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Banks Construction Company

Heavy civil construction, asphalt production, paving

Overview

Banks Construction Company is a heavy civil construction contractor based in Charleston, South Carolina. It specializes in heavy civil projects, asphalt production, and paving, delivering asphalt pavements and related infrastructure for public and private customers. The company runs asphalt production plants and uses pavers and rollers to lay pavement, supported by a focus on safety, quality control, and on-time project delivery to ensure durable roads and infrastructure. Distinguishing factors include its status as a third-generation, family-owned business with more than 75 years of experience, a long-standing commitment to the communities it serves, and a track record of steady leadership in the Lowcountry asphalt production and paving market. Banks Construction aims to stay the contractor of choice for the Lowcountry by maintaining strong partnerships, pursuing efficient processes, and exploring innovative ideas to adapt to an evolving industry.

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About Banks Construction Company

Simplify's Rating
Why Banks Construction Company is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Industrial & Manufacturing

Company Size

51-200

Company Stage

N/A

Total Funding

N/A

Headquarters

North Charleston, SC

Founded

1948

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Simplify's take

What believers are saying

  • Colleton County approved an $11.75 million Walterboro plant, creating 20 jobs.
  • Banks reported 2026 promotions, certifications, and anniversaries, signaling retention and training discipline.
  • Active 2026 projects include I-26 widening, Main Road, and Colleton resurfacing.

What critics are saying

  • Walterboro plant construction delays can postpone summer production and strain project delivery.
  • Revenue depends on SCDOT bidding cycles and transportation budgets, not diversified private demand.
  • A lost SCDOT franchise would cripple volume and strand the new Walterboro plant.

What makes Banks Construction Company unique

  • Third-generation heavy highway contractor with three asphalt plants across the Lowcountry.
  • In-house production and paving let Banks control supply, scheduling, and margins.
  • Deep South Carolina public-works ties include SCDOT, Charleston County, and Colleton County.

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Benefits

  • Health Insurance
  • Dental Insurance
  • Vision Insurance
  • Disability Insurance
  • Life Insurance
  • 401(k) Company Match
  • Employee Assistance Program
  • Tuition Reimbursement
  • Wellness Program
  • Training Programs

Company News

Smith Newspapers, Inc.
May 15th, 2025
Banks Construction Expands Lowcountry Footprint in Colleton County

Banks Construction expands Lowcountry footprint in Colleton County.

Kiawah Island Community Association
Sep 8th, 2022
Kiawah Canasta Group partners with Banks Construction Co.

KICA has partnered with Banks Construction to execute this island-wide road repaving project.

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