A South Carolina bank plans to expand into Raleigh with two branches later this year.

South State Bank will open its first branch at 6623 Falls of Neuse Road in Raleigh on March 25. The second branch opening is planned for the fall of this year at an undisclosed location.

The bank has been providing commercial lending and mortgage banking to customers in the Research Triangle Park for several years via a location on Gateway Access Point.

The Columbia, South Carolina-based bank already has more than 20 branches in the Charlotte and Wilmington markets.

“We are looking forward to offering South State’s full suite of services to the area, including consumer banking, wealth and investment services, in addition to mortgage and commercial lending,” said Bryan Kennedy, division president of North Carolina and Virginia, in a statement.

Wells Fargo is the No. 1 bank in the Raleigh market with a 26.6 percent share of deposits, according to data from the Federal Deposit Insurance Corp. BB&T Corp. is No. 2 with a 15.3 percent share of deposits.

First Citizens Bank is the largest Raleigh-based bank in the market with 11 percent of deposits, which gives it the No. 4 rank. Bank of America is No. 3.

South State has approximately $14.7 billion in assets and also has branches in Virginia and Georgia in addition to the Carolinas.

Its stock closed Monday at $69.66, up 56 cents.