|
SCBT Financial Corporation
 |
2005 Update - Financial Institutions Group
|
|
|
|
|
|
|
|
“McColl Partners’ transaction experience assisted us in understanding Sun Bancshares’ complex capital and ownership structure, appropriately valuing Sun and crafting the Definitive Agreement.”
Robert R. Hill, Jr.
Chief Executive Officer
SCBT Financial Corporation |
“Sun Bancshares is a high-growth de novo bank that presented unique valuation challenges for SCBT Financial Corporation. SCBT’s acquisition of Sun positions it in one of the Carolinas’ high growth markets”
Hugh L. McColl, Jr.
Chairman
The McColl Group |
|
|
|
Deal Summary
McColl Partners, LLC advised SCBT Financial Corp. (NASDAQ: SCBT), one of South Carolina’s largest independent banks, on its acquisition of Murrells Inlet-based
Sun Bancshares, Inc. (Pink Sheets: SNBA). Sun Bancshares is a $100 million bank holding company located in the “Grand Strand” region of coastal South Carolina. The transaction provides SCBT access to one of the most dynamic and fast-growing markets in the Southeast. Earl E. (Jack) Jackson, Richard (Dick) Vader, and John Boulware led McColl Partners’ execution of this buyside transaction and were supported by Colby Schwartz and Jessica Somers.
|
|
|
|
|
|
About SCBT Financial Corporation
SCBT Financial Corporation, headquartered in Columbia, South Carolina, is a registered bank holding company incorporated under the laws of South Carolina. The Company's two subsidiary banks are South Carolina Bank and Trust, NA, the 4th largest bank headquartered in South Carolina, and South Carolina Bank and Trust of the Piedmont, NA. Serving the needs of South Carolinians for over 70 years, SCBT Financial Corporation currently operates 36 financial centers in 12 South Carolina counties and has assets of nearly $1.7 billion. More information can be found at www.SCBandT.com.
About McColl Partners
McColl Partners, LLC is an independent investment banking firm specializing in the needs of Financial Institutions and Middle Market Companies dedicated to offering strategic advice and assistance to its Clients regarding mergers and acquisitions and private capital raising assignments.
To learn more about the capabilities in our Financial Institutions Group, please
contact Jack Jackson (jjackson@mccollpartners.com; 704-731-7199) or
Dick Vader (rvader@mccollpartners.com; 704-731-7198).
More information about McColl Partners can be found at www.mccollpartners.com. |
|
|
|
|
