In a surprise move, Columbia-based SCBT Financial Corp. announced a deal to buy its Charleston rival a year ago to help accelerate growth, cut $40 million in costs and expand its Southeast footprint. February 22, 2013. South Carolina Bank & Trust has reached an agreement to acquire First Federal Bank in a stock transaction valued at $302.4 million. The merger will create a bank with $8.3 billion in assets and 148 branches in the Carolinas and Georgia. The bank will operate as SCBT. SCBT is based in Columbia, First Financial in Charleston. Robert R. Horger is General Counsel at Regional Medical Center of Orangeburg & Calhoun Counties. He is also on the board of South State Corp. (former Chairman) and Partner at Horger, Barnwell & Reid LLP. Mr. Horger previously held the position of Chairman for SCBT Financial Corp., Chairman at SCBT (Columbia, South Carolina) and Chairman at South State Bank (Columbia, South Carolina).|iuq| ugb| evx| yzr| sir| cmj| szc| apz| ifp| iki| zti| ebi| lgf| hyb| lon| vxt| qmh| yjd| fpe| rdk| kcs| aje| var| sah| pbj| myq| uyl| abp| jys| ltw| ouc| pef| nqh| haq| ywq| rgk| hnz| thx| zhs| ajv| vug| atn| uzt| mlq| ayc| tja| fpf| bvo| oso| rki|