Coastal Banking Co. will close its CBC National Bank branch in Moss Creek Village at 1533 Fording Island Road in greater Bluffton on March 31, officials announced.
The Moss Creek branch will transfer accounts automatically to CBC National Bank's office at 1700 Ribaut Road in Port Royal. Customers can access their accounts at any branch location, online at www.cbcnationalbank.com and through all CBC National Bank ATMs.
Moss Creek branch employees will be offered open positions at the Port Royal branch and elsewhere within the company where available.
CEO Michael G. Sanchez said in a news release: "We made the decision to consolidate our Moss Creek branch due to the high cost of operating in that particular location. Over the past several years the area has become overbanked, and the competition has put pressure on banks to pay well above the market rate for deposits."