Scottish Bank changing name
By T&D StaffWednesday, August 06, 2008John Stedman, president and CEO of The Scottish Bank, announced Wednesday that the bank plans to officially change its name to North Carolina Bank and Trust.
“We chose a name that clearly says that we are committed to serve the people of North Carolina,” Stedman said. “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.
The Scottish Bank has continued to experience significant growth with over 35 percent in annualized loan growth since its merger with SCBT Financial Corporation in Nov. 2007.
The Scottish Bank, N.A. is community bank headquartered in Charlotte, N.C. and is a subsidiary of SCBT Financial Corporation.
More information on the bank and its services can be found at www.thescottishbank.com.
