Key Developments: SCBT Financial Corp (SCBT.O)
50.25USD
24 May 2013
$0.31 (+0.62%)
$49.94
$49.97
$50.60
$49.66
48,083
58,287
$51.68
$31.90
Latest Key Developments (Source: Significant Developments)
SCBT Financial Corp Declares Quarterly Cash Dividend
SCBT Financial Corp announced that the Board of Directors of SCBT has declared a quarterly cash dividend of $0.18 per share payable on its common stock. This per share amount is equal to the dividend paid in the immediately preceding quarter and is $0.01 per share, or 5.9%, higher than a year ago. The dividend will be payable on May 24, 2013 to shareholders of record as of May 17, 2013. Full Article
SCBT Financial Corp and First Financial Holdings Inc Merge to Create Regional Banking Company
SCBT Financial Corp and First Financial Holdings, Inc (First Financial) jointly announced the signing of a definitive merger agreement under which SCBT and First Financial will merge to position the combined company to become a premier regional bank.Upon completion of the transaction, the combined company will have approximately $8.3 billion in total assets, $6.9 billion in total deposits and $6.1 billion in total loans. On a pro forma basis, the company will rank 5th in deposit market share in South Carolina (source: SNL Financial). Together the two companies operate a network of 148 branches in the Carolinas and generate over $2 billion in mortgage loans, ranking 4th in mortgage market share. The merger agreement has been unanimously approved by the board of directors of each company. The transaction is expected to close in the third quarter of 2013 and is subject to customary conditions, including approval by both SCBT and First Financial shareholders. At closing and upon shareholder approval, the proposed holding company name will be First Financial Holdings, Inc. Keefe, Bruyette & Woods, Inc. served as financial advisor and Wachtell, Lipton, Rosen & Katz provided legal counsel to SCBT Financial Corporation. Sandler O`Neill + Partners, L.P., served as financial advisor and rendered a fairness opinion, to First Financial Holdings, Inc. Kilpatrick Townsend & Stockton LLP served as legal counsel to First Financial Holdings, Inc. Full Article
SCBT Financial Corp Declares Quarterly Cash Dividend
SCBT Financial Corp announced that the Board of Directors of SCBT has declared a quarterly cash dividend of $0.18 per share payable on its common stock. This per share amount is equal to the dividend paid in the immediately preceding quarter and is $0.01 per share, or 5.9%, higher than a year ago. The dividend will be payable on February 22, 2013 to shareholders of record as of February 15, 2013. Full Article
SCBT Financial Corp Completes Acquisition Of The Savannah Bancorp Inc.
SCBT Financial Corp announced that the completion of its acquisition of The Savannah Bancorp Inc. ("SAVB"). Under the terms of the merger agreement, SAVB shareholders will receive 0.2503 shares of the Company`s common stock in exchange for each SAVB share they owned, or an aggregate of approximately 1,802,450 shares of the Company`s common stock. SAVB`s two banking subsidiaries, The Savannah Bank, N. A. and Bryan Bank & Trust have combined with and become a part of SCBT, a South Carolina banking corporation and the wholly-owned banking subsidiary of the Company. Upon completion of merger integration, these locations will operate as The Savannah Bank, a Division of SCBT. Until that time, the banks will continue under their current names. SCBT will also continue to operate Minis & Co., Inc., a registered investment advisor and wholly-owned subsidiary of SAVB. Full Article
SCBT Financial Corp Appoints Chief Financial Officer-Form 8-K
SCBT Financial Corp reported in its Form 8-K that effective October 25, 2012, John C. Pollok, Senior Executive Vice President, Chief Financial Officer (CFO), and Chief Operating Officer of SCBT Financial Corporation (SCBT), has been elected as a member of the Board of Directors of SCBT. Full Article
SCBT Financial Corp Declares Quarterly Cash Dividend
SCBT Financial Corp announced that it has declared a quarterly cash dividend of $0.18 per share payable on its common stock. This per share amount is a $0.01, or 5.9%, increase to the dividend paid in the immediately preceding quarter and will be payable on November 23, 2012 to shareholders of record as of November 16, 2012. Full Article
SCBT Financial Corp And Savannah Bancorp, Inc. To Merge
SCBT Financial Corporation (SCBT) and The Savannah Bancorp, Inc. announced the signing of a definitive merger agreement under which SCBT will acquire The Savannah Bancorp, Inc. for a total value of approximately $67.1 million. Full Article
SCBT Financial Corp Declares Quarterly Cash Dividend
SCBT Financial Corp announced that the Board of Directors have declared a quarterly cash dividend of $0.17 per share payable on its common stock. This per share amount is equal to the dividend paid in the immediately preceding quarter and will be payable on August 24, 2012 to shareholders of record as of August 17, 2012. Full Article
SCBT Financial Corp Completes Acquisition Of Peoples Bancorporation, Inc
SCBT Financial Corp announced the completion of its acquisition of Peoples Bancorporation, Inc. Under the terms of the merger agreement, Peoples shareholders will receive 0.1413 shares of SCBT common stock in exchange for each Peoples share they owned, or an aggregate of approximately 1,003,225 shares of SCBT common stock. Peoples’ three banking subsidiaries, The Peoples National Bank; Bank of Anderson, N.A.; and Seneca National Bank, have combined with and become a part of SCBT, N.A., the wholly-owned banking subsidiary of SCBT. Until the completion of merger integration, SCBT, N.A. will operate the banking locations of these former Peoples banking subsidiaries under their current names. Full Article
SCBT Financial Corp Announces Departure And Appointment Of Chief Financial Officer-Form 8-K
SCBT Financial Corp reported in its Form 8-K the departure of Executive Vice President and Chief Financial Officer (CFO) Donald (Donnie) E. Pickett effective March 21, 2012. John C. Pollok, the Company’s Senior Executive Vice President and Chief Operating Officer, will assume the CFO responsibilities. Full Article
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