BNET Industries
Market Cap:$12.4M
Last Fiscal Year Sales:$47.3M
- Public
- US
Dow Jones Description
Beach First National Bank was organized in 1996 by a group of Myrtle Beach business leaders to meet the financial needs of small-to-mid-sized businesses and individuals in our communities, with emphasis on maintaining a personal one-on-one relationship with each customer. This Community Banking philosophy is the basis of everything we do. Community Banking at Beach First means that service is absolutely dependable, completely attentive, and locally managed. Our commitment to providing this level of service is strong and unwavering. In addition to caring, attentive service, Beach First is committed to providing the technologically advanced, user-friendly services that customers need, including the EDGE merchant deposit capture, NetTeller internet banking, check cards, Cash Management Services, and more. Beach First operates banking offices in Myrtle Beach, North Myrtle Beach, Surfside Beach, Litchfield, and Hilton Head Island. A seventh location is scheduled to open during the second quarter of 2008 at 7202 North Kings Highway in Myrtle Beach. The bank's mortgage lending division serves customers in the Carolinas and the mid-Atlantic states. Beach First National Bancshares, Inc., the bank's parent company, is a financial holding company with assets in excess of $600 million. The Company has experienced exceptional growth accompanied by excellent credit quality.
President & CEOWalter E. Standish III
Number of Employees 158
Contact Information
1550 N Oak St
Myrtle Beach, South Carolina 29577
(843) 626-2265
Peer Companies
NAICS Code Other Depository Credit Intermediation: 522190
Recent Events
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Beach First, Waccamaw banks release 1st quarter results
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TSC Ratings' Updates: Macy's
News & Analysis
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beach first national bancshares inc. - All News and Analysis
The CEO of BFNB purchased 1,000 shares.
M2 PRESSWIRE-18 September 2006-InsiderCow.com: The CEO of BFNB purchased 1,000 sharesC1994-2006 M2 COMMUNICATIONS LTD RDATE:18092006 Reported by InsiderCow.com at 8:50 AM EST, September 18, 2006: The CEO of Beach First National Bancshares, Inc. BFNB purchased 1,000 shares of BFNB from the...
Beach First National Bancshares, Inc. Announces New Investor Relations Solution from IRWebLink
Business Editors MYRTLE BEACH, S.C.--BUSINESS WIRE--June 19, 2003 Beach First National Bancshares, Inc. (OTC: BFBN), the parent company of Beach First National Bank, recently announced the launch of its new, enhanced investor relations web site - http://www.beachfirst.com. The site is powered by IRWebLinkTM, the leading investor...
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Decision Makers
| Name (plus bio) | Position |
|---|---|
| Walter E. Standish III | President & CEO |
| Don Smith | President of Chicora Development and Coldwell Banker Chicora Real Estate |
| Leigh Ammons Meese | President of Sea Mist Resort and Family Kingdom Amusement Park |
| Gary S. Austin | CFO & Executive Vice President |
| Julien E. Springs | Chief Business Dev Officer & Executive Vice President |
| Katie Huntley | Executive Vice President & Chief Credit Officer |
| M. Katharine Huntley | Executive Vice President, Chief Credit Officer |
| Mary Katharine Huntley | Executive Vice President & Chief Credit Officer |
| Julie Gilbert | Operations Manager |
| Tina Kosmos | Closing Coordinator |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Bert Anderson | Audit Committee Chairperson |
| Larkin Spivey Jr. | Audit Committee Chairperson |
| B. Larkin Spivey | Board of Directors |
| E. Thomas Fulmer | Board of Directors |
| James C. Yahnis | Board of Directors |
| Joe N. Jarrett Jr. | Board of Directors |
| Michael Bert Anderson | Board of Directors |
| Michael D. Harrington | Board of Directors |
| Orvis Barlett Buie | Board of Directors |
| Richard D. Lester | Board of Directors |
| Richard E. Lester | Board of Directors |
| Rick H. Seagroves | Board of Directors |
| Samuel Robert Spann Jr. | Board of Directors |
A career banker, Walt Standish joined Beach First National Bank as its president and chief executive officer in March 2000. Prior to joining Beach First, he served Bank of America and its predecessors in various capacities for 25 years. Standish is a graduate of the University of South Carolina with a B.S. degree in Business Administration. He also is a graduate of the South Carolina Bankers School and the University of Virginia Commercial Lending School. In the community, he serves on the board of directors of the Myrtle Beach Area Chamber of Commerce and is its Membership Division Chair. He is also active in United Way of Horry County.
| Organization | Position | Status |
|---|---|---|
| Beach First National Bancshares, Inc. | President & CEO | Current |
| Beach First National Bancshares, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Coldwell Banker Chicora Real Estate LLC | CEO | Current |
| Coldwell Banker Chicora Real Estate LLC | President | Current |
| Beach First National Bancshares, Inc. | President of Chicora Development and Coldwell Banker Chicora Real Estate | Current |
| Global Development Resources, Inc | Director | Current |
| Beach First National Bancshares, Inc. | Director | Current |
Leigh Ammons Meese, 37, is the president of Sea Mist Resort and Family Kingdom Amusement Park. Admitted to the South Carolina Bar in 1995, Ms. Meese was an associate with Bellamy, Rutenberg, Copeland, Epps, Gravely & Bowers, PA, until joining the family business in spring 1997. She has been a director of our Company and our bank since 2001.
| Organization | Position | Status |
|---|---|---|
| Sea Mist Resort | President | Current |
| Beach First National Bancshares, Inc. | President of Sea Mist Resort and Family Kingdom Amusement Park | Current |
| Beach First National Bancshares, Inc. | Board of Directors | Current |
Gary S. Austin joined Beach First national Bancshares, Inc. in August 2007 and currently serves as executive vice president and chief financial officer. Mr. Austin has over 31 years of experience in the financial industry. He received a Bachelor of Arts degree in accounting from Baldwin-Wallace College in Berea, Ohio, and holds a Masters in Business Administration from Cleveland State University. He belongs to several professional organizations including Financial Executives International and the American Institute of CPAs. He began his career in Cleveland, Ohio as a staff accountant at Kopperman & Wolf Company, a local public accounting firm. Austin then joined National City Corporation, also in Cleveland, Ohio, as a tax accountant in 1979. Austin remained with National City Corporation for more than 20 years, advancing through the accounting, finance, and risk functions to reach the rank of senior vice president. He next served RBC Centura Banks, Inc. in Rocky Mount, North Carolina as corporate risk manager from 2000-2003. From 2003 to 2006, Mr. Austin joined Main Street Banks, Inc. in Covington, Georgia as executive vice president, before forming a financial consulting firm in 2006 specializing in risk and financial management solutions.
| Organization | Position | Status |
|---|---|---|
| Beach First National Bancshares, Inc. | CFO & Executive Vice President | Current |
| Beach First National Bancshares, Inc. | Board of Directors | Current |
Julien E. Springs joined Beach First National Bank in February 2001, and currently serves as executive vice president and business development officer. He has more than 27 years of experience in banking and loan production in the Myrtle Beach area. Mr. Springs previously served The Anchor Bank as a senior vice president and was its city executive for the Myrtle Beach market for four years. A native of Myrtle Beach, Mr. Springs is chairman of the Grand Strand Regional Medical Center’s board of directors. He also serves as a member of the boards of directors of the Grand Strand YMCA and the Myrtle Beach Downtown Redevelopment Corporation. He is a life time member of the First United Methodist Church. Springs received a B.S. degree in Business Administration and Banking and Finance from the University of South Carolina and completed the Graduate School of Banking at Louisiana State University. He also attended the Robert Morris Associates Commercial Lending School.
| Organization | Position | Status |
|---|---|---|
| Beach First National Bancshares, Inc. | Chief Business Dev Officer & Executive Vice President | Current |
| Beach First National Bancshares, Inc. | Business Development Officer | Current |
| Organization | Position | Status |
|---|---|---|
| Beach First National Bancshares, Inc. | Executive Vice President & Chief Credit Officer | Current |
| Beach First National Bancshares, Inc. | Board of Directors | Current |
Katie Huntley is a founder of Beach First National Bank and serves as executive vice president and chief credit officer. She also serves as assistant secretary of the corporation and the bank. She has more than 33 years of experience in administrative banking and finance, including 20 years of senior banking experience on the Grand Strand. Prior to joining Beach First, Huntley was a vice president and team leader for Bank of America. Huntley attended Marshall University in Huntington, West Virginia and is a licensed insurance agent in South Carolina. She has served as past president of the Eastern Carolina Chapter of RMA and the Coastal Business Women’s Network. She has also served as chairwoman of the Better Business Bureau of Coastal Carolina, Inc. She is a member of the board of directors of the American Red Cross, Horry County Chapter, and the South Carolina Community Bankers Council.
| Organization | Position | Status |
|---|---|---|
| Beach First National Bancshares, Inc. | Executive Vice President, Chief Credit Officer | Current |
| Organization | Position | Status |
|---|---|---|
| Beach First National Bancshares, Inc. | Executive Vice President & Chief Credit Officer | Current |
| Organization | Position | Status |
|---|---|---|
| Beach First National Bancshares, Inc. | Operations Manager | Current |
| Organization | Position | Status |
|---|---|---|
| Beach First National Bancshares, Inc. | Closing Coordinator | Current |
Michael Bert Anderson , 48, is a managing partner in the Oceana Resorts group, which manages approximately 2,000 rental units in the Grand Strand area. Mr. Anderson is a partner in Strand Capital, which has acquired or developed $1.5 billion in coastal real estate extending north from Myrtle Beach, South Carolina to Carolina Beach, North Carolina. Mr. Anderson also serves on the boards of the Downtown Redevelopment Corporation of Myrtle Beach and the Waccamaw Regional Transit Authority. He has been a director of our Company and our bank since our formation in 1995.
| Organization | Position | Status |
|---|---|---|
| Strand Capital Corporation | Partner | Current |
| Beach First National Bancshares, Inc. | Audit Committee Chairperson | Current |
B. Larkin Spivey, Jr., 68, is president of Birch Canoe Campground, Inc., which owns a Kampgrounds of America ( KOA ) franchised camping resort. He is the general manager of Spivey Company, LLC, managing commercial real estate in Myrtle Beach and Conway, South Carolina. He is also a Christian writer and speaker, and author of God in the Trenches (Allegiance Press, 2001) and Miracles of the American Revolution (Allegiance Press, 2004). He has been a director of our Company and our bank since our formation in 1995.
| Organization | Position | Status |
|---|---|---|
| Beach First National Bancshares, Inc. | Audit Committee Chairperson | Current |
B. Larkin Spivey, Jr. is President of Birch Canoe Campground, Inc., which owns a Kampgrounds of America (“KOA”) franchised camping resort. He is the general manager of Spivey Company, LLC, managing commercial real estate in Myrtle Beach and Conway, South Carolina. He is also a Christian writer and speaker, and author of God in the Trenches (Allegiance Press, 2001) and Miracles of the American Revolution (Allegiance Press, 2004). He has been a director of our holding company and our bank since our formation in 1995.
| Organization | Position | Status |
|---|---|---|
| Beach First National Bancshares, Inc. | Board of Directors | Current |
E. Thomas Fulmer, 59, is the owner of Beachcomber Realty, a North Myrtle Beach real estate firm that specializes in sales, rentals, and time-shares. Prior to founding Beachcomber Realty in 1985, Mr. Fulmer worked in the banking industry, serving the former First Palmetto Bank as a senior vice president and member of the board of directors. He has been a director of our Company and our bank since 2003.
| Organization | Position | Status |
|---|---|---|
| Beachcomber Realty | Founder | Current |
| Beach First National Bancshares, Inc. | Board of Directors | Current |
| Beachcomber Realty | Owner | Former |
James C. Yahnis, 53, is an owner of The Yahnis Company, a beverage wholesale company in Myrtle Beach and Florence, South Carolina. Mr. Yahnis was previously in the real estate appraisal business for more than 15 years, and has been active in beverage wholesaling for 15 years. He also serves as chairman of the executive board of the Myrtle Beach Regional Economic Development Corporation. Mr. Yahnis has been a director of our Company and our bank since our formation in 1995.
| Organization | Position | Status |
|---|---|---|
| Myrtle Beach Regional Economic Development Corporation | Chairman | Current |
| Beach First National Bancshares, Inc. | Board of Directors | Current |
Dr. Joe N. Jarrett, Jr. is a board certified orthopaedic surgeon with Strand Orthopaedic Consultants, LLC, in Myrtle Beach, South Carolina, and has been practicing medicine for more than 25 years. He has been a director of our company and our bank since our formation in 1995.
| Organization | Position | Status |
|---|---|---|
| Beach First National Bancshares, Inc. | Board of Directors | Current |
Michael Bert Anderson, 49, is a managing partner in the Oceana Resorts group, which manages approximately 2,000 rental units in the Grand Strand area. Mr. Anderson is a partner in Strand Capital, which has acquired or developed $1.5 billion in coastal real estate extending north from Myrtle Beach, South Carolina to Carolina Beach, North Carolina. Mr. Anderson also serves as chairman of the board of the Downtown Redevelopment Corporation of Myrtle Beach. He has been a director of our Company and our bank since our formation in 1995.
| Organization | Position | Status |
|---|---|---|
| Strand Capital Corporation | Partner | Current |
| Beach First National Bancshares, Inc. | Board of Directors | Current |
Michael D. Harrington is president and general manager of Harrington Construction Company, Inc., a Myrtle Beach general contracting firm organized in 1979. He has been a director of our company and our bank since our formation in 1995.
| Organization | Position | Status |
|---|---|---|
| Beach First National Bancshares, Inc. | Board of Directors | Current |
Bartlett Buie is a certified public accountant who owns and operates the accounting firm Bartlett Buie, CPA, PA, in Myrtle Beach, South Carolina. A certified public accountant since 1974, Mr. Buie has more than 30 years experience in business. He has been a director of our company and our bank since our formation in 1995.
| Organization | Position | Status |
|---|---|---|
| Beach First National Bancshares, Inc. | Board of Directors | Current |
Richard E. Lester practices real estate law with the firm of Lester, Lester, & Harwell, P.A., and was admitted to the South Carolina Bar in 1969. A retired municipal judge for the City of Myrtle Beach, Mr. Lester has been a director of our holding company and our bank since our formation in 1995.
| Organization | Position | Status |
|---|---|---|
| Beach First National Bancshares, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Beach First National Bancshares, Inc. | Board of Directors | Current |
Rick H. Seagroves is the owner and chief executive officer of Southeast Restaurants Corporation, which operates 40 Pizza Hut restaurants in eastern South Carolina. Mr. Seagroves has served in the franchise restaurant business for nearly 30 years. He has been a director of our company and our bank since our formation in 1995.
| Organization | Position | Status |
|---|---|---|
| Beach First National Bancshares, Inc. | Board of Directors | Current |
Samuel Robert Spann, Jr. has served as president and chief executive officer of Spann Roofing and Sheet Metal, Inc., since 1975. He has been a director of our company and our bank since our formation in 1995.
| Organization | Position | Status |
|---|---|---|
| Beach First National Bancshares, Inc. | Board of Directors | Current |
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