South State Corporation
South State Corporation

South State Corporation

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South State Bank , based in Columbia, South Carolina, is the largest bank based in South Carolina and a subsidiary of South State Corporation, a bank holding company. As of December 31, 2018, the company had 168 branches in South Carolina, North Carolina, Georgia, and Virginia.

First National Bank began in Orangeburg, South Carolina in 1933. In 2002, the bank changed its name to South Carolina Bank and Trust and moved its headquarters to Columbia, South Carolina. As of 2013, 240 people still worked in Orangeburg. SCBT added offices in the Greenville, South Carolina area as well. First National Corp. changed its name to SCBT Financial Corp. in 2003. The bank was South Carolina's fourth largest with $1 billion in assets.

On November 30, 2007, SCBT Financial Corp. completed its acquisition of TSB Financial Corporation and its bank The Scottish Bank, giving SCBT four Charlotte, North Carolina locations and a loan production office in Cornelius, North Carolina. The five locations changed their names to North Carolina Bank and Trust, or NCBT.

In 2013, SCBT Financial Corp. announced a merger with First Financial Holdings of Charleston, started in 1934, which had 66 Carolinas locations and was the third-largest financial institution with headquarters in South Carolina. SCBT had 82 locations in 19 counties in South Carolina, 10 counties in north Georgia, two counties on the Georgia coast and in Mecklenburg County in North Carolina. SCBT president and CEO Robert R. Hill Jr. would remain as CEO, and chair Robert R. Horger would be chair. First Financial president and CEO R. Wayne Hall would become president of the merged company, and First Financial chair Paula Harper Bethea would be vice chair.


Market Cap$5.7 billion
5 Year Trendarrow trend up+21.9%
Net Income$120.6 million
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