Banking Autonomy

A merger earlier this year by South Carolina Bank and Trust and Charleston-based First Federal created the fourth-largest bank by assets in South Carolina. Still, First Financial Holdings, Inc. CEO Robert Hill believes the company is still a community bank, giving autonomy to its leaders in its local markets and encouraging executives to take a leadership role in economic development. On this program, Hill discusses the acceptance of the merger by shareholders and the work which remains in stabilizing the communities hardest hit by the recession. Gregg Robinson of Orangeburg County Development Commission and Greg Fitzsimon of NC Policy Watch join the conversation.

 

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