The Conway National Bank

What The Conway National Bank does

The Conway National Bank (CNB) is a privately held, FDIC-insured community bank founded in 1903 as the Bank of Horry, headquartered in Conway, South Carolina, and operating under the bank holding company CNB Corporation with W. Jennings Duncan as President. The bank operates 15 full-service branches across Horry County (Conway, Myrtle Beach, North Myrtle Beach, Carolina Forest, Socastee, Aynor, Little River, Surfside Beach) and the Waccamaw Neck area of Georgetown County (Murrells Inlet, Pawleys Island), serving individual consumers, seniors aged 50+, and small-to-mid commercial customers with a full-suite horizontal banking product set.

The bank's product surface spans personal and business banking: interest-bearing and non-interest checking accounts (Regular, NOW, SuperNOW, Free, Senior, CNB Benefit Security); savings vehicles (Passbook, HSA, Education Savings, Christmas Club, money market); term deposits (CDs 7 days-60 months, Traditional and Roth IRAs, SEP/SIMPLE plans); personal lending (mortgage, construction, home equity lines, auto, credit lines); and business services (small business and commercial checking, business savings, merchant services, online cash management, ACH/direct deposit). Digital channels consist of the CNB2GO mobile banking application (iOS/Android, licensed from Jack Henry & Associates) featuring mobile check deposit, bill pay, and GPS-based branch and ATM locator; CNB Online Banking web platform; and CNB Access 24-hour telephone banking.

Revenue is generated through two primary streams: net interest income from commercial, mortgage, construction, auto, home equity, and personal loans (Q1 2026: $15.2M, +19.9% YoY) backed by $1.61B in deposits and an $881.1M investment securities portfolio, and non-interest income from account maintenance, transaction, NSF/overdraft, stop-payment, wire, and merchant service fees (Q1 2026: $2.4M, +8.4% YoY). The bank reported Q1 2026 net income of $6.8M (+44.5% YoY), total assets of $1.94B (+3.9%), and #1 deposit market share in Horry County for the fourth consecutive year at 12.48%.

Name

The Conway National Bank

Legal name

The Conway National Bank

Website

https://conwaynationalbank.com

Company type

Private

Founded year

1903

Operating status

Operating

Headcount range

251–500 employees

Short description

The Conway National Bank is a privately held, FDIC-insured community bank founded in 1903, operating 15 branches in Horry County and the Waccamaw Neck area of Georgetown County, South Carolina. It serves individuals, seniors, and small-to-mid commercial customers with personal and business banking, lending, and digital channels including the CNB2GO mobile app.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Commercial Banking (52211)

SIC

National Commercial Banks (6021)

akta.pro primary industry

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)

Keywords

• Community banking
• Personal banking
• Commercial lending
• Deposit products
• Merchant services

Headquarters

HQ city

Conway

HQ country

United States

HQ region

North America

Offices16 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Net Interest Income: Primary revenue stream from interest earned on loans (including commercial, mortgage, construction, auto, home equity, and personal loans) and investment securities. Deposit base provides funding.
2. Non-Interest Income: Fees from merchant services, wire transfers, ATM withdrawals, overdraft/NSF fees, safe deposit box rentals, and other banking services.
3. Service Fees: Monthly maintenance fees, dormant account fees, stop payment fees, return item fees, ATM fees from non-CNB machines, early closing fees, and account research fees.
4. Commercial Banking Fees: Monthly account maintenance, per-item credit/debit charges, deposited items charges, online cash management fees, and mailed statement fees for commercial accounts.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels4 records

Core offering

The Conway National Bank is a full-service community bank offering deposit products (checking, savings, CDs, IRAs, money market, HSA), consumer and commercial loans (mortgage, construction, home equity, auto, credit line, business loans), merchant card processing, and digital banking services through 15 branches, the CNB2GO mobile app, and CNB Online Banking. The bank serves individuals, seniors, small businesses, and commercial clients in Horry County and Waccamaw Neck area of Georgetown County, South Carolina.

Product overview

The Conway National Bank (CNB) offers a comprehensive suite of personal and business banking products and services through a network of 15 branch offices in Horry County and Georgetown County, South Carolina. The core banking platform operates across three main pillars: Personal Banking (checking, savings, loans, and digital access), Business Banking (commercial checking, business loans, merchant services, and retirement plans), and Digital Banking (CNB Online Banking web platform and CNB2GO mobile banking app). Personal checking products include Regular Checking, NOW Checking, SuperNOW Checking, and Senior Citizen Checking with various balance requirements and interest-bearing options. Savings offerings span Passbook Savings, Health Savings Accounts, Education Savings, Christmas Club, Certificates of Deposit, IRAs (Traditional and Roth), and tiered Money Market accounts. Lending products cover home mortgages, construction loans, home equity lines of credit, auto loans, credit lines, and business loans. Digital banking features include online bill payment, mobile banking with GPS-based branch/ATM finder, mobile check deposit, telephone banking (CNB Access), and automatic transfers. Business services include Small Business and Commercial checking, Business Savings, Merchant Services for credit card acceptance, SEP and SIMPLE retirement plans, and Online Cash Management. The bank also provides Safe Deposit Boxes, ATMs, and card services including MasterCard and VISA credit cards.

Differentiator

Problem solved

Functional benefit

Products and services

• Regular Checking Traditional non-interest-bearing personal checking account with $250 minimum balance requirement (no maintenance charges above threshold) and optional debit/ATM card access.
• NOW Checking Interest-bearing personal checking account requiring $500 minimum balance in checking or passbook savings, with monthly interest credit and ATM card access.
• SuperNOW Checking Premium interest-bearing personal checking account with $500 minimum deposit, tiered interest rates based on balance, and unlimited check writing.
• CNB Free Checking No-minimum-balance, no-service-charge personal checking account with free ATM/debit card, free monthly statements, and first order of custom checks free.
• Senior Citizen Checking Personal checking account for customers age 50+ with no minimum balance, no service charge on NOW or Regular Checking, free wallet-style custom checks, and free ATM/debit card.
• CNB Benefit Security Direct deposit ATM account for individuals without conventional checking, offering no minimum balance requirement and free ATM card with first 6 monthly withdrawals free.
• Passbook Savings Account Traditional personal savings account with $5 minimum opening balance, quarterly interest rate adjustments, and $2 service charge per withdrawal beyond 6 per quarter.
• Health Savings Account (HSA) Tax-advantaged custodial account for paying qualified medical expenses, accessible by check or debit card, requiring high-deductible medical insurance for qualification.
• Education Savings Account Nondeductible savings account with tax-free withdrawals for education expenses, limited to $2,000 annual contributions for children under 18.
• Christmas Club Account Seasonal savings account allowing flexible deposits throughout the year with funds disbursed via check or deposit to checking/savings in November.
• Certificates of Deposit (CDs) Term deposit accounts with terms from 7 days to 60 months, minimum deposits ranging from $500-$1,000 depending on term length, with separate Senior and Classic CD options.
• Traditional IRA Individual Retirement Account with tax-exempt deposits (depending on circumstances) and fully taxable withdrawals as ordinary income upon distribution.
• Roth IRA Individual Retirement Account with nondeductible deposits and tax-free qualified withdrawals after a five-year holding period.
• Premier Money Market Deposit Account Tiered-interest personal savings account with $500 minimum deposit, unlimited over-the-counter withdrawals, and 6 limited transfers per statement cycle.
• Home Equity Line of Credit Revolving credit line using home as collateral, approved for specific amounts that can be borrowed at any time for debt consolidation, home improvements, or second home purchases.
• Home Mortgage Loans Fixed rate mortgage financing for home purchases and renovations with local lender expertise in the Conway, Myrtle Beach, and Grand Strand market areas.
• Construction Loans Financing for new home construction from ground up, with local lender expertise in area real estate and development.
• Auto Loans Financing for new and used automobiles with competitive rates, research on wholesale/retail/loan values, and quick approval upon completed application.
• Credit Line Customized cash reserve accessible by check for special purchases or amounts exceeding checking balance, with home equity and revolving credit plans also available.
• Small Business Checking Business checking account with no minimum opening deposit, no maintenance charges at $250 minimum balance, $7 monthly maintenance below that threshold, and $0.30 per item over 150 transactions.
• Commercial Checking Commercial checking with earnings allowance applied to monthly average ledger balance, transaction-based charges, and optional Online Cash Management for $10 monthly.
• Business Savings Business savings accounts for corporations and small businesses paying competitive interest rates with fund-holding benefits.
• Merchant Services Credit card acceptance and merchant account services including local customer service, on-site assistance, competitive discount rates, direct electronic deposits to CNB business accounts, and equipment purchasing.
• Business Loans Small business and commercial loans with local decision-making for quick service and competitive rates, supporting business startup and expansion.
• SEP Plan Simplified Employee Pension Plan using IRAs as investment vehicle, providing employers immediate tax break with contributions not taxable to employees until distribution.
• SIMPLE Plan Savings Incentive Match Plan for Employees of Small Employers, adoptable as modified 401(k) or using special SIMPLE IRAs for contributions.
• Online Cash Management Online cash management for small businesses and commercial accounts enabling 24-hour account access, direct deposit payroll, ACH transactions, and account reconciliation.
• CNB2GO Mobile Banking Mobile banking application for iOS and Android smartphones enabling account access, balance monitoring, fund transfers, bill payments, mobile check deposit, and ATM/branch location finder with GPS integration.
• CNB Online Banking Web-based banking platform providing 24/7 account access, bill payment, transaction viewing, and account management from any personal computer.
• CNB Access Telephone Banking 24-hour automated telephone banking providing balance information, transaction details, fund transfers, loan payment processing, and interest rate access.
• Safe Deposit Boxes Secure storage boxes in various sizes available at all 15 CNB offices for protecting important documents, personal records, and valuables.
• Credit Cards (MasterCard and VISA) CNB-issued MasterCard debit cards with Global Service emergency support and VISA credit cards for individual and business cardholders.

Quantifiable outcome

• Net income increased 44.5% to $6.8 million in Q1 2026 from $4.7 million in Q1 2025
• +3 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

Feature3 records

Partnerships

Three partnerships are on record, tiered core and minor.

• Jack Henry & Associates, Inc.coreTechnology or IntegrationJack Henry & Associates is the primary licensor for Conway National Bank's mobile banking service (CNB2GO). Provider accesses personal information while users use the mobile application. Provider uses contact information to alert users about app-related events. If permission granted, Provider uses phone number to pre-populate forms and location data for branch/ATM finder.
• American Bankers Association (ABA)minorStrategic or Co-development PartnerCNB partners with the American Bankers Association for the annual Teach Children To Save Day program. Since ABA started the program in 1997, more than 60,000 bankers have reached approximately 2.8 million young people. CNB has participated for several years reaching thousands of second graders in Horry County and Waccamaw Neck area.
• StatistaminorOthersForbes partnered with Statista, a market and opinion research institute, to conduct the independent survey of over 25,000 US citizens to determine the Best-In-State Bank Awards. Only community and regional banks were included in the survey.

Scale indicators13 records

Recent moves5 records

Expansion highlights4 records

Emerging players

• Live Oak Bancshares: Wilmington, NC-headquartered community bank that combines a tech-forward digital platform with small-business lending. Represents the emerging digital community-banking model that CNB's CNB2GO mobile app (Jack Henry-powered) is competing against.

Broad incumbents

• Truist Financial Corporation: Top-10 US regional bank with a major Carolinas deposit franchise and mortgage/home-equity presence. The dominant commercial competitor in Horry County against which CNB defends its #1 deposit share.
• SouthState Corporation: Large Southeast regional bank holding company with deep Carolinas and Florida presence and significant community-banking operations. Sets the upper-end competitive benchmark for branch density, product breadth, and digital capability in CNB's footprint.
• United Community Banks: Regional bank holding company headquartered in Blairsville, GA with a heavy Carolinas and coastal-Georgia deposit franchise and similar community-banking emphasis; substantially larger than CNB and provides a relevant scale reference for where CNB could grow into.
• Pinnacle Financial Partners: Nashville-based Southeast regional bank with a relationship-driven model that overlaps community banking and small-business commercial lending. Useful comparison for CNB's commercial banking and growth aspirations beyond the Carolinas.

Direct peers

• Anderson Brothers Bank: Family-owned community bank headquartered in Mullins, SC, with a similar mix of retail and small-business deposit/lending products and a comparable Carolinas branch footprint. Closest direct peer by charter, size band, and operating model.
• First Palmetto Bank: South Carolina community bank with overlapping Carolinas retail and small-business banking products. Direct peer for community-banking share-of-wallet competition in CNB's core geography.
• Truliant Federal Credit Union: Carolinas-headquartered credit union with a comparable consumer/small-business deposit and lending menu and a similar community-banking ethos. Direct competitor for retail deposits in the coastal Carolinas market.
• Coastal Federal Credit Union: Large North Carolina credit union serving coastal Carolinas including military and consumer segments. Competes directly with CNB for retail deposits and consumer lending in Myrtle Beach and the Grand Strand.
• First Bank (North Carolina): Community-focused North Carolina bank with a similar asset base and a footprint across the Carolinas coast. Directly comparable in customer segmentation (personal, small-business, commercial) and product breadth.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/the-conway-national-bank

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about The Conway National Bank