
Is Palmetto State Bank FDIC-insured?
Yes. Palmetto State Bank is a FDIC-insured bank (FDIC certificate #17563). Deposits are protected up to the standard FDIC limit of $250,000 per depositor, per ownership category.
How big is Palmetto State Bank?
Palmetto State Bank holds $619 million in total assets, ranking 16th of 44 banks we track in South Carolina. It operates 8 branches.
Does Palmetto State Bank have CFPB complaints?
No CFPB complaints against Palmetto State Bank appear in our data over the analysis window, which is typical for a bank of this size.
Similar Banks
Financial data from FDIC call reports; complaint data from the CFPB Consumer Complaint Database. Bankzia is an independent resource and is not affiliated with any government agency or financial institution. Figures are for general information, not financial advice.
