Daniel Island is welcoming a new financial institution to the growing downtown community. On Monday, April 26, Beacon Community Bank officially opened its third branch. Beacon took over the space previously occupied by Bin 526 at 20 Fairchild Street, Suite 103.
In January 2018, Beacon opened its first branch in downtown Charleston. When Beacon Community Bank opened the Charleston location, it was the first startup bank in South Carolina in over a decade. In May of the following year, Beacon added a second branch in Mount Pleasant.
The opening of the Daniel Island branch is an integral part of the bank’s five-year expansion plan. Beacon has plans to break ground on the bank’s fourth branch later this year in Mount Pleasant. A fifth local branch will follow in 2022 or 2023.
Beacon CEO Brooks Melton said the Daniel Island location is a natural move as the bank continues to expand throughout the tri-county.
“Daniel Island residents and businesses now have the opportunity to experience the personalized service and inherent advantages offered by a homegrown local bank. Our entire team is excited to join the Daniel Island community,” Melton said.
Beacon prides itself on providing personalized service to their clients. The bank builds individual and unique relationships with clients through concierge service, tailored financial solutions, and state-of-the-art banking technology.
Melton said Beacon’s team of trained professionals sets them apart from other banks in the area. “We have the best team and a culture rooted in service. Add in our focus on relationships combined with 100% local decision making, and you get a unique banking experience,” he said. “I frequently have clients tell me that we have great people on our team. That’s when you know it’s not just lip service. We are truly delivering a better banking experience.”
Because Beacon is a privately held community focused bank, they are able to make financial decisions locally and quickly. The 18-member board includes distinguished members of the Charleston community. Tommy B. Baker, founder of Baker Motor Co., serves as chairman of the board.
Baker is no stranger to Daniel Island and has been a fan of the community since its infancy.
“I remember touring the Daniel Island Club grounds with Tom Fazio over 20 years ago before the clubhouse was built,” Baker said. “I was so impressed with the vision of the island. I became the first member of the club and have been a member ever since. It’s been amazing to watch the island grow from an idea to a thriving small city. The island is youthful, and we’re a young bank. We know you by name, our turnaround times are phenomenal, and we’ll over-service you.”
For more information, go to beacon.bank.