Tuesday, December 20, 2011

SCBT Financial Corporation and Peoples Bancorporation to Merge

SCBT Financial Corporation (NASDAQ: SCBT), the holding company for SCBT, N.A., and Peoples Bancorporation, Inc. (OTCBB:PBCE) founded in 1986, the holding company of Peoples National Bank, Bank of Anderson, N.A., and Seneca National Bank, jointly announced today the signing of a definitive merger agreement under which SCBT will acquire Peoples Bancorporation. Founded in 1933, SCBT is the largest publicly traded bank headquartered in South Carolina. Upon completion of the transaction, the combined c...continued
      

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