Former Wachovia Executive Team To Lead South Carolina Bank and Trust's Entry Into The Spartanburg Market

SPARTANBURG, S.C.--(Business Wire)--
John Windley, president of South Carolina Bank and Trust (SCBT) announced today
that four former Wachovia wealth management executives will lead SCBT's entry
into Spartanburg.

"Founded in 1933, SCBT has been serving the financial needs of South Carolinians
for more than 75 years," said Windley. "Our niche is community banking. We
believe in South Carolina and understand the needs of the local markets. This
will be our first step into the Spartanburg market, further expanding our
commitment to the Upstate and rounding out our presence throughout the state."

"Bill Coker will lead the team of seasoned executives including, Frank Sanders,
Charles Williams and Brian Barker in providing a new dimension to our private
banking and wealth management capabilities. The Spartanburg based initiative
will eventually include banking and credit services to round out a full service
offering," said Todd Harward, president, SCBT Wealth Management Group.

"We are fortunate to have the exceptional local leadership to be able to take
our wealth management and private banking offering to a new level," said
Windley. "Bill, Frank, Charles and Brian add a depth of expertise and style of
full service relationship management that we will be able to leverage across the
Carolinas."

A native of Spartanburg, Coker has 27 years of banking experience with Wachovia
and its predecessors. Previously, he served as senior relationship manager for
Wachovia`s wealth management clients.

Coker earned an undergraduate degree from the University of Virginia and is a
graduate of the Stonier Graduate School of Banking at the University of
Delaware. He is a Certified Financial Planner and holds his FINRA Series 7 and
Series 63 licenses.

"SCBT is committed to the same vision that is to provide comprehensive,
objective advice through a fully integrated platform, serviced locally by a team
of professionals," said Coker. "I am looking forward to being part of this
entrepreneurial company. There is a great opportunity for a well-capitalized
bank to focus on wealth and private banking in Spartanburg and the Upstate
market."

Frank Sanders, also a Spartanburg native, has more than 20 years experience with
Wachovia and previously NationsBank in the Trust Department. Frank earned his
Juris Doctorate from the USC School of Law and his undergraduate degree from
Wofford. Sanders also maintains his CTFA (Chartered Trust Financial Advisor)
designation.

With more than 20 years experience in the investment business, Charles Williams
has been a portfolio manager for Wachovia since 2003. Williams is a graduate of
the Asheville School and the University of North Carolina Asheville. He
maintains his CFP (Certified Financial Planner) designation.

Brian Barker has over 10 years experience in the investment management business
and has been a portfolio manager for Wachovia since 2003. Barker earned his
undergraduate degree in Economics from Clemson University and his MBA from the
University of South Carolina in Columbia. Barker is the current president of the
SC Chapter of the Financial Planning Association, and maintains his professional
designations, CFP (Certified Financial Planner), CTFA (Chartered Trust Financial
Advisor) and AIF (Accredited Investment Fiduciary).

SCBT Financial Corporation, Columbia, South Carolina is a registered bank
holding company incorporated under the laws of South Carolina. The Company
consists of SCBT, N.A., the third largest bank headquartered in South Carolina
and NCBT, a Division of SCBT, N.A. Providing financial services for over 75
years, SCBT Financial Corporation operates 48 financial centers in 16 South
Carolina counties and Mecklenburg County in North Carolina. Named in Forbes as
one of the 100 Most Trustworthy Companies in America, SCBT Financial Corporation
has assets of approximately $2.8 billion and its stock is traded under the
symbol SCBT in the NASDAQ Global Select Market. More information can be found at
www.SCBTonline.com.

SCBT Financial Corporation
Donna Pullen, 803-765-4558

Copyright Business Wire 2009