The Scottish Bank to Change Name to North Carolina Bank and Trust
August 12, 2008
CHARLOTTE, NC – August 6, 2008 – John Stedman, president and CEO of The Scottish Bank announced today that The Scottish Bank plans to officially change its name to North Carolina Bank and Trust (NCBT).
We chose a name that clearly says that we are committed to serve the people of North Carolina, said Stedman. We are also committed to further expansion in North Carolina and this name will support these plans. With nearly $3 billion in assets in the Carolinas, our corporation is uniquely positioned for further growth and service to our customers.
It is anticipated that the name will change before the end of 2008, but an official date for the transition has not been set at this time.
The Scottish Bank has continued to experience significant growth with over 35% in annualized loan growth since its merger with SCBT Financial Corporation in November of 2007.
The Scottish Bank, N.A. is community bank headquartered in Charlotte, N.C and is a subsidiary of SCBT Financial Corporation. Founded in June of 1998, the Scottish Bank has three branches in Charlotte located in the Myers Park, South Park, and Cotswold areas. The bank also has a branch in Mint Hill, NC and a loan production office in Cornelius, NC. The Scottish Bank specializes in delivering personalized, hometown banking service to families, seniors and small businesses. More information on the bank and its services can be found at www.thescottishbank.com .
